eu invoice

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!

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.

Stewart Setter
Virtual Ac
virtual_ac@yahoo.co.uk

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.

Regards,
Scott Carpenter