Wondering how to account for foreign currency in your travel expense reports? Expensify makes it simpler than ever.
What is foreign exchange accounting?
Foreign exchange accounting is the process of recording business expenses in currencies other than your own.
If you’ve ever taken a business trip to another country, for instance, then you’ve likely found yourself wondering how to get reimbursed for expenses you paid for in yen (or euros, or yuan, or any other type of foreign currency) instead of dollars.
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