I run a translation business and we will now have to start invoicing clients in euros – initially a couple of invoices a month.
So far, we used euros essentially to pay our suppliers (linguists) using TransferWise. We therefore have a euro account we could potentially use to receive payments and (as QBooks now apparently integrates TWise in the Banking function).
However, going "Multiple Currencies" in QBooks sounds like a steep learning curve.
- Any of you went down that route?
- Are there any simple workarounds to avoid the multiple currency option?
We were thinking, for the short term, sending our clients an invoice in pounds equivalent to of our initial quote in € and tell them to pay the EUR amount, then receive the money on TWise, transfer the amount received on TWise to our UK pounds bank a/c and finally amend the amend the invoice amount in pounds on QB so we can match the Invoice with the Payment.
Thanks for your input.
