Can you pay a vendor in a currency other than the invoice currency?

It is possible for sure to do a manual payment (initiated outside the system, e.g. in homebanking directly) and match it on booking in mixed payment with invoice in any currency.

Are there currency controls in China?

In China, companies, banks, and individuals must comply with a “closed” capital account policy. This means that money cannot be freely moved into or out of the country unless it abides by strict foreign exchange rules.

How do you send an invoice to another currency?

When you create an invoice, you will notice the currency under the customer’s name….Here’s how:

1. Go to the Gear icon.
2. Select Company Settings.
3. Select Advanced.
4. Click Currency.
5. Check the box labelled Multicurrency to turn this feature on.
6. Click Save.

Should I pay in foreign currency or USD?

Always select local currency. The rate will be significantly closer to the official market rate. If a bank teller or shop owner or waiter tries to convince you to pay using your home currency do not agree — insist on local currency.

What is a FX payment?

FX PAYMENT means a payment made on the basis of an Order to transfer, from an internal account of the Bank, the funds purchased at an agreed exchange rate under a separate contract covering the trading in financial markets entered into by the Bank and the Client.

Can Indian company issue invoice in foreign currency?

Yes, but the payment is to be received in INR.

What does an invoice need to have to be legal?

2. Legal information

• a unique identification number.
• your business name, address and contact information.
• the business name and address of the customer you’re invoicing.
• a clear description of what you’re charging for.
• the date you provided the goods or services (which is also known as the supply date)