Hi,
My business is based in Australia, however my customers and market are in the USA, so my payments and receipts are in USD and need to be converted into Australian dollar invoices for reporting purposes.
I use Paypal for my payments and receipts and Xero for my accounting software. I have to manually convert my US payments and receipts into AUD invoices and because of the high volume of transactions this is neither practical or economical for me. I am on Xero multi currency plan, but this still does not help me because Paypal does not have an export tool that converts USD payments and receipts into AUD.
I looked at an add-on called Receipt Bank, but I have about 800 reconciles in my Xero, their plan maybe too expensive. And i will be getting more transactions as my business grows.
Could anyone recommend an automated cost effective solution to my problem?
Thanks,
Sean
