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itravel
January 10, 2023
Question

Add USD Account to Chart of Accounts, Other Current Liability

  • January 10, 2023
  • 1 reply
  • 0 views

Hello,

 

We are a Canadian company that mostly deals in CAD. We do however have some suppliers located in the USA. We need to set up these folks under our Chart of Accounts > Other Current Liability as USD Accounts, however, QB doesn't give a currency option. We have multi-currency enabled, so I'm not quite sure why we are unable to set the currency at the account level. Any help would be appreciated. Thank you!

1 reply

T
Trish_T
January 10, 2023

Hi itravel,

 

Welcome to Community!  QuickBooks Desktop Multicurrency feature enables you to customers, suppliers and bank accounts.  I'd be glad to assist!

 

Currencies can be assigned to certain account types such as, Bank, Credit Card, Accounts Receivable and Accounts Payable.   QuickBooks will automatically create a separate account for each currency as you create transactions, based on the currency assigned to your customers or suppliers.  Here's a helpful guide to assist with adding foreign-currency accounts in QuickBooks Desktop.

 

If you have any other questions, please don't hesitate to reach back out.  We'd be happy to help!

 

 

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