EmBBo7
Level 1

Multicurrency - Is it supported with CAD as the home currency in QBO

Hello everyone!

 

I am looking to input payments I made to a US company that was originally charged in USD and the conversion was done to CAD when it was charged to my credit card for payment to the US company.

 

I looked into multicurrency and found information here about setting it up and was in the process of doing so, when I realized that even though it changed my home currency, which is currently CAD, to a non-editable field, the information that it provides in the '?' beside 'Home Currency' says that only USD is currently supported as a Home Currency.

 

Which of these two pieces of information is accurate? Am I able to use multicurrency with CAD set as my home currency, or am I not able to use multicurrency unless my home currency is USD? I am confused now as I have found conflicting information, and I want to be sure that the information I have is accurate as I am not able to turn off multicurrency once I turn it on. I absolutely cannot have my home currency changed to USD at this point in my books, either, so there is also that scare.

 

Thanks in advance for all the help!

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