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Oct 19, 2024 1:33 AM UTC
Question

I am setting up the QBO. The company has a CND and a USD bank account. Do I need to setup multi currency to record the transfer of funds between the 2?

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1 reply

MaximumBookkeeping
Oct 21, 2024 12:38 PM UTC

Having the multi-currency is the easiest option if you are not well versed in accounting.

 

I know it can be a bit expensive but it will make the life easier.

 

Hope it helps.

Prachi Joshi