What is my accounting currency?
Your accounting currency is the currency in which you declare sales and taxes to the country where your business is registered.
IMPORTANT: once you select your accounting currency when creating your Quaderno account, it cannot be changed.
The accounting currency is not necessarily your “default currency” for issuing invoices. If your business is in Europe, but you issue invoices in USD to customers, your accounting currency could be EUR and your default currency could be USD.
Why is this important?
Quaderno will use the real-time exchange rate so that all transaction amounts will appear in your accounting currency when you export. This makes it easier for you to calculate taxes owed and declare sales in the currency of the country where your business is registered.
For example, if you issue invoices in EUR and CHF, it could look like this: