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Tiwonge M
Level 2

I am wondering if anyone know whether QuickBooks has a way of fixing monthly exchange rates instead of have to enter the exchange rate every time when posting.

I know QB has a market rate which automatically get picked when posting transactions for that date. However, if the internal policy suggests using the rate for the first day of the month, how can that rate get fixed when entering transaction for that month even if the date is different?
Solved
Best answer December 18, 2020

Accepted Solutions
Ashleigh1
QuickBooks Team

I am wondering if anyone know whether QuickBooks has a way of fixing monthly exchange rates instead of have to enter the exchange rate every time when posting.

Hello Tiwonge M, 

 

Welcome to the Community page, 

 

There is no way of being able to do this Quickbooks, you could leave it as feedback in the product in the main cogweheel. 

View solution in original post

3 REPLIES 3
Ashleigh1
QuickBooks Team

I am wondering if anyone know whether QuickBooks has a way of fixing monthly exchange rates instead of have to enter the exchange rate every time when posting.

Hello Tiwonge M, 

 

Welcome to the Community page, 

 

There is no way of being able to do this Quickbooks, you could leave it as feedback in the product in the main cogweheel. 

View solution in original post

Tiwonge M
Level 2

I am wondering if anyone know whether QuickBooks has a way of fixing monthly exchange rates instead of have to enter the exchange rate every time when posting.

Hi Ashleigh1,

 

Thanks for your comment. I had assumed this was the case but I wanted to make sure that I was not missing anything. Cheers.

Fiat Lux - ASIA
Level 15

I am wondering if anyone know whether QuickBooks has a way of fixing monthly exchange rates instead of have to enter the exchange rate every time when posting.

@Tiwonge M 

As another option, you may utilize these services to deal with multi currency transactions.

https://veem.grsm.io/veems

https://prf.hn/l/7gg1NWy