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April 16, 2021
Question

Multicurrency for same client

  • April 16, 2021
  • 2 replies
  • 0 views

We have client some time pay in USA account and some time pay JOD account 

how we can use 2 currency for same client and change it as per where he pay to us in USA account or JOD account ?? and we try to solve it by add the amount to USD account but he already paid in JOD account  so the bank statement will be no correct 

2 replies

Fiat Lux - ASIA
April 16, 2021

One client id is set for one currency. Do you wish to keep accepting payment in JOD or not? You may consider a workaround to let your customer pay in JOD and you get paid in USD.

IamjuViel
April 16, 2021

Greetings, @twin Island.

 

You can enable the multi-currency feature in your QuickBooks account. I can walk you through on how to do it.

 

First, here's how to enable multi-currency:

  1. Go to the Gear icon⚙️.
  2. Select Account and Settings.
  3. Choose the Advanced menu.
  4. Click Edit ✎ in the Currency section and choose your Home Currency
  5. Toggle on the Multicurrency radio button.
  6. Mark the I understand I can't undo Multicurrency tick box.
  7. Select Save. 

 

Once completed, make sure to add the JOD currency to your QuickBooks account. 

  1. Hover to the Gear icon ⚙️.
  2. Select Currencies.
  3. Click the Add currency button.
  4. Locate the JOD currency from the Add Currency ▼ drop-down.
  5. Choose Add.

 

Now, you can assign a specific currency to your clients. This way, you'd be able to record your transaction in the currency they pay you. Here's how:

  1. From the left menu, select Sales menu.
  2. Choose the Customer tab. 
  3. Select the New customer button.
  4. In the Customer information window, fill out the needed information.
  5. Select Payment and billing.
  6. In This customer pays me with field, select the customer's currency.  
  7. Click Save.  

 

Lastly, you can create a dummy account and assign JOD as its currency. By doing this, you can use it in recording your client's payments.

 

 

You can read through these articles to learn more about using the multi-currency features:

Get back to us here if you have other questions or concerns. I'm always here to help.

October 4, 2024

@IamjuViel I'm pretty sure your answer does not answer @Twin Island  's question. They're not asking to set a client up in a different currency ONLY, but to set up ONE client with more than one currency assigned to them.

 

For example, if "Customer A" sometimes pays in USD and sometimes pays in EUR, we'd like to know if we can assign the two currencies to the same "Customer A", instead of having to create two customer profiles such as "Customer A - USD" and "Customer A - EUR".

 

My understanding is that the solution I mentioned, that of having one customer profile in QBO accepting multiple currencies, is not possible. Is this the case?

October 4, 2024

Is this the case?

 

Yes. One profile is for one currency.