4 - REPORTING OF EXPENSES IN CURRENCY OTHER THAN EURO

Among the expenses to be reported in SIU we incurred in travel costs paid in a currency other than euro and already reimbursed in national currency to one of our employees. Shall we use the exchange rate as indicated by the Programme also for these expenses, that have already been converted in euro? This may cause problems in the accountancy of our Organization.

No,the exchange rate indicated by the Programme and stated in FAQ n. 1 has to be used only when the expenses have been incurred by the Partner Organization in a currency other than euro (i.e., in this case, only if the currency used to reimburse the employee is not euro). In any case the Partner Organization will have to provide its FLC with the calculations made and the exchange rate applied to the expenses reimbursed, in the case above, to its staff.