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Intuit

About Multi-currency

Multi-currency affects many accounts and balances in your company file.

Note Multi-currency is not available in all version of QuickBooks Online. If you don't see the Currency option, your version of QuickBooks Online does not offer this feature.

Once you turn the Multi-currency feature on, you cannot turn it off again, so be absolutely sure you want to turn it on.

Multi-currency and accounts

You can assign a currency to most types of accounts, including customers, vendors, bank and credit card accounts, accounts receivable, and accounts payable.

Income and expense accounts always use your Home currency.

 

Your Home currency is the currency of the country where your business is physically located.

You can only assign one currency to each account or contact name, and you have to add a new account for each different currency that you will use in transactions.

Multi-currency fields

After you turn Multi-currency on, new fields appear on some screens:

  • Chart of Accounts: A Currency column appears on the Chart of Accounts, identifying each account's currency.

    Once an account has had a transaction posted to it, you can no longer change the account's currency,

  • Bank and Credit card registers: A currency notation appears in the headings of the Payment, Deposit, Sales tax, and Balance Due columns on Bank and Credit card registers (or account histories).

More information about Multi-currency

See the following articles for more information about the Multi-currency feature