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George751
September 29, 2022
Question

There is a major bug in Quickbooks Enterprise Desktop when using multi-currency accounts

  • September 29, 2022
  • 1 reply
  • 0 views

I have two currencies USD and EUR in QB Enterprise Desktop version, the EUR is the preferred one so Balance Sheet comes out in EUR, i discovered a bug in the program, as when i try to create an assembly inventory item, in the BOM if i use parts from USD suppliers then it will keep them in USD and will not exchange them in EUR.

In other words, when i enter a bill from a supplier in USD, the software automatically exchanges the total and it shows up in the P&L as EUR exchanged, which is correct, and even when i try to sell directly one of the items in the bill, it shows as EUR exchanged in P&L...so until now everything is correct.

However, if you put this item in a BOM of an assembly inventory item, the price of this article will remain in USD and when you sell the assembly item it will remain in USD value, this is a big problem.

What should i do? remove the USD bank account and create a USD equivalent in EUR, and delete all the bills from USD suppliers and recreate their accounts in EUR and keep everything in EUR for this?

This is a lot of work and i am so worried to do that...please help!

1 reply

J
jamespaul
September 29, 2022

Hello, George751.

 

Thanks for getting back to us. Before we go with your option, I have some questions for you regarding the currency issue. 

 

I'd like to help out but I need more details regarding the USD issue. On what page did you see the BOM in USD amount? Is it on the Inventory Information page? Or is it on a certain report? 

 

More details would definitely help me come up with a resolution and some explanation regarding the problem. 

 

Looking forward to your reply. 

G
George751Author
September 30, 2022

When you create an inventory assembly there is the BOM that you need to add, i add the articles that i purchased in euro and then when i add the usd ones they stay in usd and the BOM total value is just the sum of both, which is wrong, in this case the USD should be exchanged into Euros as it is my preferred currency.

Then to confirm that i try to sell this assembly and the cost of goods on the P&L still results as the USD, that is also wrong.

I am thinking to cancel restart all over again the whole things since i started last year and enter the USD as USD equivalent in EUR...THIS IS A MAJOR BUG IN QB!!!!

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