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Level 1

Multi-currency of accounts - Fixed assets, Inventory and Income and Expenses?

Hi, 

 

I am setting up accounts for a company that has voluminous transactions for its home currency and other currency. We want to set-up other currency for equipment and inventory but seems quickbooks has no feature for mutlicurrency other than Cash/Bank, AR and AP. Is it possible to have multi-currency feature for Fixed assets, Inventory and Income and Expenses?

2 Comments
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QuickBooks Team

Multi-currency of accounts - Fixed assets, Inventory and Income and Expenses?

Hi @Jayfel,

 

In QuickBooks, the multi-currency feature is only available for customers, vendors, bank and credit card accounts, accounts receivable, and accounts payable. 

 

For income and expenses accounts, their currency is based on what is set up as your Home Currency.

 

I encourage sending us feedback. This way our engineers can consider your request and include it in our future product updates.

 

Please read these articles for more information: 

If you have other concerns, feel free to leave a comment below. 

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Level 1

Multi-currency of accounts - Fixed assets, Inventory and Income and Expenses?

Thanks Alessandra!:)

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