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Best answer March 30, 2020
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Hi there, london3,
Is the journal to show many moving between banks in different currencies? Or is it customer/supplier transactions? Either way I'm here to help enter multi-currency journals in QuickBooks Online (QBO).
If it is customer/supplier transactions and you are getting an AP/AR error message on the transaction please refer to the Multi-Currency: Journal Entry help article. Below is the first option, however the help article goes into more detail on this.
Manually converting one currency to another using the exchange rate is the first recommended option. Then, add a memo noting the actual currency you've received. See the attached screenshot below for your visual reference.
If it is just a movement of funds between different currency banks you can record as a bank transfer within the + new section on the left hand side as that will also show exchange rates and calculate correctly.
If you are referring to revaluing currencies let us know and we can go through that process with you.
Should you need anything else, don't hesitate to leave a comment below. I always love to help.
Thank you and stay safe!
Hi there, london3,
Is the journal to show many moving between banks in different currencies? Or is it customer/supplier transactions? Either way I'm here to help enter multi-currency journals in QuickBooks Online (QBO).
If it is customer/supplier transactions and you are getting an AP/AR error message on the transaction please refer to the Multi-Currency: Journal Entry help article. Below is the first option, however the help article goes into more detail on this.
Manually converting one currency to another using the exchange rate is the first recommended option. Then, add a memo noting the actual currency you've received. See the attached screenshot below for your visual reference.
If it is just a movement of funds between different currency banks you can record as a bank transfer within the + new section on the left hand side as that will also show exchange rates and calculate correctly.
If you are referring to revaluing currencies let us know and we can go through that process with you.
Should you need anything else, don't hesitate to leave a comment below. I always love to help.
Thank you and stay safe!
