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Starting off, how do I link Bank of Ireland? It only offers Sterling values but I need in in eruo.

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QuickBooks Team

Starting off, how do I link Bank of Ireland? It only offers Sterling values but I need in in eruo.

Hi there, OL55.

I can help connect your Bank of Ireland in Euro value into QuickBooks Online.

The Bank of Ireland uses Sterling as its value. You’ll first set up a Bank Account with Euro currency in your Chart of Accounts to download the transactions you need.

If prompted to enable your Multicurrency settings, go to the Accounts and Settings page. Please note you can no longer turn this off once activated.  

To activate the Multicurrency:

  1. Click the Gear icon, select Account and Settings.
  2. Go to the Advanced tab, then click the pencil icon from the Currency section.
  3. Put a checkmark in the Multicurrency box, and another check mark in the I understand I cannot undo Multicurrency box.
  4. Click Save.

To create a bank account:

  1. Go to Accounting in the left panel, select Chart of Accounts.
  2. Click New Account.
  3. Enter necessary details, then in the Currency field, select Euro.
  4. Pick Save and Close.
  5. Once you’re back in the Chart of Accounts page, locate the newly added bank.
  6. Click the Account history drop-down in the Action column.
  7. Choose Connect bank.
  8. Follow the prompts to connect your bank account.

Check out these articles for future reference:

Once done, set those customers and suppliers affected to EUR so transaction currency will also be in EUR.

Here’s an article to guide you through:

Multi-currency tips and tricks

These steps should help connect the Bank account in Euro and track the transactions needed in your QBO account.

Don’t hesitate to let me know if there’s anything else you need help with. I’ll be around.

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