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USD to Euro Transaction is not reconciling?

Forum|Forum|4 years ago
December 16, 2021
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Hello people of QB,

Our base currency is set to GBP.

I recently made a transfer from our Revolut USD account to our Revolut EUR account. This has come up on QB but when I categorise it as a transfer, the system says I cannot, because it is not in GBP and there can only be two exchange rates.

I reached out to QB Online who advised me to next time transfer from USD to GBP to EUR, which I will do in future, but it doesn't sort my current issue!

Thank you so much for your help!

QuickBooks Online

Best answer by EmmaM

Hello, Resonate, in the case where the base currency is GBP and you want to record a transfer from a EUR account to a US dollar account the way to do that would be to transfer from EUR to GBP and then do a separate transfer from GBP to US dollar account, If the existing transaction is in your banking section to be reviewed it would be a case of excluding it and manually creating the transaction in the + symbol in the top right and transfer.

E

EmmaMAnswer

Hello, Resonate, in the case where the base currency is GBP and you want to record a transfer from a EUR account to a US dollar account the way to do that would be to transfer from EUR to GBP and then do a separate transfer from GBP to US dollar account, If the existing transaction is in your banking section to be reviewed it would be a case of excluding it and manually creating the transaction in the + symbol in the top right and transfer.