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invoice in foreign currency and difference on payment due to exchange rate

lsac

lsac

Messages count : 2
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Registration : 7 August 2016
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Hi all,
I invoice my clients in their local currency. I convert the amount into sterling on the invoice for tax purpose only.
My clients pay in their local currency through Paypal. I convert it into sterling the day I receive the payment. Paypal's exchange rate is usually less advantageous than the one used on my invoice. Can I account this difference same as an expense for my accounting? Thanks for your replies.

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