Creating invoices in foreign currencies

Invoices in a foreign currency

In Norman you can issue invoices in currencies other than the euro, for example US dollars. The chosen currency appears on the invoice, and Norman shows the euro value for bookkeeping.

Conversion for bookkeeping

For bookkeeping and tax, the amount is converted to euros at the relevant rate. Norman records the rate as of the invoice date.

What to watch for

• For customers in the EU or non-EU countries, reverse charge may apply

Payment at a different rate

Your bank converts at its own rate. If the payment differs by no more than 3 % from the invoice's euro value, the invoice counts as paid, and you see one booking instead of two.

• If you are self-employed, the amount your bank booked counts.
• A GmbH or UG keeps the invoice's euro value. Norman books the difference on the payment day as an exchange gain or loss.
• If you enter a smaller amount yourself, the rest stays open.