![]() Therefore, if you’re using time tracking to populate a foreign currency invoice with service items, don't rely on per-item price levels to give you the proper foreign selling price. If that were to happen, it’s likely the Canadian customer would notice being overcharged and complain about it. The exact opposite would happen: I’d be in danger of over-invoicing my Canadian customer if I were to use service items based on time tracking to populate an invoice. On the flip side, let’s take the case of the Canadian dollar, which is worth much less than the USD at this point in time. In it, I’ve specified that any customer with the Euro Price Level will have €100 appear as the default (custom) sales price, and this price will not fluctuate with the exchange rate. I’ve also created a per-item price level called, “Euro Price Level,” which is tied to the Euro currency. ![]() I’ve created a service item called “Consulting,” which has a standard price in U.S. Let’s take a look at how invoicing foreign customers for service items in their native currency is supposed to work. version – and it hasn’t been corrected over time. I discovered it in the Canadian version of Desktop, but it also exists in the U.S. If you’re undercharging them, it’s likely they won’t tell you, and you’ll be leaving money on the table. If you’re overcharging them, they’ll no doubt tell you about it. You might be incorrectly charging your clients. ![]() There’s a little-known bug in QuickBooks Desktop that could cost you big time. If you're using QuickBooks Desktop for multiple currencies, and you’re tracking time to invoice for services in foreign currencies, you should proceed with caution.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |