We have invoice in A/r and A/p the needs to offset but they are from different currency how to proceed

Hello there, kcandido.

A clearing account is used to move money from one account to another without moving it directly. This is like a holding account that holds your fund until you’re ready to move it.

This account is also called a Barter or Wash Account that has a balance of $0.00 because we always take out the amount we put in. Also, you won’t have to reconcile this account as this doesn’t hold any funds. You'll need to create a temporary clearing account to offset your AR against AP , just follow the steps below: 

1. Go to Accounting on the left-side panel.
2. Select Chart of Accounts.
3. On the Chart of Accounts screen, tick the New tab.
4. In the Account Type choose Bank.
5. Select a list on the Detail Type you want for your clearing account.
6. Type in the Name for the clearing account.
7. Make sure you do not type in any amount on the balance before pressing Save and Close.

Once done, you can now use this barter account to record the transactions. For detailed steps, you can go through this article: Set up a clearing account .

I also suggest consulting your accountant for guidance on which account to use for debits and credits. This is to ensure your transactions are properly tracked in the program. 

Once everything is settled, you might want to read this link that serves as your guide in reconciling your accounts effectively: Reconcile an account in QuickBooks Online

Reach out to me if you need further assistance about your A/R and A/P QuickBooks Online. I'm always here to help.