If you travel for business, you’ll probably have experienced the complication of currency conversion when recording your company expenses. With this in mind, Tempo has made life easier for jet-setting directors by allowing expenses to be recorded directly in Euros.
Simply keep all your receipts and enter the details as usual to your Tempo account and use the new 'Currency' drop down list to select Euros or Pounds accordingly.
You can now also invoice your customers in Euros if required - just change the currency option when creating a new sales invoice.
Tempo uses HMRC's default exchange rates to convert your invoices and expenses to the equivalent value in pounds sterling for VAT purposes, but later any foreign currency expenses can be attributed to an exact exchange rate when they appear on your bank statement.
Although Euros are the only foreign currency included on the site at the moment, Tempo is happy to respond to any requests for other currencies to be added to the system, so please get in touch to discuss your requirements.
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