- When you create a business in Balabook a currency will be recommended based on your business location. To change the currency, click Change this during setup.
- Your selected currency becomes the default for your business and cannot be changed once set.
Why Can’t Business Currency be Changed?
Small businesses generally report income and pay taxes in their domestic currency. If you relocate to another country, you are starting a new business. While your operations and clients may remain the same, the tax obligations and currency used are different.
If you move your business to another country, create a new business in Balabbok. To ensure proper compliance, consult an accountant in your original country and your new country.
