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Add transactions in a foreign currency

If you have turned on the Multicurrency feature and have connected banks that use foreign currencies, you can add transactions in those currencies to QuickBooks Online.

Note: Make sure Multicurrency is turned on to add an exchange rate. The Multicurrency feature and foreign currencies are available in QuickBooks Online Essentials, Plus, and Advanced.

Add foreign-currency transactions

To add transactions in a foreign currency:

  1. Open the transaction details and select Add.
  2. In the currency fields, enter the Foreign amount or the Exchange rate your bank provides.

QuickBooks Online calculates the total, and the Bank Description or Detail fields display the transaction as your bank displayed it on your statement, usually with the amount and currency.

If you use foreign currency, you can still split deposit and expense transactions based on different account categories and tax, but you can't split a transaction based on different currencies.

To split a transaction between categories, see How to enter a split transaction into the register.

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