Currency Modes for Invoicing

For invoicing, your company must decide which currency you use to manage billing relationships with customers. For example, suppose that your company is in the USA using the US dollar (USD) as the domestic currency. Your sales representative signs a new project in Canada, where the customer wants to receive all invoices in Canadian dollars (CAD). Regardless of fluctuating exchange rates, the customer has agreed on rates for the particular services in CAD. In this particular example, you are probably going to operate the billing system in a foreign mode (the foreign amounts are fixed). Conversely, if you negotiate most of your deals in USD regardless of your customers' currencies, you will probably set the billing system to the domestic mode (the domestic amounts are fixed).