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sales-rush-techn
Jul 13, 2022 8:41 PM UTC
Question

How to manage multiple different currency account

I have USD and GBP accounts. However, QBO is considering both accounts as GBP. How can we configured currency setting?

4 replies

ShiellaGraceA
Jul 14, 2022 1:02 AM UTC

Welcome to Community, @sales-rush-techn.

 

I'll share some insight about multicurrency. In QuickBooks, home currency is the currency your business generally use for its transactions. Income and expense accounts always use you home currency. For multicurrency, you will have to add a new account for each different currency that you use in transactions. 

 

In your case, double check the account setting to see the currency. Let me guide you how.

 

  1. Go to Accounting.
  2. Choose Chart of Accountants.
  3. Locate the account and then tap the drop-down and select Edit.
  4. Double-check the currency's account.
  5. Click Save.

 

 

 

For more information about multicurrency, check out these articles below. It has steps and details to guide you.

 

 

Please don't hesitate to reply to this thread if you have other questions or concerns about multicurrency account. I'll be around for you. Take care and have a great day ahead.

sales-rush-technAuthor
Jul 14, 2022 6:03 AM UTC

Hi,

 

Thanks for your guidance here. However, it is not letting me to edit the currency. See attached image. it is a USD account but here in it sticking with baseline currency.Any help here?

 

Fiat Lux - ASIA
Fiat Lux - ASIA
Jul 14, 2022 7:11 AM UTC

@sales-rush-techn 

Which QBO plan do you have? You have to use QBO Essentials or Plus to manage multicurrency transactions.

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