Creating a foreign currency stock item: "Transactions can have only one foreign currency at a time"
I am new to QuickBooks Online, using QBO Plus.
I want to set up "Stock Items" in several currencies. I am accustomed to doing so, when using QB Desktop ( a very old version!).
When I try to set up the item, I specify a Income Account (for sales of the item), a COGS Account, and a stock account. When specifying the stock account, I am of course required to specify the currency. I specify USD. When I try to complete the process, I get the following error message:
"Transactions can have only one foreign currency at a time."
Note: I am merely setting up the item. I have not yet attempted to record a transaction. In this context, the reference to a "transaction" makes no sense. More generally, I am sure I am approaching the Stock Item set-up process much as I did when using Desktop QuickBooks.
Any advice?
