Quote:
Originally Posted by CorsiHockeyLeague
This sounds like an unnecessary headache for the accountant, as much as anything... all of a sudden he has to deal with forex gains and losses based on date of sale? Locke or someone can probably chime in... seems pointless. Just charge a higher CAD price.
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Pretty much. Plus, TSB might very well have a USD account that they hold cash in to make purchases...so, having cash come in and out in USD is easier to price and manage...then your only worry is the FX rate when you take the money out of the business (or if you have to fund the account), rather dealing with the FX rate for each transaction that has or may happen.