International Invoicing: Manage Multiple Currencies Easily
If you work with foreign clients, multi-currency management is essential to simplify your transactions and remain compliant.
Why Invoice in Client's Currency
Advantages for Your Client
- Price transparency (no conversion surprise)
- Simplified payment (in their own bank)
- Better experience
Advantages for You
- Increased competitiveness against local competitors
- Reduced non-payment risk
- Professional image
Most Used Currencies in Switzerland
- CHF (Swiss Franc) – base currency
- EUR (Euro) – EU clients
- USD (US Dollar) – US/international clients
- GBP (Pound Sterling) – UK clients
ToBill supports 30+ international currencies.
How It Works with ToBill
1. Define Your Prices per Currency
- Item A: CHF 100 / EUR 90 / USD 110
- Or automatic conversion at daily rate
2. Create Invoice in Desired Currency
- Select client and their preferred currency
- ToBill generates invoice in this currency
- Adapted QR-invoice (IBAN in CHF, EUR or USD depending on your bank)
3. Automatic Conversion to CHF for Accounting
- Use of exchange rate on invoicing date
- Or on collection date (depending on accounting method)
- CHF recording for tax declaration
Exchange Rate Management
Automatic Update
- Real market rates (source: Swiss National Bank)
- Daily update
- Rate history preserved
Accounting Methods
- Rate on invoicing date (recommended method)
- Rate on collection date (if significant exchange risk)
Exchange Differences
- Gain or loss depending on variation between invoicing and payment
- Automatic accounting recording
- Tax impact (deductible if loss, taxable if gain)
Multi-Currency Bank Accounts
Recommendation: open foreign currency accounts
- UBS, Credit Suisse, PostFinance offer EUR/USD accounts
- Neobanks (Wise, Revolut Business): reduced fees
- Local IBAN facilitates client payments
ToBill manages multiple IBANs:
- CHF IBAN for CHF invoices
- EUR IBAN for EUR invoices
- USD IBAN for USD invoices
- QR-code automatically adapted
VAT on International Invoices
EU exports (B2B)
- Swiss VAT not applicable (Art. 23 LTVA)
- Mention "Reverse charge"
- Client's EU VAT number required
EU exports (B2C)
- Swiss VAT applicable if shipped from Switzerland
- Or local VAT if delivery abroad
Outside EU
- Generally no VAT
- Verify specific regulations per country
Optimization Tips
✅ Offer payment in client currency: increases conversion
✅ Use neobanks: reduce conversion fees
✅ Invoice in major currency: EUR/USD preferred
✅ Hedge exchange risk: forward contracts for large amounts
ToBill simplifies your international invoicing and keeps you compliant.