Multi Currency

Welcome to the Community forum, @9130354932700086.

I can provide information about how the Multicurrency feature works in QuickBooks Online (QBO).

Once you turn on Multicurrency, it allows you to pay and get paid in the foreign currencies of customers, vendors, or bank accounts that don't use your home currency. Before using it, there are things that you need to check. These are the following:

• Once Multicurrency is on, you can no longer turn it off because the currency conversion information will have to be accounted for in the system moving forward. 
• If you connect QuickBooks Commerce with QuickBooks Online, multicurrency won’t work.
• Turning on multicurrency will inactivate the cash flow planner in QuickBooks Online.

To learn more about the Multicurrency feature, see this article: Set up and use multicurrency in QuickBooks Online.

In addition, you may need to make home currency adjustments when using the multicurrency feature. This article will guide you through the process: Frequently Asked Questions about Home Currency Adjustments.

Feel free to comment below if you have other concerns or questions. I’ll get back to make sure you’re taken care of. Wishing your business continued success.