Potential savings from booking FX rates early
Imagine the world where hotels or airlines only allow you to buy their services when you're about to use them and room rates or ticket prices fluctuate all the time. Otherwise pleasant anticipation...
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Foreign currency gains and losses in Xero explained
Whenever you do business with overseas suppliers or buyers, you will likely buy or sell goods or services in foreign currencies. Such foreign invoices and payments usually result in a real financial...
Growing your business like bamboo
If growing your business overseas is on your key priority list, then we need to talk about bamboos. Why? They grow quickly and resiliently. Two values we're sure you'd like for your own business. In...
International trade toolkit for SMEs: how to win with fintech
Last week, our co-founder Neh Thaker was invited to discuss how the UK SMEs could start winning with fintech as part of the toolkit launch by the Confederation of British Industry (CBI) and Finastra.
Why are international payments still broken for SMEs?
Regulators have been pushing for more fairness and transparency, and new players and technologies have driven the costs of international payments down for retail and corporate clients. However,...
International finances: the 4 most common problems we heard SMEs faced in 2022
It’s that time of the year again when we all look back and reflect on the lessons learnt. Although there are probably many things to summarise in a simple blog post, we believe these four headlines...
International payments fraud: what you need to know
“What do you mean you did not get our payment?!” Your heart sinks as you realise you may have been a victim of payment fraud. This faceless crime affects thousands of individuals and businesses in...
Foreign invoices and receipts in Pound Sterling
Send invoices in Pounds Sterling, get paid by overseas customers in their currency, and forget about messy reconciliations.
The cost of doing business across borders
Few small businesses and their accountants proactively manage the costs of doing business internationally. Some turn to fintechs such as Wise, WorldFirst and Airwallex to reduce the costs of...
How to trade internationally and run your business in one currency
If doing business in one currency sounds like a dream, you're not alone. Trading internationally as a small business can seem complicated, unclear and even risky. In this blog article, we explore why...