Multi-Currency Bookkeeping for International Businesses | Square Accounting
One of our clients sells software to customers in the UK, Canada and Australia. Good problem to have, right? Until tax season. Their books showed income in three currencies, all lumped together as if every pound, dollar and Aussie dollar were worth the same. The totals were off by thousands.
Multi-Currency Bookkeeping for International Businesses | Square AccountingOne of our clients sells software to customers in the UK, Canada and Australia. Good problem to have, right? Until tax season. Their books showed income in three currencies, all lumped together as if every pound, dollar and Aussie dollar were worth the same. The totals were off by thousands.https://squareaccounting.com/multi-currency-bookkeeping-how-businesses-can-manage-international-transactions/
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