What is the best way to setup a US vendor that I pay with both CDN and USD? In Xero, I could use multiple currencies per vendor, but can't do the same in QBO.
You suppliers are an important part to your business and it's vital you're able to set them up the best way possible. QuickBooks makes it easy to navigate and I'll be happy to give you a hand with this.
At this time, you can only add a supplier using one currency each time. Here's how:
From the left menu, select Expenses, then Suppliers.
Select New Supplier.
Enter the supplier's name and other information.
From the I pay this supplier with ▼ drop-down menu, select the appropriate currency. This is the currency that you use to pay for this suppliers products and services.
I know how beneficial it would be to set up a supplier you pay with both CDN and USD. I recommend sending this feedback to our engineers by clicking the Gear icon and looking for Feedback. For more info on setting up a foreign supplier in QBO, check out this helpful article here.
I hope this helps! In case you have other questions, feel free to contact our support team using this link here. Otherwise, feel free to leave a comment below. I'll be one message away. :)