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UK Business - is it better to bill in GBP or Euros

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Pheel

Free Member
Jun 10, 2008
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Hi - my business is a UK based consultancy, but am now having to work more in Europe, Germany to be specific.

How do i best minimise my FX exposure with invoicing? Is it best to invoice in Euros or GBP? should i open a Euro business bank account?

any advise would be greatly appreciated!

cheers
 
thanks Elaine - what's the protocol for invoicing in Euros - do you state the GBP equivalent to be paid? or do you just take today's rate? my payments terms are 30days
 
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Invoice in how you want to be paid. if you invoicing in one currency and converting into another you're loosing out. If you want to keep a euros bank account with a balance then invoice in Euros.

If you invoice in £ your customers bear the FX risk, if you invoice in Euros you bear the risk.
 
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