What eTIMS Billing Software does for a forex dealer
eTIMS billing files a compliant tax invoice with KRA on every sale, with no manual entry. For a forex dealer, the value shows up exactly where the work is hardest.
Forex dealers track exchange rates, customer transactions, foreign currency inventory and compliance. Forex dealer margins come from bid-ask spreads and transfer commissions.
KRA and customers expect transparent rates and anti-money laundering compliance. Veira handles that as part of the same sale, so compliance is not a separate evening job.
Forex Dealers run differently, and the software should too
A generic till misses the details that decide whether a forex dealer makes money. These are the ones that matter:
- 1
The daily reality
Exchange rate tracking and updates. eTIMS Billing Software built for a forex dealer turns that into a number you can act on, and you also issue a KRA compliant eTIMS invoice on every sale.
- 2
Where the margin leaks
Customer transaction tracking. eTIMS Billing Software built for a forex dealer turns that into a number you can act on, and you also queue invoices offline and submit when reconnected.
- 3
What slows the counter
Compliance with KRA rules. eTIMS Billing Software built for a forex dealer turns that into a number you can act on, and you also keep a clean audit trail you can export in one click.
- 4
What buyers expect
Fraud and money laundering prevention. eTIMS Billing Software built for a forex dealer turns that into a number you can act on, and you also give registered buyers the invoice they need to claim input VAT.
What to look for in eTIMS Billing Software for a forex dealer
- eTIMS filing built in, not a separate fee. This matters for a forex dealer because of exchange rate tracking and updates.
- Offline queueing so an outage does not stop billing. This matters for a forex dealer because of customer transaction tracking.
- An exportable audit trail. This matters for a forex dealer because of compliance with KRA rules.
- Support that handles KRA onboarding with you. This matters for a forex dealer because of fraud and money laundering prevention.
Ready to run etims billing software like this for your forex dealer?
Sign UpA notebook and a basic till, or Veira
| Notebook or basic till | Veira | |
|---|---|---|
| Counting stock | By hand, rarely matches the shelf | Live by item, branch and value |
| M-Pesa at the counter | Checked on a separate phone | Matched to each sale automatically |
| eTIMS invoices | Typed in later, if at all | Filed on every sale, even offline |
| Knowing your numbers | A monthly guess | Live margin and takings on your phone |
A real forex dealer example
A Nairobi forex dealer handling 500 transactions daily cannot track rates, inventory or compliance.
- Exchange rate tracking and updates.
- Customer transaction tracking.
- Compliance with KRA rules.
- Issue a KRA compliant eTIMS invoice on every sale.
- Queue invoices offline and submit when reconnected.
- Keep a clean audit trail you can export in one click.
Every sale on Veira files a compliant KRA eTIMS invoice, online or offline. KRA and customers expect transparent rates and anti-money laundering compliance.
eTIMS billing files a compliant tax invoice with KRA on every sale, with no manual entry. Here is what that looks like with Veira:
- Issue a KRA compliant eTIMS invoice on every sale
- Queue invoices offline and submit when reconnected
- Keep a clean audit trail you can export in one click
- Give registered buyers the invoice they need to claim input VAT
Seen enough to get started?
Sign UpRelated questions
Frequently asked questions
Is eTIMS Billing Software hard to set up for a forex dealer?
Does it keep working offline?
Does it handle M-Pesa for a forex dealer?
Is it KRA eTIMS compliant?
How much does eTIMS Billing Software cost for a forex dealer in Kenya?
Can it run more than one forex dealer?
Based on KRA eTIMS regulations and interviews with 5,000+ Kenyan businesses
Whether you run one forex dealer or several across Kenya, Veira gives you eTIMS billing that fits the trade instead of fighting it. Book a free demo and see it work with your own foreign exchange buying and selling.
Need help, or want to talk it through first? Chat with us on WhatsApp