I've just started as freelance and I've got some customers across europe which would apreciate get the invoice not only in £ but also with the relative amount in €.
Is there any problem doing that?
I mean, can I just add few lines at the bottom with the currency value, in the date which the invoice is been issued?
Thanks in advance
- No problem at all doing this I would have thought. Would it not be better though to simply issue the invoice in the currency that the customer will be paying you in?
- I have clients in Europe, the US and Australia. This is a little backwards from what you're doing but I tend to negotiate contracts in their local currency. However, my accounting software (MYOB Business Basics - excellent bit of kit especially suited to freelancers and sole traders) only lets me invoice in GBP. I do a quick online currency conversion then add the result and the rate to the invoice as a note.
When I print off my invoices I highlight the GBP amount then write by hand €xxx, US$xxx or AU$xxx to pay. When I reconcile the account on payment I use the GBP amount and add another note XXX paid in local currency.
Might seem a bit convoluted but it keeps the books balanced and HMRC happy![SIZE="3"]Member of the Chartered Institute of Journalists British Equestrian Writers' Association Association Internationale Presse Sportif Sports Journalists' Association [/SIZE]
- I invoice clients all over the world in various currencies, usually you would invoice in the local currency or depending on the agreement you have with your customer, a stable currency. Example, my clients in the Far East use US$.
On another note, if you are dealing with multiple currencies, you need to either have a multi currency account of separate currency accounts, as the bank charges can be astronomical.
Feel free to contact me should you require any further information or advice.
firstname.lastname@example.orgStewart Setter Director Virtual Ac
- If you issue invoices in different currencies I invite you to try out Invoiceplace.
You can sign-up for a free account (limit three customers) configured for the UK (i.e. VAT, currency in GBP) but you can change the currency for individual invoices and quotes/estimates (i.e. US, Australian dollars etc).
You can also use Invoiceplace without any sign-up required to create and print (PDF or Word format) your invoices.