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bb223
Level 1

Upgrade and multicurrency

Simple Start or Essentials- which to sign up for? I'm an LLC startup, no employees, with a website now focusing on US and Canada sales. By 2023, my goal is to expand with shipping to Europe/ multi-currency. Will I lose data if I upgrade? What is the cost to later upgrade to Essentials?

2 Comments 2
GebelAlainaM
QuickBooks Team

Upgrade and multicurrency

Hello there, @bb223. I'm here to answer your query and will help you with managing your QuickBooks Online Account.

 

We can look for subscriptions that fit your business on our Plans and Pricing page. This page will also guide you with the different features included in each subscription. Also, note that you won't lose your data if you upgrade your subscription.

 

Since you're planning to expand your business to other Regions with different currencies, that's not a problem. You can utilize the multicurrency feature in QuickBooks Online. It gives you the ability to record transactions in foreign currencies.

 

However, let me remind you that once you turn the multicurrency feature on, you cannot turn it off again, so please be thorough with your thoughts when you decide to turn on that feature.

 

If you want to enable that feature, you can follow the steps below:

 

  1. Go to the Gear icon and select Account and Settings.
  2. ChooseAdvanced.
  3. Select the Edit icon in the Currency section and select your Home Currency.
  4. Tick the Multicurrency checkbox and confirm that you understand that you can't undo this option.
  5. Then, click Save and close.

 

Please refer to this article for more insights about the Multicurrency feature: Turn on and use multicurrency in QuickBooks Online.

 

Additionally, you can check out this article: Learn about Multicurrency in QuickBooks Online.

 

If you want to add the customer to QuickBooks and choose their currency in the future, here's an article for your guide: Assign a foreign currency to a customer in QuickBooks Online

I'll be around if you need anything else or if you have clarifications. Have a good one!

Fiat Lux - ASIA
Level 15

Upgrade and multicurrency

@bb223 

You will need a connector to integrate QBO with your webstore. You should start with QBO Essentials.

https:// quickbooks.grsm.io/US

https:// quickbooks.grsm.io/us-promo

 

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