Accounting inquiry – UK LTD Business

Hi folks, I decided to formalize my tiny hosting and came across a kind of pickle. Before hiring an actual accountant, someone may be able to give helpful advice here:

  • I have a LTD company in the UK with a UK GBP bank account. Everything I pay for will be debited from this account in GBP.
  • I bought my hosting from a Dutch company that charges me EUR.
  • I use WHMCS to bill my customers who pay me in EUR. I bought Edge-Hosting Addon to sync with Xero.
  • I use Stripe for payment processing, which accepts payment in EUR, converts to GBP and pays my GBP account (fees are charged in GBP).
  • I buy my domains from OpenProviders who charge me EUR.
  • I use Xero for accounting because it supports my bank feeds and multiple currencies.
  • I am a VAT payer and already noted in my MTD VAT return …

I'm trying to reconcile all this mess with multiple currencies, but I'm having problems: Edge Hosting has now refunded me the WHMCS plug-in, as there is no obvious way to get the EUR bills generated by WHMCS with those received from Stripe To reconcile GBP transactions.

Is there a way out of the madness that I created for myself? Any advice for hosters who work in multiple currencies?

Many Thanks!

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– Managed and scalable – Immediate RDP VPS upgrades – CPU, RAM, etc.
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Qhoster payment options:

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Shared Hosting and VPS Discount – CR2QS5B85D 30% DISCOUNT! (Applies to billing cycles of 6, 12, 24, 36 months)

VPS and Dedicated Server Discount – GHR8WY5P4P Personal coupon over 50 USD
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Billing period: 6 months, 12 months, 24 months, 36 months.

More information about the payment options can be found here:
http://www.qhoster.com/payment-methods.html

Windows RDP VPS

– Managed and scalable – Immediate RDP VPS upgrades – CPU, RAM, etc.
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1 Gbps Internet connection
1 IP (additional 40 IPs)
price 63.96 USD / month
ORDER HERE

Windows KVM server

Windows RDP VPS – KVM 1
1.5 GB dedicated memory
60 GB hard disk space
1000 GB bandwidth
Administrator RDP access
1 IP address
Windows Server 2008/2012/2016
$ 24.95 / m
ORDER HERE

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3 GB of dedicated storage
120 GB of hard disk space
2000 GB bandwidth
Administrator RDP access
1 IP address
Windows Server 2008/2012/2016
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ORDER HERE

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Have questions?
Feel free to contact us:
https://www.qhoster.com/clients/subm…tep=2&deptid=1

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