What accountancy software do you use if you trade internationally?

[MarinaSS]

I am personally using Fiskl which is the best so far if having a small business using multi-currency. What I like is that they integrate AI tools and reconciliation, uploading expenses receipts, bank feed are all so easy to manage. Not to mention the every good price and transparency, they will never ask for higher prices if you extensively use multiple currencies. Stripe, Revolut, Chase, Wio, all supported. If you want to give it a try, it's free so you can truly see if it answers your company's needs.

 

[jameswood32]

When trading internationally, the right accounting software depends on your business size, complexity, and the countries you operate in. Some popular options include:

1. Xero – Cloud-based, supports multi-currency transactions, automatic exchange rate updates, and integrates with many international payment platforms.
2. QuickBooks Online – Offers multi-currency support, tax compliance features for different countries, and a large ecosystem of integrations.
3. Zoho Books – Good for SMEs, supports multi-currency invoicing, GST/VAT compliance in several countries, and integrates with Zoho CRM.
4. Sage Business Cloud Accounting – Strong in global accounting standards, multi-currency, and suitable for growing businesses with international operations.
5. NetSuite (Oracle) – Enterprise-level ERP solution with full multi-currency, multi-entity, and global tax compliance capabilities. Ideal for larger businesses trading in multiple countries.

Tips:

• Make sure the software supports multi-currency transactions, tax compliance for your countries, and integration with payment gateways you use.
• Consider cloud-based software for real-time access and collaboration across borders.
• Check if it can generate reports in different currencies and handle international VAT/GST.

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