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mzavala0709
June 27, 2024
Question

Paying a Vendor in CAD with a USD checking account

  • June 27, 2024
  • 1 reply
  • 0 views

Hi,

 

I need to create checks to pay a vendor in CAD. We have a US checking account. The vendor's currency is already set up in CAD. How can I ensure that the vendor will receive the correct amount in CAD.

1 reply

T
Trish_T
June 27, 2024

Hello mzavala0709,

 

Welcome to Community!  Recording your bill payments in QuickBooks Online ensures a positive outcome on your books.  I would be glad to assist!

 

When you have multicurrency turned on, QuickBooks calculates the exchange rates for you.  You can set the default currency to your customers and suppliers, when you initially add them.  The option won't be available if you need to edit their profile.  In this situation, you can enter the supplier as 'new' and add an identifier to the last name, such as (USD).  When you create your transaction, the exchange rate will be visible, and will be calculated to show the Total (USD) and Total (CAD).

 

Should you require additional assistance, please don't hesitate to contact our Customer Care team at 1-855-253-1536 from Monday to Friday between the hours of 9 AM and 8 PM EST.  

 

If you have any other questions, touch base with us again.  We would be happy to help!

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