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Jancarl
Level 2

Hi! We only use EURO as out functional currency however in the last 3 months went posting payments of invoices the same amount is also showing in the FX account. Help?!

 
Solved
Best answer November 21, 2019

Best Answers
Jancarl
Level 2

Hi! We only use EURO as out functional currency however in the last 3 months went posting payments of invoices the same amount is also showing in the FX account. Help?!

Hello!

 

Thank you for your reply! The fix worked! We do not use Fx and our functional currency is the EURO. All I had to do was just go back in the exchange account press on the figures to be changes which takes you to the invoice payment sheet and just change bank accounts from the drop-down and rechange to the correct account, save and close and the account is back in order.

 

Thanks again!

 

Regards,

View solution in original post

2 Comments
IamjuViel
QuickBooks Team

Hi! We only use EURO as out functional currency however in the last 3 months went posting payments of invoices the same amount is also showing in the FX account. Help?!

Hello there, @Jancarl.

 

The home currency used in QuickBooks Online US version is USD. Let me share some information on how the multi-currency feature works.

Just to clarify, in which account does your invoice payments are deposited? With the multi-currency feature, you can assign a specific currency to the accounts in your chart of accounts.

You may have deposited the invoice payments to the bank account which has USD as the currency.

If the invoice payments are saved in the incorrect account, you can open the transactions and change its Deposit To account.

 

Here’s how:

  1. Open the recorded payments.
  2. Choose the correct bank account from the Deposit to a drop-down menu.
  3. Click Save and Close

Once changed, it will now show in the correct account.

 

You can check these articles for more insights about multi-currency:

If you’re referring to something else or you have other questions, feel free to swing by here in the Community. I’m always here to help.

Jancarl
Level 2

Hi! We only use EURO as out functional currency however in the last 3 months went posting payments of invoices the same amount is also showing in the FX account. Help?!

Hello!

 

Thank you for your reply! The fix worked! We do not use Fx and our functional currency is the EURO. All I had to do was just go back in the exchange account press on the figures to be changes which takes you to the invoice payment sheet and just change bank accounts from the drop-down and rechange to the correct account, save and close and the account is back in order.

 

Thanks again!

 

Regards,

View solution in original post

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