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kevin-dick-att-n
Level 1

Can I set the company to be Canadian currency if all my transaction are in that currency?

I don't do multi currency but instead all my transactions are in Canadian Dollars. I can't download from the Canadian bank because QB thinks I am in US currency
4 Comments 4
Mark_R
QuickBooks Team

Can I set the company to be Canadian currency if all my transaction are in that currency?

It's good to see you here in the Community, @kevin-dick-att-n.

 

Allow me to provide information on how QuickBooks handles multiple currencies.

 

QuickBooks automatically set the Home currency to the country where your business is physically located. Since you're in the US, QuickBooks will set your home currency to the US currency. That said, you can't assign your company to a Canadian currency. Instead, you can utilize the multicurrency feature to track transactions in foreign currencies.

 

In addition, imported transactions and bank feeds will need to be in whatever set as your home currency.

 

I'm adding these articles to learn more about multicurrency:

 

 

Please let me know if you need clarification about this, or there's anything else I can do for you. I'll be standing by for your response, @kevin-dick-att-n.

Fiat Lux - ASIA
Level 15

Can I set the company to be Canadian currency if all my transaction are in that currency?

Where is your company located? In the US or CA ?

debcpa1
Level 1

Can I set the company to be Canadian currency if all my transaction are in that currency?

If I am located in the US, but the business is located in CAN and transacting all in CAN dollars, can the company file be set up with CAD as the home currency?  Would all transactions be converted to USD?  I'd like all transactions to be kept in CAD. How would I accomplish that?  Thank you.

Fiat Lux - ASIA
Level 15

Can I set the company to be Canadian currency if all my transaction are in that currency?

@debcpa1 

You need to have a QBO CA version, not US version.

https:// quickbooks.grsm.io/Canada

https:// quickbooks.grsm.io/CFIB

 

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