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davidousz
September 22, 2022
Question

The exchange rate is set on market rate. Fthe record in Account History is different from that in Run Report.

  • September 22, 2022
  • 1 reply
  • 0 views
There are two ways to check the records in a foreign currency account. To run report, which is shown in home currency and to see Account History, which is shown in foreign currency. However, the records do not match each other which cannot be explained by differences in exchange rate.  Is there any setting wrong?

1 reply

Angelyn_T
Angelyn_T
September 22, 2022

Hi, David. I've got you covered about foreign currency entries.

 

You don't need to change anything from your account settings. QuickBooks sets your reports to display your transactions in home currency. The good news is that you can still match your records since the account history shows you both the home and foreign currency amounts. 

 

From the bank register, you can see your transactions in foreign currency under the Foreign Currency Exchange Rate, and home currency under Payment and Deposit.

 

I'm adding these screenshots for your visual reference.

 

 

For more tips while handling foreign currency transactions in QuickBooks, you can check out these articles:

 

 

If you need more hints while customizing your reports, you can also read through this link: Run reports in QuickBooks Online. The same resources give you insights on how to print, email, and export your QBO reports.

 

Please let me know if you have additional questions about foreign currency transactions. I'll be here to help. Have a good one!

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