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January 22, 2021
Question

A transaction paid in $ at the bank is appearing in the banking section in £. How can I account for this in QB?

  • January 22, 2021
  • 1 reply
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1 reply

Pabz_L
January 22, 2021

I’ll show you how to record a transaction in QuickBooks using multicurrency, @niamosideas.

 

With QuickBooks Online, you can keep track and record transactions in foreign currency. To do this, the Multicurrency feature has to be turned on to receive and make payment

 

To add a transaction, you can follow the steps below:

 

1. Open the transaction details and select Add.

2. In the currency fields, enter the Foreign amount or the Exchange rate your bank provides.

QuickBooks Online calculates the total, and the Bank Description or Detail fields display the transaction as your bank displayed it on your statement, usually with the amount and currency.

 

Here’s an article that will give you additional information about multicurrency in QuickBooks Online: 

 

 

If there’s anything else I can help you with, please don't hesitate to let me know by commenting below. I’m always here to assist you further. Take care and stay safe always!