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August 4, 2021
Question

Do anyone have a work around to change the home currency on QB?

  • August 4, 2021
  • 2 replies
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2 replies

August 4, 2021

Thanks for posting here today, @janlabuschagne68.

 

I have some information about changing the home currency. Once you've already turned on multicurrency and selected a home currency, you're unable to change it. The system does this so it won't mess up your books. 

 

However, I have several options for you. You can either purge your company or cancel and subscribe. Let me guide you how.

 

If your QuickBooks account is less than 60 days, you can purge your company so you can change the home currency. Below are the steps.

 

  1. Go to the homepage: https://c34.qbo.intuit.com/app/homepage.
  2. Replace /homepage with /purgecompany. See the image below.
  3. It will take you to the next screen. When asked, type Yes, then click OK
  4. Proceed with the data purge. 

 

 

 

 

For an old subscription, you have the option to cancel it and subscribe to a new one with a different home currency. Here's how: 

 

  1. Go to Gear, then choose Account and settings.
  2. Select the Billing & Subscription tab. 
  3. In the QuickBooks section, click Cancel subscription.

 

After canceling, sign up for a new one. Then, change the home currency and turn on your Multicurrency. For details about Multicurrency, check out this article: Turn on and use multicurrency.

 

 

Additionally, here's a link that covers all the tasks you can do when using QuickBooks Online. Just look for a topic that'll fit your concern.

 

 

If you still have questions or concerns with your home currency, please drop them anytime below and I'll be happy to assist you. Take care and have a great day ahead.

November 6, 2023

Hello! I want to change my home currency. I have the multi currency mode on.

You say that the only option is to cancel the old subscription and make a new subscription.

Is it so? The old data will be lost then? 

Fiat Lux - ASIA
November 6, 2023

@Janna Safo 

Let me guess. You were using QB Desktop UK version and have converted your data to QBO UK version with GBP as the home currency, correct? Cmiiw.

 

Fiat Lux - ASIA
August 5, 2021

@janlabuschagne68 

Just to clarify your query. Are you using QBO South Africa version? If your company is located in South Africa, why do you need to change your home currency (i.e Rand) ?