Hello there, Garbo62.
Thank you for contacting us about the possibility of adding foreign currency transactions through receipts in QuickBooks Online (QBO). Our software engineers are reviewing your suggestion, but we don't have a specific time frame for when this feature will be available. We appreciate your input and will keep you updated on any developments.
As a workaround to address your concern. You can create a service item and then in the income account field, associate the expense account with a detail type that corresponds to the cost of labor or any other type that your accountant prefers.
Next, create a billable expense by selecting the service item you created in the Item Details section, indicating the number of billable hours and rate in the quantity field, ticking the Billable box, and entering the name of your USD customer. Finally, save and close the bill, then create an invoice for that USD client, and lastly click the Add button on the right panel on the invoice. You may include other items/services on this invoice.
I will include an article that outlines the process for generating basic financial reports in QuickBooks. This article will provide you with the necessary knowledge to produce financial reports efficiently and accurately.
If you have further inquiries regarding foreign currency, please feel free to share them in the comments section. We are always ready to assist you with your concerns. Remember to keep yourself secure at all times!
