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Level 1

Block adding cross-currency transactions driving me mad

I operate in Euros and GBP, with GBP being the base currency.   

 

When adding transactions to a bank register (downloaded ones for example) that is Euros, I have to select and add each individual transaction. Block adding, or just clicking the Add label is not permitted, as QBO insists on me checking the exchange rate every time. This drives me mad.  I can have a whole bunch of bank charge transactions for example, all exactly the same, that I really want to just click all of them and add - but no, I have to go down through the whole lot, one by one. 

 

Why is it not possible to set a global exchange rate and then let QBO use that automatically on all transactions. Surely, it would be nice to have this as an option?

3 REPLIES 3
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QuickBooks Team

Block adding cross-currency transactions driving me mad

Hello Jmusto, 

 

Welcome to the Community page,  

 

The reason why you have to do it is that as the exchange rate changes so you have to verify the rates of the exchange. 

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Level 1

Block adding cross-currency transactions driving me mad

Thanks for the reply.

 

yes, I understand that accurate exchange rates can be important, but on any given week, or month for that matter, an average amount would be just fine in a lot of cases. Most of my transactions are small sums anyway, so entering a rate every time makes no real difference.

(Heck, even the tax office here in Ireland uses an average annual rate for their calculations.)

 

So as I said, it would be a big help to at least have the option of setting a global rate for, let’s say, all today’s transactions.

Highlighted
QuickBooks Team

Block adding cross-currency transactions driving me mad

Hello Rjmusto, we do certainly agree it would be ideal to batch add and then select the currency rate. We'd ask if you can add feedback in the cog in the top right for the product engineers to suggest this. At the moment in banking, there is not a way to change the batch feature to suit multi currency but we do take all feedback onboard and implement any possible.