In an traditional setup, a supplier would send one invoice to a company's global HQ. Then the financial controller of the organisation would have to break down and reallocate the costs to their local subsidiaries and business units.
Gelato gives you the possibility to choose whether to have the invoices sent to your HQ or to the different local offices you have around the globe.
The latter option is possible using the billing entity setup in your Gelato account. Currently, Gelato offers local billing entities in 45+ countries and in 27 currencies. Because of limitation by local governance rules, Brazil, India, China, Chile need locally managed invoicing.
Note: The total price of an order, in the selected currency, will be the same amount Gelato is billing to the selected Billing Entity. This means, there is no price conversion, the amount and currency selected while placing the order will be what is invoiced.
Please find below the currently available billing / invoicing countries with default currency option:
|Republic of Ireland||EUR|
|United Arab Emirates||EUR|