Reconciling Euro expense receipts

[ilkeb]

I have clients based in the UK who pay me in GBP. However I am commissioned to work for them in Europe and incur expenses in Euros. What is the best way for me to record my Euro expense receipts and then raise an invoice in GBP?

[IamjuViel]

Hello there, @ilkeb.

I'm here to help ensure you're able to assign a currency to your customers and vendors and create an invoice and bill for them in QuickBooks.

With QuickBooks Online, you can now assign a specific currency to your customer's information. 

Here's how:

1. Go to Sales.
2. Choose Customers.
3. Click New.
4. Enter the details of your customer or client.
5. Go to Payment and Billing tab.
6. Choose GBP in the This customer pays me with drop-down.
7. Click Save. 

Once completed, you can also assign a currency to your vendors. 

That should do it! This will allow you to create an invoice or bill with the currency assign on each customer or vendor recorded in your QuickBooks account.

For additional information, you may check out these articles:

• How Multi-currency works
• How to turn on Multi-currency and add or delete currencies
• How to add a foreign currency account

Don't hesitate to visit us here in the Community if you have other question about multicurrency in QuickBooks Online. I'm always here to help.