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Bonnie107
February 10, 2023
Question

Multicurrency and Connecting Bank

  • February 10, 2023
  • 1 reply
  • 0 views

Why are users forced to turn on multi-currency when they are not working in multi-currency?  In my case, I am in Canada, work in Canadian dollars, no foreign currency, but I am asked to turn it on in order to connect my bank.  Is this for all users outside of the US?

1 reply

T
Trish_T
February 10, 2023

Hi Bonnie107,

 

Thanks for reaching out here.  Welcome!  In QuickBooks Online, the option to add multicurrency is a great way to record transactions and accurately apply the associated exchange rates, making your account reconciliations a breeze.  However, if you prefer not to activate multicurrency in QuickBooks Online, you can also manually add an account to your chart of accounts and set the currency there. 

 

Please feel free to reach back out, if you have other questions.  We're always happy to help!

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