Enter Bill in US dollars

Make sure to setup your vendor (e.g create new vendor) with payment settings in USD. Keep in mind, you have to turn the feature on first if you are using CAD as the home currency now.

Thank you for your quick reply. 

I have entered a few bill already with Canadian dollars as home currency. 

IS that okay to change it?

You should secure a backup file prior to do following things:

1. Turn multi-currency on

2. Create any new vendor with payment settings in USD

3. Input any transaction of Bill and Bill Payment

We only allow to change the currency in payment settings as long as there is no transaction yet.

Welcome back, Desiree 869. :)

Fiat Lux has got you off to a great start as they're right, in order to be able to have a vendor that uses US currency, they'll need to be set up for US currency. Creating a backup before moving forward is also a great suggestion. I'd like to fill in a few more details to make sure you have the information you need.

Once you set up a vendor, customer, or any other item in QuickBooks Desktop with a currency, that currency cannot be changed. If you have a profile set up for this vendor already that's in CAD, you'll need to create another vendor profile for them and choose USD as the currency. You'll need to change the vendor name slightly in order to do this. In can be as simple as adding a period to the end of the name.

Since you already have transactions with this CAD vendor, I recommend deleting the existing transactions and re-entering them with the proper vendor and currency as there isn't a way to switch it.

One other thing I'd like to highlight is that products and services in QuickBooks Desktop can only be set up with the home currency. Meaning, if you're hoping to have your products purchased from this vendor reflect the cost they're charging you, you'll need to manually calculate the conversion rate yourself and enter that as the cost on the item.

You can learn more about multicurrency in QuickBooks Desktop here: Set up and use Multicurrency

I'm available if you have more questions!

Thank your guys for the quick reply. 

I post a screen shot,  and If you could double check for me if these places that i circled are correct. 

or Canadian dollars should show up on the bill?

I appreciate the screenshot! What you have here looks good. In this case, the bill itself will show the USD for the amount due and the accounts payable being hit by the transaction, and there will be the currency exchange rate at the bottom just like you're seeing. The exchange rate is for your reference and so you can make sure everything is correct.

It looks like you're well on your way to recording your bill! In case you need them, here are a couple of articles about the bills process.

• Enter bills
• Pay bills in QuickBooks Desktop

I hope that helps. :)

Thank you again, to make sure that I am on the right tack. 

One more thing, cause I click accounts payable account, and  the US dollars covert to Canadian?

@Desiree 869 

If you have many multi-currency transactions, consider using this payment service. You can accept payment in CAD and your clients pay in USD.

https://veem.grsm.io/veems

Hope it helps.

I have self-employed  ...........do I have multicurrency option in SELF-EMPLOYED

How I turn on multicurrency and use it,

@aburas-uwindsor- 

The multicurrency feature is not available on QBSE and QBO Simple Start. Switch to QBO Essentials or the higher plan.

https://quickbooks.grsm.io/US

https://quickbooks.grsm.io/us-promo

If you prefer to keep using QBSE, I may have a workaround to explore. Open a business bank account at Wise and setup some accounts in multi currency to accept payments. You may convert the balance to USD account anytime easily and run the bank feeds, or withdraw it immediately to your local bank account.

https://wise.prf.hn/l/64dl92k

Hi aburas-uwindsor-,

Tracking multi currency is one of the ways that QuickBooks helps you save time by doing the conversions automatically. I'd be happy to go over this with you.

At this time QuickBooks Self Employed does not have the ability to track multi currency. If this is something you need to do I recommend upgrading to QuickBooks Online Essential or Plus. You can find out more about what each version offers and the price by going here. If you decide to upgrade then the great news is you can move all your info from your QuickBooks Self Employed account to your QuickBooks Online one. You can follow the steps in this article on how to upgrade between the two.

If you have any questions feel free to reach out and we'd be happy to help!