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kriths2001
Level 1

If current liability can be recorded in multicurrency, why is trade and other payables(A/P) not possible in multicurrency?

 
1 Comment 1
AlcaeusF
Moderator

If current liability can be recorded in multicurrency, why is trade and other payables(A/P) not possible in multicurrency?

Hello there, @kriths2001.

 

Welcome to the Community. I can provide some clarification about creating accounts in QuickBooks Online.

 

The system automatically creates the Trade and other payables accounts on your behalf. As soon as you enter a bill for your vendor with a different currency, QuickBooks records it in the Chart of accounts.

 

Please see sample screenshots below:

 

 

 

It's designed to ensure you have the necessary accounts for each currency you have. Since the ability to manually create is unavailable, I suggest entering the bills.

 

Additionally, here are some helpful references that you can check out about using multicurrency in QuickBooks:

 

I'm only a few clicks away if you have any other questions. Wishing you and your business continued success.