Hello, we are a new business that does work in the US, Guatemala and Peru. Can we add foreign bank accounts to our US Quickbooks account?
Hi there, blovingbagwell-s.
Yes, you can add foreign bank accounts to your US Quickbooks. To add a foreign currency account to your Chart of Accounts, you'll have to turn Multicurrency on in your Advanced settings. This helps you track your foreign currency transactions including any exchange gains or losses you might incur.
Go to the Gear icon in the upper right corner.
Select Account and Settings.
Choosethe Advanced tab.
Select Edit ✎ in the Currency section and choose your Home Currency.
Turn the Multi-currency option and confirm that you understand that you can't undo this option.
Please refer to the articles below to see information on how the Multicurrency feature is used by business owners who have customers, vendors, or bank accounts that use foreign currencies. Then, to see different links that contain more information about how to start using the Multicurrency feature for your transactions.