Accountant for Windsor businesses

Costs in one currency, revenue often in another

Windsor sits across the river from Detroit, and its manufacturing and logistics base reflects that. Many businesses here bill in United States dollars while paying wages and local costs in Canadian ones, which puts exchange movement directly into the margin.

Recorded casually, that movement hides inside revenue and nobody can tell whether a good year was operations or the dollar. HBT separates exchange gains and losses from trading results so the underlying performance is visible. Where a file needs United States tax filings rather than currency handling, we say so and refer it rather than taking it on.

What a Windsor engagement covers

How the work begins

1. 1

   Step 1: Understand the flows

   Which currency revenue and costs arrive in, and how often.

2. 2

   Step 2: Scope stated honestly

   What HBT does and what it does not, before any paid work.

3. 3

   Step 3: Reported monthly

   Operating performance visible separately from currency movement.

How should a Windsor business handle United States dollar revenue?

Transactions are generally recorded in Canadian dollars using an appropriate exchange rate, with gains and losses on exchange tracked separately from trading results. Keeping them separate matters because otherwise currency movement hides inside revenue and the real operating performance cannot be seen. HBT handles the Canadian side. Where a business needs United States tax returns filed, that sits outside HBT's scope and we say so at the start.