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Faheem Bial
Feb 16, 2021 1:04 AM UTC
Solved

Present Profit & Loss In Multiple Currencies

Hey!

I am using the "Costa Rica " version of QBO and my function(business) currency is Colones. I have Bank accounts in USD & Colone's currency.

Question:

Is it possible to present the Profit & Loss statement in both USD & Colones Currencies in QBO?

 

Thanks

JessT
JessTAnswer
Feb 16, 2021 2:32 AM UTC

Hello Faheem Bial!

 

Your Profit and Loss report will only show the transactions in your home currency. I'll explain why.

 

Your income and expenses are always presented in your home currency even if you have transactions with customers or vendors in different currencies, and even if you directly added transactions from the Banking page. Therefore, your Porfit and Loss will only be presented in your home currency.

 

If you have other questions in mind, you can always go back to this thread.

View in thread

1 reply

JessT
JessTAnswer
Feb 16, 2021 2:32 AM UTC

Hello Faheem Bial!

 

Your Profit and Loss report will only show the transactions in your home currency. I'll explain why.

 

Your income and expenses are always presented in your home currency even if you have transactions with customers or vendors in different currencies, and even if you directly added transactions from the Banking page. Therefore, your Porfit and Loss will only be presented in your home currency.

 

If you have other questions in mind, you can always go back to this thread.

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