Quote:
Originally posted by Monk@May 24 2003, 04:06 PM
I think gig was just saying that it is incorrect to think of your exchange loss in terms of your gross revenues.
If you do want to think of it that way, then you need to back out a number for the exchange gain on your expenses
...or just think of it as an exchange loss on your net income.
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Yes, exactly Monk....but CJ is right in that if the USdollar is never exchanged in the first place (ie: it sits in a US account and US checks are written out of that acct) it wouldn't matter.
But because I do exchange the $ and stick it on my Visa I am definitely saving money on expenses.
When the US$ goes back up, I'll definitely have to look into a US Visa dammit! Not sure why I didn't think of it before now...lol.
Geez, I HATE economics!!!! haha