Guide
Running a dual-currency POS in Lebanon
Most Lebanese stores price in US dollars and accept both dollars and lira. A dual-currency POS needs a clear exchange rate, change given in either currency, separate cash counts for USD and LBP at each shift, and accounting that records VAT correctly. This guide covers each step, and how the Orixya POS helps.
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Should I price in dollars or lira?
Most retailers set prices in US dollars as the base currency because it is stable, and show the lira amount at the current rate at checkout. Keeping one base currency means your margins, reports and accounting stay consistent, while customers can still pay in the currency they carry.
How do I take payment in lira and give change?
Record what the customer hands over in each currency as separate payment lines, then work out change at your published rate. Change can be given in dollars, lira or both. Recording each tendered amount by currency, not only the total, is what lets the drawer balance at the end of the shift.
How should exchange rates be updated?
Set the rate in one place and update it on a schedule your team follows, for example at the start of each day, so every cashier uses the same number. Orixya keeps exchange rates in the system, which makes every sale traceable to the rate it used.
How do I count a drawer that holds two currencies?
Count each currency separately. At shift open, record opening cash in USD and LBP; at close, count each currency and compare it with what that currency’s sales should have brought in. In Orixya, shift reports break sales down by currency, so the expected amount for each currency is easy to check against the count.
- 1Record opening cash in USD and in LBP.
- 2Sell; each payment records what was tendered in each currency.
- 3At close, count USD and LBP separately.
- 4Compare with the shift report’s sales per currency and note differences.
- 5Close the shift; sales and cash post to accounting.
How are VAT and receipts handled?
VAT is calculated on the sale in the base currency and posted to a VAT payable account, whatever currency the customer paid in. Receipts show the items, tax and total, and markdown receipts show the original price. Keeping VAT in one base currency makes your VAT return a report rather than a monthly reconstruction.
Frequently asked questions
Can a customer pay part in dollars and part in lira?
Yes. The Orixya POS accepts split payments, so one sale can be paid partly in USD and partly in LBP.
Does the shift report show both currencies?
Yes. Shift reports break sales down by currency, and the drawer is counted at open and close.
Do cash sales post to accounting automatically?
Yes. Every POS sale and shift close posts double-entry journal entries, including VAT, so your books match the drawer.
Related
- Point of salePart of the Orixya retail system: RFID checkout, multi-currency payments, shifts, returns and markdowns.Learn more
- LebanonRFID and retail software built in Beirut: USD/LBP checkout, VAT-ready accounting, on-site setup.Learn more
- AccountingPart of the Orixya retail system: double-entry accounting that posts itself from daily operations.Learn more
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