What's the proper method for currency conversion when invoicing customers and purchasing services that are not in Euro.
Heard conflicting reports from 2 advisors and haven't been able to get a proper answer off revenue (Yes I'm in the market for a really competent accountant...)
What we've been told is to use the daily central bank rates on the day of the invoice for both sales and purchases.
I won't pretend that I know more than I do, but when you get paid and convert that back into Euro that gives your actual income, so the exchange rates used in the interim make little difference. If you invoice and are paid in the same accounting period, they make no difference.