Can you help me with capturing o/b in forex. My base currency is Dirhms. But if we are capturing opening balances in Dirhms and makes pmnt frm Euro/USD it gives error.

Good to see you here, finance-uae-cata.

I can share some information about receiving payment in other currencies in QuickBooks Online (QBO).

We can only save one home and one foreign currency each transaction.  We’ll first have to create a new dummy bank account in the home currency to facilitate the movement between 2 different foreign currencies.

Here's how:

1. Go to the Gear icon, then select Chart of Accounts
2. Select New
3. Under the Account Type column, select Cash and cash equivalent. Under the Detail Type column, pick Cash on hand. And under the Name column, type in Dummy Bank
4. Before saving and closing, make sure that it is set to your home currency (for example Euro or whatever is your home currency).

You can check out this article for more tips about managing multi-currency transactions in QuickBooks Online: Receiving and making payment for a foreign invoice/ bill with a foreign currency

I've also got these helpful articles for future reference:

• Turn on and use multicurrency
• Assign a foreign currency or multicurrency to a customer

Let me know if you have follow-up questions or clarifications about receiving payments in other currencies in QBO. I'll be here to assist you right away. Take care and stay safe.