IF,I have 3 accounts, one in USD,Euro n AED. I transfer in my bank from USD to AED.BUT ITS SHOWING ERROR LIKE ""Transactions can have only one foreign currency at a time?

Thanks for posting this concern in the QuickBooks Community, @useraccounts30,

Recording Multi-currency transactions is essential to help businesses get the most accurate information on financial reports during the Fiscal Year.

When you record multi-currency transactions in QuickBooks, it will take a few steps to do. You will need a wash account for this since the system only allows you to assign one currency at a time for each transfer.

To create a clearing or wash account, use these steps:

1. Go to the Accounting menu and select New.
2. Choose Bank.
3. Pick Cash on Hand for the Detail Type.
4. Use USD United States Dollar for the currency, then hit Save and Close.
   

Once done, transfer the amount in the USD account to the clearing account. Here's how:

1. Go to the + New icon and select Transfer.
2. Choose the actual USD account you received the money from and the wash account.
3. Enter the amounts (1000USD).
4. Click Save and close.
   

Once you've zeroed out the USD account, create another transfer from the wash account into the GBP account this time. Do this to increase the balance in the United Kingdom bank. See this:

If you want to transfer the balance from GBP to EUR, use the transfer option again. But this time, use GBP to the Cash on hand account, then from Cash on hand to EUR.

In addition, here's are a few articles you can read to learn more about recording Multi-currency transfers:

• How to Use Foreign Currency Transfers With Bank Feeds in QuickBooks Online
• Transfer funds from a bank to a credit card account
• Transfer funds between accounts

Let me know if you have additional questions about this. I'll be right here to help you anytime. Have a good one!