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NETTIEHAWK
Level 1

Billing in EURO and payment in USD

Working in QBO and I have a customer that wants to send his European clients their bills in EURO but they pay him in USD via wire transfer.  I understand I can turn on the multi-currency feature in QBO, set up a customer profile that indicates they are EURO for currency.  Will QBO then only accept payment in EURO? Or can it accept payment in USD?

2 Comments 2
ReymondO
Moderator

Billing in EURO and payment in USD

Thanks for posting your multicurrency concern on the QuickBooks Community page, @NETTIEHAWK.

 

Let me share insights on how QuickBooks Online (QBO) accepts payments in Multicurrency mode.

 

This feature lets you record transactions in the foreign currencies of customers, vendors, or bank accounts that don't use your home currency. Once it's on, you can add transactions in another currency and QuickBooks handles all currency conversions.

 

If you're using QuickBooks payments, the program will only allow you to accept payments in USD. 

 

In case you have any other questions about this feature, please check out our Multi-currency FAQ article. 

 

You can always share your concerns with us, especially when handling your transactions that use multicurrency. We'll be here to provide further assistance and clarifications. Have a nice day.

ReymondO
Moderator

Billing in EURO and payment in USD

Hi @NETTIEHAWK,

Hope you’re doing great. I wanted to see how everything is going about the currency concern you had the other week. Was it resolved?

 

Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.

Looking forward to your reply. Have a pleasant day ahead!

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