Can I collect money for invoices on another currency bank account other than the product currency as I activate the multicurrency

Thank you for reaching out to the Community, Gamal. I'm here to assist you in collecting money in a different currency.

Please note that we can only record payment received or made using the home currency bank account or the bank account with the currency that matches the invoice/bill. Therefore, if you receive payment for a specific invoice, the currency will apply to what you have set for that particular account.

To facilitate the movement between two different foreign currencies, we'll have to create a new dummy bank account in the home currency. After that, we will be able to record the payment of the foreign invoice. Here are the steps to follow:

1. Select Receive Payment.
2. Set the Deposit To field to the Dummy Bank account.
3. Before saving the transaction, take note of the home currency amount displayed at the bottom right.

I also suggest reaching out to your accountant for advice on how to manage exchange rates. Check out this article for more information about Multi-currency: Multi-currency FAQ

For future reference, visit this article if you want QuickBooks to automatically process your customer payments and categorize them into the correct accounts: Record invoice payments in QuickBooks Online.

This thread is always open for your updates and for more multi currency and any QuickBooks-related queries. The Community is available 24/7 to assist you. Stay safe.