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How to keep records when invoicing in currencies other than pound?

28/11/2017 10:40:26
Hello,

I am a self-employed sole trader, freelance writer to be more precise. I have some clients oversees whom I invoice in currencies other than pound, for example US dollars. How do I make sure to keep accurate records for this kind of earnings? I.e. how do I prove to HMRC that the invoice in dollars reffers to the same transaction as the incoming bank transfer that shows up in pounds on my bank account? Do I need to keep any extra records, like currency exchange rates from particular days?

I will be grateful for your help. Thank you.

This message was edited 1 time. Last update was at 28/11/2017 12:40:04

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How to keep records when invoicing in currencies other than pound?

28/11/2017 13:12:42
Or maybe the easiest way is to have a business account in multiple currencies? But then I would need to fill in my tax return in multiple currencies as well - is it possible?
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Re:How to keep records when invoicing in currencies other than pound?

28/11/2017 14:18:22
Hi
I have sent you a private message offering a webchat. Please check your messages and come back to me accordingly.
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Re:How to keep records when invoicing in currencies other than pound?

30/11/2017 10:02:44
Hi
I have sent you a private message with the webchat link. Please check your messages.
Kind regards
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How to keep records when invoicing in currencies other than pound?

30/11/2017 11:08:06
Hi, I haven't received any new messages, can you please send it again? Thank you.
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Re:How to keep records when invoicing in currencies other than pound?

30/11/2017 16:16:17
Hi
I am sorry you did not receive my earlier message. I have sent it again.
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How to keep records when invoicing in currencies other than pound?

01/12/2017 09:28:55
Thank you very much - I have it now.