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SGI
Level 3

Multiple currency prices and multiple prices for same item

Hello,

We sell in UK and internationally. Prices are not direct conversion, but fixed prices in different currencies - i.e. same item with same SKU is priced at 20 EUR to a customer in EU and 16,50 GBP to a customer in UK. How do I add different prices with different currencies for sales to different countries?

 

Also - how do I set up individual prices for particular clients? Some clients buy wholesale with shipping from factory rather than warehouse, so they get special prices. Others get lower prices as part of the deal (like advanced pre-order). Again, this happens in several currencies.

10 REPLIES 10
GraceC
QuickBooks Team

Multiple currency prices and multiple prices for same item

Hello there, @SGI.

 

You need to set up multicurrency for your account to assign foreign currencies to customers. Whenever you create an invoice, it will automatically apply their currency.

 

Here's how:

  1. Go to the Customers tab.
  2. Click New customers.
  3. Fill up the Customer Information window.
  4. Click the Payment and billing tab.
  5. Click on the drop-down under This customer pays me with, and select the correct customer currency.
  6. Click Save.

To give you more insights with multi-currency in QuickBooks, please refer to these links:

Keep me posted in the comments if you have any other questions. Always got your back here in the Community.

Fiat Lux - ASIA
Level 15

Multiple currency prices and multiple prices for same item

If you are a wholesaler and trading goods, consider deploying an inventory management app with B2B portal. You can setup multi currency prices for a same item and assign a specific price for a specific customer. You may start exploring from these apps

http://www.primaseller.com/?utm_source=Affiliate&fp_ref=primaseller

https://go.tradegecko.com/register?code=fiat-lux

https://www.zaperp.com/ref/25/

 

SGI
Level 3

Multiple currency prices and multiple prices for same item

Hello,

I have turned on multicurrency and assigned currencies to clients.

The issue is not with clients, it is with goods prices.

I have separate pricelists for UK and for EU. EURO prices are not direct conversions of GBP price into EUR. Again EURO price is not GBP price at exchange rat. Instead, EURO prices are set separately. 

 

So, what I need to do is to set 2 or more different prices for the same SKU (product) - a price for UK, a price for EUROzone, a price for export to outside of EU in USD etc.

Fiat Lux - ASIA
Level 15

Multiple currency prices and multiple prices for same item

My answer is same. You can only have one listprice in QBO. You have to use the B2B portal available in an inventory management app should you need to manage multi-currency listprice.

DeMexico1
Level 1

Multiple currency prices and multiple prices for same item

Hello, we've just gone onto quickbooks online from Pro and want to sync it with a Shopify store. Like you we are looking into setting in Quickbooks both wholesale and retail prices. Did you have any luck working out how it can be done or like suggested here it is only possible via an app. 

Thanks in advance for any suggestions

 

Becky29
QuickBooks Team

Multiple currency prices and multiple prices for same item

Hi Demexico1 Welcome to the Community.:waving_hand:, As its third party, the only way to sync would be to take out the app via the app store on QuickBooks. Regards 

Fiat Lux - ASIA
Level 15

Multiple currency prices and multiple prices for same item

@DeMexico1 

You may explore these inventory management apps to integrate with QBO and Shopify, then utilise the B2B portal feature.

https://go.tradegecko.com/register?code=fiat-lux

https://www.zaperp.com/ref/25/

 

testco1
Level 1

Multiple currency prices and multiple prices for same item

And what happens when you don't have inventory?  We are a software company and customers simply download the products.  We bill them in the own currency and their payments goes straight into that currency's bank account.

Multicurrency operation should allow products to be priced in all the currencies supported without having to jump through hoops or purchasing add-ons (that cost more than QBO) and provide zero value add if you don't inventory products.  It should also allow for foreign currency pricing using fixed exchange rates, but uses the current exchange rates for financial reports.

Fiat Lux - ASIA
Level 15

Multiple currency prices and multiple prices for same item

@testco1 

You may need a billing app for software company to do so. Each currency that you define beyond your primary currency will be accessible through the app and the API for your catalog items and subscriptions. You are able to choose how secondary currencies relate back to your primary currency by either defining specific pricing for each catalog item, or by using an exchange rate. For each catalog item (product price points, component price points, and coupons), you will be able to choose which strategy to use for pricing.

cocowalla
Level 1

Multiple currency prices and multiple prices for same item

@SGI 3 years on, and I still see no way to do this in Quickbooks :(

 

Were you able to figure out a workaround?

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