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cwb01
February 13, 2024
Question

Invoicing in USD

  • February 13, 2024
  • 1 reply
  • 0 views

We sell products to customers in Canada and the US. For US customers, we reduce the C$ price, but do not want it converted at QBO's exchange rate, rather we want to discount the C$ price by a fixed amount. For example, if the price is C$1000, and FX is $1.35, we don't want to charge US$740.74, but rather US$800 (i.e. a 20% discount from the C$ price). Is there a way to do this within QBO for each item or invoice?

1 reply

A
Alex M
February 13, 2024

Hi there cwb01,

 

Thanks for reaching out about your exchange rates. QuickBooks Online is a great tool able to help you create and send invoices to your customers. I can provide some information about exchange rates.

 

When creating a transaction in USD, you can edit the exchange rate to a custom number so the invoice total matches the amount you want instead of the exchange rate provided automatically by the system. To do this when creating a transaction with a foreign currency, click on the exchange rate shown to edit the amount so that the invoice total is the amount wished.

 

If you have any other questions, feel free to reach out here.

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