Country-specific forums » Translation in the UK »
Book-keeping for income received from overseas clients/agencies
Thread poster: r-lts.com
r-lts.com
r-lts.com
United Kingdom
Local time: 23:38
English to Chinese
+ ...
Jan 17, 2013

I want to know a few things:

1. If I work with overseas agencies, do I need any particular documents for overseas income?
2. Since Paypal is the main channel for me to receive my pay, can the transaction record of Paypal be counted as the official bookkeeping document?
3. How do we convert our money back to GBP? Normally I will wait until a certain amount of pay is accumulated on Paypal and use their converter to convert to the currency that I need before I transfer that... See more
I want to know a few things:

1. If I work with overseas agencies, do I need any particular documents for overseas income?
2. Since Paypal is the main channel for me to receive my pay, can the transaction record of Paypal be counted as the official bookkeeping document?
3. How do we convert our money back to GBP? Normally I will wait until a certain amount of pay is accumulated on Paypal and use their converter to convert to the currency that I need before I transfer that lumpsum into my bank account.


Thanks for your help. ▲ Collapse
 
wotswot
wotswot  Identity Verified
France
Local time: 00:38
Member (2011)
French to English
Paypal payments Jan 17, 2013

My French accountant (I'm based in France) says that the Paypal transaction record/date is what counts if you do cash accounting, which most freelancers do (as opposed to accrual accounting).
 


There is no moderator assigned specifically to this forum.
To report site rules violations or get help, please contact site staff »


Book-keeping for income received from overseas clients/agencies






Trados Business Manager Lite
Create customer quotes and invoices from within Trados Studio

Trados Business Manager Lite helps to simplify and speed up some of the daily tasks, such as invoicing and reporting, associated with running your freelance translation business.

More info »
Trados Studio 2022 Freelance
The leading translation software used by over 270,000 translators.

Designed with your feedback in mind, Trados Studio 2022 delivers an unrivalled, powerful desktop and cloud solution, empowering you to work in the most efficient and cost-effective way.

More info »