Banking & Currency

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I have a US bank account and have set up the Vendor for US currency. When I enter in the invoice, do I need to create an expense account in US currency or does the system convert US to Canadian when I post the invoice?

 I'm very new too this and in the beginning there was no business bank account so all my e transfer payments I would receive would go into the personal account.. now i have a business account linked and my future e transfers will go directly into my business account, but as for my previous payments I received  thorough E transfer into my personal bank account and since i cant link my personal acct how do i input those payments that were deposited into personal bank account via e transfer in quickbooks online

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I'm attempting to do my first bank reconciliation and hadn't yet put in the open balance for my bank account. I created a deposit for the amount and set the account to Opening Balance Equity.  When I reopen the bank reconciliation workflow, it's not registering my beginning balance (still showing as 0.00).  What do I do next to fix this? Thank you,

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I have a bank transaction that has an overall 'spent' amount, but this transaction does have both an expense and revenue items in it.  Just wondering what is the best method for matching a transaction to this type of transaction?  When I've entered the expense as a bill, I can find that match, but I'm struggling to find the sales receipt that I did up for the revenue portion.  Just wondering if I should be doing this differently? Thanks!

Hello, I'm trying to do a bank reconciliation and I have a customer that made a payment with two transfers. The payment record was already manually entered, so during the reconciliation I am just trying to match the records. The problem is that the payment record does not appear in the items list. Please refer to the two tables in the screenshot attached. The table on the left is an extract from the customer's activity history, which shows three payments: January 29, February 5 and February 10.  The table on the right shows the list of transactions to match. These have been filtered to show only payment records for the specific customer, BUT the February 5 record is missing. I checked the bank register and the payment record was not previously matched.  I have tried to reach out to QBO support several times to address the matter, but the issue still isn't resolved. Can somebody please help me? 

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do I need to manually enter the missing transactions in journal entries and if so, how?

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Hello, I have a very small company, with very few transactions.Each month when I do my Bank Reconciliation, with like 4 transactions, I keep getting a $ 60.00 variance. I don't see any supporting transaction in Bank registers, Recurring transactions or anywhere else.  Any thoughts on where this could be coming from, or where to check next would be appreciated. Be well,TIA