Client in Europe

Accounting
1

Hi,

We have recently completed and invoiced some work for a client in France. They have paid but we’ve had £119.53 taken off the total received which we believe could be bank changes. We’ve not had an invoice from the bank yet, but I was wondering how we can account for the difference as its currently showing as if the client has underpaid by £119.53?

Breakdown of the invoice below

|Invoice Total|£ 5,500.00|
|Paid to Date|£ 5,380.47|
|Balance ( GBP)|£ 119.53|

2

You need to check your bank statement if they are actually bank charges or outcome of currency exchange and record Receipt of balance accordingly.

3

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