Can the currency of a supplier be changed to a different one once bills are processed? I have a supplier who was billing in CAD but now wants to bill in USD.

Hi there, 

Conducting business with clients outside of Canada can be a normal part of running a company. QuickBooks Online Essentials and Plus offers multicurrency capabilities that will help you record transactions in foreign amounts. I'd be happy to explain what to do if you need to change the currency of one of your suppliers. 

You can assign a currency to most types of accounts, including customers, suppliers, bank and credit card accounts, accounts receivable, and accounts payable. You can only assign one currency to each account or contact name, and you have to add a new account for each different currency that you will use in transactions.

Once your supplier has been set up in QBO, you're unable to change their currency regardless of whether or not you've created transactions for them yet. If your supplier wants to bill you in a different currency, you'll have to set them up as a new supplier.

Keep in mind that the system won't allow you to create a second supplier with the same name, so you'll have to make a slight adjustment to the display name (e.g. Supplier CAD vs. Supplier USD). 

To make a new supplier, click the Expenses tab > Suppliers > New Supplier. 

To make your current supplier inactive, click the Expenses tab > Suppliers > click the drop-down menu under the Action column > select Make Inactive. 

That's all there is to it. I hope this helps get you back on track. If you have any other questions, please don't hesitate to reach out to our tech support team.

Have a great day.

@Michael106 

As another option, explore this 3rd party app. You may release invoice and get paid in CAD, and your customer in the US pays in USD. It supports QBO.

https://veem.grsm.io/veems