The world is your marketplace. Learn the essentials of invoicing international clients handling currencies and getting paid globally.
Remote work has opened up the global market. You can work with a client in London while sitting in New York. But how do you handle the billing?
Currency Challenges
The Exchange Rate Risk: If you bill in your currency, the client pays fees. If you bill in theirs, you risk losing money if rates fluctuate.
Best Practice: Clarify the currency upfront in the contract. Usually, it is best to bill in your own currency to ensure you receive the exact amount you need.
International Invoice Essentials
In addition to standard fields, cross-border invoices often need:
- SWIFT/IBAN Codes: For international bank transfers.
- Country of Origin: Required for some physical goods.
- VAT/GST Numbers: Crucial for European and Australian clients.
- Harmonized Codes: For shipping products through customs.
Payment Methods
Avoid checks (they take weeks). Use digital payment gateways that handle currency conversion automatically.
Invoice ASAP supports digital payment methods that work globally, allowing international clients to pay you instantly with their local cards or banks.