We are a US LLC that owns a Canadian Corporation. I have separate QB files setup for each company in QB Enterprise. In the Canadian company, I have a USD bank account (in Canada) and we make our currency exchange transactions between the Canadian company's bank accounts in Canada. I then transfer intercompany funds across the border in USD between my USD account in Canada and the US company's bank account. I am trying to set up the intercompany balance sheet account and QB only allows for multi-currency accounts to be bank accounts or AR/AP accounts, not other current asset accounts. (the Canadian company's home currency is CAD). What is the best way to set up the intercompany given that I am transferring USD to the US? If I use an AR account to get access to multi-currency, I will need to set up the US company as a customer in Canada, which seems odd.
Any guidance would be helpful.
Thanks
