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Suppose I accept US dollars (or Bitcoins) in addition to euros. How should I indicate in the accounts that the invoice was paid in a different currency?
Suppose I accept US dollars (or Bitcoins) in addition to euros. How should I indicate in the accounts that the invoice was paid in a different currency?
I always convert my purchases in USD to EUR using the exchange rate on the invoice date.
Yes, but what about Bitcoins, for example, which have a fluctuating exchange rate? ☺
The same. USD also has a fluctuating exchange rate compared to EUR, for example.You should indeed use the exchange rate of the virtual coins on the invoice date (but be careful, because if payment is made later, this can make a big difference, both positive and negative), unless you have the payment made automatic on the invoice date (or issue the invoice on the payment date).
Johan
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.