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Assign a foreign currency to a customer in QuickBooks Online

SOLVEDby QuickBooks3Updated November 27, 2023

Learn how to assign a foreign currency to your customer in QuickBooks Online Essentials and Plus.

Does a customer use a currency that's different from yours? If you’ve turned on Multicurrency, you can add the customer to QuickBooks and choose their currency. This lets you record transactions in the currency in which they pay you.
Here's how to assign a foreign currency to a customer. Or, get to know more about Multicurrency.

Assign a foreign currency to a new customer

  1. Go to Customers & leads and select Customers (Take me there).
  2. Select New customer.
  3. In the Customer information window, fill out the required information.
  4. Select Payment and billing.
  5. In This customer pays me with field, select the customer's currency. This is the currency that the customer uses to pay you for products or services.
  6. Select Save.

Change the currency for an existing customer

Once you add a customer and record transactions with them, you can't change the currency in their profile. However, if you want to record new transactions with the customer in their currency, here’s what you can do:

  1. Make the existing customer profile inactive. Your previous transactions with the customer stay in QuickBooks.
  2. Follow the steps above to add the customer again, and assign the currency in which they pay you.

From now on, the new transactions you record with the customer will be in their currency.

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