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AnnemarievanDuinen
August 22, 2022
Solved

currency

  • August 22, 2022
  • 2 replies
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Sierra Leone is going through a redonomation of their currency. 
The current Le 1000 is goin to equal 1 leone in the new currency. So they are taking away 000. It is going to be challenging to make this change also in our accounts and in Quick Books. Should we keep the old leone in QB until 31-12-2022? Or should we work in 2 currencies in QB? Or something else? I don't know. Your advice is greatly appreciated. Will you include the new leone as a new currency in Quickbooks?
Best answer by JonpriL

Hi there, @AnnemarievanDuinen.

 

I'm here to help share insights about the details of your currency in QuickBooks Online.

 

As of the moment, there isn't an integrated way to work on two figures of the same currency when a redenomination is made. Therefore, I suggest contacting your accountant for guidance if you need to keep your account or start a new one while working with the changes in your currency in QuickBooks.

 

Rest assured our developers are constantly taking in the voices of our customers, like you, to ensure you got the best experience while keeping your business growing with us. While the option is not yet available, I recommend getting in touch and letting our product developers know about this by sending a request via feedback. I'll show you how.

 

  1. Go to the Gear icon.
  2. Under Profile, select Feedback.
  3. Describe how changing the figures of your currency helps your business in QuickBooks.
  4. Select Next.
  5. Click Skip and send message.

 

For now, I'm including our Customer Feedback for QuickBooks Online page to track the status of your request and get the latest updates from our developer team. Updates such as how the recent enhancement made to QBO helps our business owners, like you.

 

It'll always be my pleasure to help if you've got other questions aside from working with multicurrency in QuickBooks. Use the Reply button and leave your comment below so that I, @JonpriL, can assist you further. Take care always and stay safe!

2 replies

Fiat Lux - ASIA
Fiat Lux - ASIA
August 22, 2022

I'm not sure Intuit will keep both currencies at the same time. I would recommend signing up for a new QBO Global account for Sierra Leone to manage any transactions with your new currency and keep your old account for the time being.

https://quickbooks.grsm.io/Africa

 

J
JonpriLAnswer
August 22, 2022

Hi there, @AnnemarievanDuinen.

 

I'm here to help share insights about the details of your currency in QuickBooks Online.

 

As of the moment, there isn't an integrated way to work on two figures of the same currency when a redenomination is made. Therefore, I suggest contacting your accountant for guidance if you need to keep your account or start a new one while working with the changes in your currency in QuickBooks.

 

Rest assured our developers are constantly taking in the voices of our customers, like you, to ensure you got the best experience while keeping your business growing with us. While the option is not yet available, I recommend getting in touch and letting our product developers know about this by sending a request via feedback. I'll show you how.

 

  1. Go to the Gear icon.
  2. Under Profile, select Feedback.
  3. Describe how changing the figures of your currency helps your business in QuickBooks.
  4. Select Next.
  5. Click Skip and send message.

 

For now, I'm including our Customer Feedback for QuickBooks Online page to track the status of your request and get the latest updates from our developer team. Updates such as how the recent enhancement made to QBO helps our business owners, like you.

 

It'll always be my pleasure to help if you've got other questions aside from working with multicurrency in QuickBooks. Use the Reply button and leave your comment below so that I, @JonpriL, can assist you further. Take care always and stay safe!

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