Show Exchange Rate on Invoices

You'll need to assign a foreign currency to your customer's profile to display the exchange rate on the invoice, Xavier. Allow me to provide further details below.

First, you'll need to activate the multicurrency feature in QuickBooks before you can configure foreign currency settings for your customer's profile. This feature allows you to manage transactions in various currencies different from your local currency. Please note that once enabled, this feature cannot be deactivated and is available in the Essentials, Plus, and Advanced plans.

Upon activation, you can then set a foreign currency for your customer's profile. If a customer was created before this setup, you need to deactivate that customer and create a new profile with the appropriate currency settings.

Here's how:

1. Navigate to the Sales, then Customers.

2. Click New customer.

3. In the Customer information window, select the customer's currency from the Currency dropdown field. This is the currency that the customer uses to pay you for products or services.

4. Fill out the required information.

5. Hit Save.

Remember, once a customer’s currency setting is saved, it cannot be changed. For additional details, you can visit the guide: Assign a foreign currency to a customer in QuickBooks.

Moreover, when generating an invoice, please refer to the attached screenshot to see how the Rate and VAT are applied. Keep in mind that QuickBooks uses exchange rates from IHS Markit, and you'll need to select the appropriate VAT rate for the invoice.

Furthermore, if you prefer to use your exchange rates for foreign currency transactions, you can consult this guide for assistance: Enter and use your exchange rates in QuickBooks Online.

For future reference, I'll leave these resource for using the multicurrency feature when assigning a currency to a bank account: How to add a foreign currency account.

The information above serves as a comprehensive guide to managing foreign currency transactions in QuickBooks. These steps effectively enhance your ability to handle international business dealings with ease. If you have additional questions or concerns about foreign currencies, don't hesitate to click the Reply button below. I'm always here to assist you.

Hi Louise

Thanks but how can we show/display the exchange rate on our invoices?

X

1. In your QBO account, go to Settings and select Feedback.
2. Enter your product suggestions.
3. Then, click Next to submit them.
   
   

1. Go to the Gear icon.
2. Select Custom fields.
   
3. Click Add field.
4. In the Name field, enter "Exchange rate".
5. For the Data type, select Text and number.
6. Check the Invoice box, then enable the "Print on form" option for that field.