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Anonymous
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Best way to label different currencies

I have my PayPal account attached to the "Banking" section. In there I have income in USD, but my other banking accounts are all CAD. 

 

What is the best way to label or sort the different currencies? 

 

Thanks

Steve

Solved
Best answer 03-28-2018

Accepted Solutions
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Established Community Backer ***

Re: Best way to label different currencies

Hi Slue,

 

Within the banking section of QuickBooks Online you can click on the pencil icon in the top right hand corner of the blue box for each account. Click on 'Edit account info'. In the name field I normally put the currency in brackets after the account name e.g. PayPal (USD). Hit save and close. This will now appear in the banking section. I also find it really handy when clients have lots of different accounts with numerous transfers to label the account with the account number in brackets also. I do not think there is a way of sorting the accounts into different catagories for the time being. The only suggestion is to make a parent account in the COA called 'USD accounts' and then making the bank/paypal sub accounts of this.

 

I hope this helps.

 

Kind Regards,

 

Emily 

View solution in original post

1 Comment
Highlighted
Established Community Backer ***

Re: Best way to label different currencies

Hi Slue,

 

Within the banking section of QuickBooks Online you can click on the pencil icon in the top right hand corner of the blue box for each account. Click on 'Edit account info'. In the name field I normally put the currency in brackets after the account name e.g. PayPal (USD). Hit save and close. This will now appear in the banking section. I also find it really handy when clients have lots of different accounts with numerous transfers to label the account with the account number in brackets also. I do not think there is a way of sorting the accounts into different catagories for the time being. The only suggestion is to make a parent account in the COA called 'USD accounts' and then making the bank/paypal sub accounts of this.

 

I hope this helps.

 

Kind Regards,

 

Emily 

View solution in original post

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