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jpinera-ecombust
Level 1

How to use translate home currency to usd. Translation of all accounts, not individual transactions. All accounts are in home currency.

 
7 Comments 7
Fiat Lux - ASIA
Level 15

How to use translate home currency to usd. Translation of all accounts, not individual transactions. All accounts are in home currency.

Are you using QBO US version? What is your home currency?

jpinera-ecombust
Level 1

How to use translate home currency to usd. Translation of all accounts, not individual transactions. All accounts are in home currency.

Yes, QB US. Home currency is Brazil BLR. I just want to translate all into USD for reporting purposes.

 

Fiat Lux - ASIA
Level 15

How to use translate home currency to usd. Translation of all accounts, not individual transactions. All accounts are in home currency.

For reporting purpose, you can export the report to Excel file format and edit it manually. Another option, consider having a Business Intelligent app to integrate with QBO. 

AnneMariee
QuickBooks Team

How to use translate home currency to usd. Translation of all accounts, not individual transactions. All accounts are in home currency.

Hello there!

 

Thanks for dropping by the Community space. I'm here to share some information about the multicurrency feature in QuickBooks Online (QBO).

 

Once you have enabled multicurrency, you'll need to add a new account for each currency you use in your transactions. Additionally, you can't switch your home currency to a different one because changing it may affect your past reports and transactions in QBO.

 

You can also consider @Fiat Lux-ASIA's suggestions as alternative methods to convert your home currency to USD.

 

I'm leaving this article with more information on setting up and using multicurrency in QBO: Set up and use multicurrency in QuickBooks Online.

 

Here's an article you can browse for when you need to assign a foreign currency: How to add a foreign currency account.

 

Feel free to add a comment below if you have other questions about multicurrency in QBO. I'm just one post away to help you out.

jpinera-ecombust
Level 1

How to use translate home currency to usd. Translation of all accounts, not individual transactions. All accounts are in home currency.

Thanks for the information. Does QB Enterprise have the feature I am looking for?

 

 

jpinera-ecombust
Level 1

How to use translate home currency to usd. Translation of all accounts, not individual transactions. All accounts are in home currency.

Does QB Enterprise have the feature I am looking for?

FateCandylaneT
QuickBooks Team

How to use translate home currency to usd. Translation of all accounts, not individual transactions. All accounts are in home currency.

We recognize the need to convert all accounts from your current home currency to USD, jpinera. 

 

Since Multicurrency feature for both desktop and online programs helps you record foreign transactions easily, changing these accounts from one currency to another would affect your previous accounting data, reports, and transactions. Thus, the ability to modify and transfer all accounts from BLR to USD currency is unavailable. 

 

You may want to consider taking into account the insights mentioned by Fiat-Asia Lux above. Also, you can utilize looking for a third-party app that can work well in your data and convert these accounts to USD. 

 

For now, we recommend sending this valuable feedback to our product developers. This way, they'll consider this option and assist you with your business demands in this manner.

 

Here's how to submit feedback in QuickBooks Desktop (QBDT):

 

  1. Go to the Help menu at the top and select Send Feedback Online.
  2. Click on Product Suggestion and enter your feedback or suggestion.
  3. Once done, click Send feedback.

 

To be updated with our latest news and updates, including product improvements, I'd suggest visiting the What's New section on your QBDT account or opening this link to view our product update blogs.

 

Moreover, I’ve included these resources that you can look into to help you manage your transactions as well as your accounting books:

 

 

We'll be around in this forum for any additional queries. Just keep us posted in the comments below, and we'll get back to help you further. Keep safe!

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