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Level 1

Hi I have to pay and receive most of my monies in sterling but some in Euros, is it possible to change the sterling to euros easily then return.

 
4 REPLIES 4
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Level 13

Hi I have to pay and receive most of my monies in sterling but some in Euros, is it possible to change the sterling to euros easily then return.

Utilize this payment service. You can pay or receive in GBP and your counterpart will do the same in their local currency (e.g Euro). It supports QBO.

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QuickBooks Team

Hi I have to pay and receive most of my monies in sterling but some in Euros, is it possible to change the sterling to euros easily then return.

Hello Simonpeter

 

We just need a few more details to get a better understanding of how your business is set up. Are these amounts on invoices/bills that have been sent to or received from customers/suppliers in sterling and paid in Euros for example? Is the bank account they are paid into in GBP or Euros?

Do you have the customers/suppliers set up in the currency they are paid in?

 

Aside from using a third-party app the best option would be to create the customer/supplier in the currency it is paid in/billed to it will then do conversion based on the rate on the NY stock exchange or you can put in your rate if your bank account is in a different currency for example.

 

Emma

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Level 1

Hi I have to pay and receive most of my monies in sterling but some in Euros, is it possible to change the sterling to euros easily then return.

Hi

I cannot see how to change a customer or supplier so that the transaction is in Euros, please advise

Simon

 

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Level 13

Hi I have to pay and receive most of my monies in sterling but some in Euros, is it possible to change the sterling to euros easily then return.

If your home currency in GBP, you have to turn the multi-currency feature on, create your Euro bank account, and create a new customer/vendor with currency of Euro    

 https://quickbooks.intuit.com/learn-support/en-uk/help-articles/does-quickbooks-online-support-multi...

 

If you don't want to turn the feature on nor have any Euro bank account yet, consider to utilize the payment service as I have mentioned earlier. It suports QBO.

 

Hope it helps.