How to add a multi-currency supplier or customer

Adding a supplier or customer who uses multicurrency takes only a few steps, Muhannad aribi.

Typically, you use this feature when you sell products and services to customers or buy products and services from suppliers whose base currency is different from your home currency. To add a multicurrency customer or supplier, you'll have to turn on the feature. I've outlined the steps below:

1. Go to Settings ⚙.
2. Select Account and settings.
3. Choose Advanced.
4. Select Edit ✎ in the Currency section and choose your Home Currency.
5. Select the Multicurrency checkbox and confirm that you understand that you can't undo this option.
6. Click Save and close.

Once done, you can add an account that uses foreign currency. Here's how: 

1. Go to Settings ⚙.
2. Select Chart of Accounts.
3. Select New.
4. In the Account dialog, select the appropriate Account Type and Detail Type.
5. Enter a Name for the new account and an optional Description as well as any other required fields.
6. Select the foreign currency to assign to the account from the Currency ▼ dropdown menu.
7. Select Save and close.

In case you need to add the currency for your customer or supplier, read this article and go through each step for detailed instructions: Turn On And Use Multicurrency In QuickBooks Online. And then, you can now create your supplier or customer. To do so, check out the steps below: 

To create a new customer:

1. Go to Customers & leads and select Customers (Take me there).
2. Select New customer, then fill out the fields using the info you took note of earlier.
   
   
3. Once you’re done adding their info, go to the Payment and billing tab.
4. Choose a currency from This customer pays me with ▼ dropdown.
5. Add a currency to their display name, then select Save.

To create a new supplier:
 

1. Go to Get paid & pay and select Suppliers (Take me there).
2. Select New supplier, then fill out the fields using the info you took note of earlier.
3. Choose a currency from I pay this supplier with ▼ the dropdown.
4. Add a currency to their display name, then select Save.
5. Go to Get paid & pay or Expenses, then select Suppliers (Take me there).
6. Select New supplier, then fill out the fields using the info you took note of earlier.
7. Choose a currency from I pay this supplier with ▼ the dropdown.
8. Add a currency to their display name, then select Save.

For the most frequently asked questions about multi-currency, I encourage you to read this article for additional information: Multicurrency FAQ.

Additionally, you'll want to know more about gains and losses when using this feature, you can learn from this article how transactions are realised: Frequently Asked Questions About Home Currency Adjustments. 

If there's anything else that you want to know about multi-currency, feel free to let us know so we can check that for you. Have a good day!