Multi-currency
Invoice a customer in euros, keep dollars in a currency account, and still see one clear picture in pounds. Telore records the exchange rate it used for every figure and works out the gain or loss when the money arrives.
Recorded in the app, with an example company.
A euro invoice is a euro invoice, with its VAT shown in pounds where the rules require it. What is owed is tracked in both currencies.
Balances in other currencies are read in the currency you hold them in and valued in pounds every day.
When a euro invoice is paid at a different rate from the day it was raised, the difference is a real gain or loss. Telore records it and shows the working.
Invoice in any currency, or receive money into a foreign balance.
Telore applies the day's rate and shows which one it used.
When the money lands, the gain or loss is recorded on its own line.
Questions
From a recognised reference rate source, applied by date. The rate used is shown beside the figure so your accountant can check it.
A VAT invoice in another currency also shows the VAT in pounds, as HMRC requires. Telore will not send one until that figure is in.
Launching in 2027
Telore launches in 2027. Leave your email and we will write when you can sign up. Every plan starts with a 30-day free trial.
One email at launch, and nothing else unless you ask.