2016-12-12 00:00:00MobileEnglishQuickBooks offers multicurrency support to businesses who serve global customers. Follow these steps to turn on the multicurrency feature...https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/03/Professional-at-office-desk-with-tablet-smartphone-and-multicurrency-paperwork.jpghttps://quickbooks.intuit.com/ca/resources/mobile/how-to-use-multicurrency-in-quickbooks/How to Use Multicurrency in Quickbooks

How to Use Multicurrency in Quickbooks

0 min read

Many businesses, particularly online businesses, sell to customers from all over the world. QuickBooks’ multicurrency feature lets businesses keep track of their income and expenses in multiple currencies. To use multiple currencies in QuickBooks Online, take the following steps:

  1. Click the Gear icon, select Company Settings, select Advanced and then Currency.

  2. Check the Multicurrency checkbox to turn on the multicurrency feature. Once it is turned on, it can’t be turned off.

  3. To manage the list of currencies available, click the Gear icon, select Lists and select Currencies.

  4. Once you have set up your list of currencies, set up a foreign currency account in QuickBooks.

  5. Click the Gear icon, select Chart of Accounts and select New.

  6. Fill in the required fields on the screen and select the currency you want in the Currency drop-down list.

  7. Click Save and Close to save the new account.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

Avoiding Common Image Sourcing Pitfalls: Finding Legal Photos and Graphics

For a number of reasons, your small business may need to use…

Read more

Write Terms of Use & Privacy Policies that Work for your Website

It’s not a coincidence that nearly every website has a link in…

Read more

Tax Tips for Small Business Owners Who Work From Home

If you work from home, the Canada Revenue Agency allows you to…

Read more