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LHale5433
Level 1

Accepting USD Payment for an Invoice in CAD

Hello!

All of our invoices are issued in CAD, and all of our customers have CAD as their home currency. However, I have a customer that wants to pay with USD. Is it possible to accept USD payment for a CAD invoice, without creating a separate customer account in QuickBooks Online?

 

Thank you!

2 Comments 2
Fiat Lux - ASIA
Level 15

Accepting USD Payment for an Invoice in CAD

Utilize this app to accept payment in CAD and your client paid in their local currency (e.g USD).

https://veem.grsm.io/veems

 

Alex M
QuickBooks Team

Accepting USD Payment for an Invoice in CAD

Hi there LHale5433,

 

It's vital that you're able to properly record your sales so that your books are well balanced. QuickBooks Online is a great tool that's able to help you keep track of sales and expenses in other currencies using the Multicurrency feature. I can give you some information about Invoices and payments and their currency.

 

Within QuickBooks Online itself, if an invoice is in a certain currency, the payment also has to be in that currency. This is due to the fact that all transactions affecting a customer are all recorded in that customer's currency. In order for that payment to be recorded in USD, you would need to create a new customer that is set in USD, as well as recreate the invoice on this new customer, You can find out how to make a new customer with a foreign currency by following the steps in the section of this article titled How do I change an assigned currency for a customer and supplier?

 

If you have any other questions, feel free to reach out here.

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