Domestic and foreign account

[jane_liang]

Hi experts,

What is the purpose of the separation of the domestic and foreign revenue/COGS accounts? We have foreign customers/vendors, but all our transactions are in USD. Is it necessary for us to separate them?

Thanks,

Jane

[Former Member · Accepted solution]

Hi Jane,

It is not mandatory to separate the domestic and foreign revenue/COGS accounts. The reason to separate is mainly due to business or legal requirements.

If all of your transactions are in USD, it is not necessary for you to separate them.

Thanks,

Gordon

[jane_liang · Accepted solution]

Thank you Gordon!