I have received payment from a foreign client in Euro. How to adjust the same in Quickbooks, as invoice amount is EUR 21,011 and $ equivalent is 22,754.81.

You can use your own rate for a foreign currency transaction in QuickBooks Online (QBO), Abhishek. Let us guide you through the process.

Let's ensure your Multicurrency feature is enabled in the program. Once done, record the foreign currency transaction and change the rate when you enter them in QBO. Here's how:

1. Click the + New Plus icon and select the transaction you want to enter.
2. Choose the Customer or Vendor from the ▼ dropdown. 
3. Enter the exchange rate in the Rate field. 
4. Complete the transaction details and press Save and close.

You can check out this article for the steps and details: Enter and use your own exchange rates in QuickBooks Online.

If you need to keep track of the changes in exchange rates on your foreign balances, we can create home currency adjustments. To learn more about this one, check out this article: Enter home currency adjustments for your foreign balances. This changes the home currency value of your foreign balances and recalculates them based on a new rate.

Additionally, refer to this article for more insights on how QuickBooks uses exchange rates: Learn about exchange rates in QuickBooks Online.

Drop a comment below if you need more help with recording foreign transactions or any Multicurrency concerns. We're always here to help you in any way we can. Take care always.