Dear Experts,
I have a query regarding the foreign exchange transaction booking.

We pay a vendor in the US in US dollars as an advance payment (Advance for 3 months work) for the services they will provide us in the coming months.
They send us the invoice monthly and the exchange rate is different so advance cannot be fully settled with the invoice they send us.

My question is how can we settle the advance payment with the invoices they send us as they send us a monthly invoice and the advance payment is done 3 months advance.
Should we settle it at the end of the year or every month or every 3 months using foreign exchange gain/loss account?

Many thanks in advance.

Regards,
Santosh

sir,
what is the difference between book keeping accounting and cloud accounting.

Dear Sir
One Advice Required For Accounting .
Our One Client Is making Transaction With Same Party For Receiving Of One Services And Providing Of another Services.
the Account For Receipt Or Payment Are Settled Monthly Basis .

Client Wants To Raise /Receive invoices For Net Amount After Adjusting Revenue for Providing service and Expenditure For Receiving of Services And Settele the Account .
Can LLP Do So Or Not ?
Please Advice As Per Accounting protocol As Well As Taxation Norms .

Dear Sir ,

I want to ask member and shareholder are the same term . we can use this words interchangeably . Secondly- COmapany can take loan or give loan to outsider .


REgards

Dear Sir,

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Dear Sir ,
Humari Company Dholera me Earth Filling ka work karti hai. Hum apne vehicle aur sub contractor ke vehilce ke liyh diesel purchase karte hai bharat petroleum say too tally me iski kya entry hogi diesel company me current assest me show kar skte hai kya humare vehicle me use hone wale diesel ko diesel expenses me show kar dete hai aur sub contractor ko diesel ka debit note provide kar dete hai jitna ltr diesel contractor ne liya usko invoice ke against adjust kar lete hai payment ke time.
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Assess how to maintained procedure accounting records(separately) above mentioned three services