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rjhrrs19
Level 2

Banking transactions and receipts in different currencies

I am wondering what is the best way to handle banking transactions that are in CDN but the imported receipts are in USD so I can match the transactions if at all possible. I do have multi-currency turned on.  As an example, I made an online purchase of $100 for supplies and upload the receipt and when it hits the bank account it is equates to approximately $130 CDN. When i go to the receipt there is no where to specify the currency etc. but i guess i could over write the dollar amount as a work around.

 

Any suggestions would be appreciated?

2 Comments 2
rjhrrs19
Level 2

Banking transactions and receipts in different currencies

I am wondering what is the best way to handle banking transactions that are in CDN but the imported receipts are in USD so I can match the transactions if at all possible. I do have multi-currency turned on.  As an example, I made an online purchase of $100 for supplies and upload the receipt and when it hits the bank account it is equates to approximately $130 CDN. When i go to the receipt there is no where to specify the currency etc. but i guess i could over write the dollar amount as a work around.

 

Any suggestions would be appreciated?

AddieC
QuickBooks Team

Banking transactions and receipts in different currencies

Hi there, 

 

I know how important it is to have the option of adding expenses in a foreign currency. If you've already turned on Multicurrency in the account, that's great! Multicurrency will help you track the exchange rates and keep everything in order. I'll explain the relationship between your original receipt, and the Receipts feature in QuickBooks Online.

 

The Receipts tab in QuickBooks Online can only be used to scan Canadian currency transactions. As you've mentioned, you're unable to specify that the receipt is in a different currency, so QuickBooks will automatically assign CAD to the receipt information. 

 

If you're entering a USD transaction, you'll want to do this manually. You can then upload the receipt as an attachment to the transaction by clicking "Add attachment" on the expense. 

 

For more information about the Receipts feature, take a look at this article: Manage your receipts in the Receipts tab

 

I can see how having the option to specify a different currency for your receipt would be really helpful. I'd recommend submitting this feedback to our product development team for review. To do that, click the Gear icon > Feedback

 

If you have any other questions, please reach out to our tech support team.


Cheers.

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