How do I invoice and receive payment in USD?

Dave Dennis
Dave Dennis Member Posts: 29

I have a new client who resides in the US. I need to invoice them but I am not sure how to go about the invoice and payment in foreign currency.

If I issue in AUD and they organise payment, there are fees and exchange rates which probably mean the payment won't match the invoice? Or should I somehow create an invoice in USD? I don't know whether I can do that in Reckon One?

How can I account for any discrepancies? (I am not a trained accountant).

Thanks for any help or advice.

Best Answer

  • Rav
    Rav Administrator, Reckon Staff Posts: 15,392 Community Manager Community Manager
    Answer ✓

    Hi @Dave Dennis

    Unfortunately I'm not an accountant either so hopefully the wider Community can provide some insight o suggestions here. What I can confirm however is that unfortunately Reckon One does not support multi-currency at this stage so invoices cannot be created in other currencies.

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