Hello there, @JH61. I'm here to lend a hand.
To check the region of the QuickBooks Online (QBO) you're currently subscribed to, let's go to the Sales tax page. We can check there the Sales Tax company preferences instead of looking into the Product Information window. To verify the tax codes of each region, see the below data:
- United States - Sales Tax
- Canada - GST
- United Kingdom - VAT
Additionally, you can also see the currency sign used on the graphs on the Dashboard.
As for your other concern, you can connect the Estonian bank account to your QBO US account as long as it's on the list of supported banks. But before you link the Estonian bank, you'll need first to turn on the Multicurrency feature. Please know that once the Multicurrency is turn on, you can no longer turn it off. Thus, I recommend first checking with your accountant.
To turn on Multicurrency, here's how:
- Click the Gear icon at the top.
- Select Account and settings.
- In the left menu, click Advanced.
- Go to the Currency section and click the pencil icon.
- Choose your Home Currency.
- Select the Multicurrency checkbox and confirm that you understand that you can't undo this option.
- Click Save and close.
Once done, you can now connect your bank that uses foreign currencies. Then, it allows you to add transactions in those currencies to QBO.
However, if the Estonian bank is not on the list of supported banks, need not worry. You can import your transactions. For detailed steps on this process, see this article: Manually upload transactions into QuickBooks Online.
Once bank transactions download, you can now start categorizing or matching them to straighten out your books. After that, you have the option to do your regular bank reconciliation.
If you have additional assistance while managing your bank transactions, let me know. I'll be around to provide further assistance. Have a nice day.
