Multi Currency Bank Statements

I hope you're doing well, Mariana.

I'll share some info about your concern. 

At the moment, the ability to reconcile a foreign currency is unavailable in QuickBooks Desktop. The only currency you can adjust is your home currency. 

What you can do is create a journal entry to match your records to your actual bank statements. Before doing so, I recommend consulting with your accountant for advice. They can provide details on what accounts are affected to ensure your reports are accurate. 

For creating a journal entry, you can follow these steps:

1. Go to Accountant > Make General Journal Entries.
2. Fill in the necessary information.
3. You can also enter details in the Memo field to easily track this transaction.
4. Click Save & Close.

Here's an article for more details: Create a journal entry in QuickBooks Desktop for Windows or Mac.

I'm also adding this guide on how to reconcile an account in QuickBooks Desktop: Reconcile an account in QuickBooks Desktop.

In case you encounter issues with the reconciliation, this link includes the steps to resolve it: Fix issues when you're reconciling in QuickBooks Desktop.

Please don’t hesitate to leave a Reply below if there's anything else you need. I’m always here to help. Keep safe!

Hello Renjolyn C,

Thank you so so much for your help with my questions, I really appreciate it.

I am a bit confused please confirm with me few things, now I have the bank statement for example in EUR with all the transactions few transactions per day and which it has a balance, how I will reflect the ending balance in Journal Entry? 

How about the exchange rate because each day is different rate I need to make a JE per each day to match the numbers in the bank statement??

Please, please help me by answering these questions, I am really under a pressure now because I have a report to be done and be submitted but I am not done entering these foreign bank accounts transactions  🙏🙏😔.