How do you match a USD deposit with a USD invoice on Quickbooks Canada?

Hi jylandry,

Making sure you can match your transactions in QuickBooks Online makes reconciling accounts a breeze. I can help you with how to match your USD deposit to your USD invoice.

First you would need to make sure you have multi currency turned on in your QuickBooks Online account by following these steps: 

1. Select Settings ⚙️.
2. Go to Company Settings. Then go to Advanced.
3. Select Edit ✎ to modify your currency settings.
4. Choose the Multicurrency checkbox.
5. Select Save and close.

Once it is enabled we can enter USD transactions. There are now a few ways to enter and match your deposit to your invoice. If you have an American bank account that the deposit is going to no conversion is needed and should be able to be matched if both the customer and invoice are set for USD. If the customer isn't set up for paying you in USD you will need to create a new customer. To create a new customer paying in USD you can follow these steps: Sales>Customers>New Customer>Payment and Billing. Once in payment and billing you just need to make sure where it says this customer pays me in is set to USD. To make it easier to remember which customer is which i suggest adding USD to the customers name. If you don't have a USD account it'll need to be converted to your home currency which multi currency will do for you once you enter it.

Hope this was able to help!