help with foreign currency transaction


A

Alain

Good evening all,

I run a small canadian business online and i list products in both US and
Canadian currency. I am also using Paypal for payment but the funds are
drawn in US currency.

My question is if someone buys a product in US currency in order to
properly reflect my monthly income report should i convert the us amount
to canadian currency for accounting purposes and to get a more realistic
view of my profit and loss

Alain
 

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