Built-in Multi-currency
Double-Entry Ledger Engine
Say goodbye to tedious monthly Excel reconciliation. MothPay Ledger automatically maps every transaction to rigorous double-entry bookkeeping entries, helping finance teams reduce monthly closing time by 80%.
Automatically Generate Double-Entry Accounting Entries
Every fund movement on the MothPay platform (collection, payment, FX, fees) automatically generates standard debit/credit double-entry entries in the background, ensuring the total fund pool is always balanced.
- Automatically splits fees, FX losses, and other implicit costs into separate accounts
- Customizable Chart of Accounts to match your company's financial structure
- Guarantees every cent's destination is clearly auditable
Conquering the Multi-currency Reconciliation Challenge
Moving funds between different currencies is typically a nightmare for financial reconciliation. MothPay Ledger automatically records real-time exchange rates at the time of each transaction and automatically calculates realized/unrealized FX gains and losses.
- Records the original base rate and markup for every FX conversion
- Supports multi-dimensional financial report base currency translation
Seamlessly Sync to Your Financial Core
No need to change your existing financial workflow. MothPay Ledger acts as your fund sub-ledger, automatically pushing summarized entry data to NetSuite, SAP, Xero, or QuickBooks.