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emdec
August 6, 2022

Revolut EUR business accounting with QB Simple Start

  • August 6, 2022
  • 1 reply
  • 0 views

A client pays in EUR to the Revolut business EUR account (from an invoice generated in EUR). What would be the best way to account for this income, considering QB Simple Start does not allow accounts on foreign currencies? 

 

I was thinking to account for this only when making the conversion to GBP (i.e. when the money reaches the Revolut GBP account), but how do I account for conversion rates? 

    1 reply

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    payment after leaving
    August 8, 2022

    Hi emdec As our Simplestart products don't account for foreign currencies we would recommend upgrading your account. There maybe a Community member/an accountant that views this post and may be able to advise on how to account for foreign currency transactions on a Simplestart account however we're unable to offer such advise.

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