transfers between usd account and euro account when base currency is cad

DEBookkeeping · ‎March 04, 2024

Using desktop pro and having my base currency as Canadian dollar and multicurrency enabled how do i post a transfer between a USD account and a Euro account.

can you give me a step by step example

In short my QuickBooks desktop is in Canadian dollars

I do international transaction between Canada-USA-Europe

My transactions are not only from Cad-USA or Cad-Eur

Many times its USD-Eur, like a transfer from my USD account to my Euro account, to be able to pay vendors

example: Transfer 1,000 from my USD account at a rate of 0.9209 to my Euro account and received 920.90 Euros.

JamesM4 · ‎March 04, 2024

Hi DEBookkeeping,

Thanks for reaching out to us here. QuickBooks is a powerful program that helps you to manage your accounting with ease. I'll be glad to share more info so you're on the right track with your work.

Recording your transactions the right way is essential for ensuring your books remain accurate. That said, I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in.

Let me know if this info helps. I'm here to steer you in the right direction.

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