- Original Poster
- #1
I sell on Amazon Germany, France Italy and Spain. The money we make is paid by Amazon into a World First euros account (based in Germany), and then I can withdraw it to our UK sterling account.
At the moment, my bookkeeper is using Quickbooks in multi-currency mode and we batch-total the Amazon sales (with an account set up in Quickbooks for each Amazon platform) in euros. I would like to simplify our bookkeeping and drop the multi-currency so my question is, do we have to do it this way, or could we simply add each batch with the value of the sterling we receive when we transfer each lump of cash from Amazon via the World First account, into our sterling account?
I hope I explained that in a way that's clear, thanks for your help
At the moment, my bookkeeper is using Quickbooks in multi-currency mode and we batch-total the Amazon sales (with an account set up in Quickbooks for each Amazon platform) in euros. I would like to simplify our bookkeeping and drop the multi-currency so my question is, do we have to do it this way, or could we simply add each batch with the value of the sterling we receive when we transfer each lump of cash from Amazon via the World First account, into our sterling account?
I hope I explained that in a way that's clear, thanks for your help
