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Welcome to the Community, @usermaw.


In QuickBooks Online (QBO), you have the option to adjust your currency for foreign balances. These adjustments affect your balance sheet accounts.


Here's how to do it:


  1. In QBO, go to the Gear icon at the top right to get to the Currencies
  2. Locate the currency you want to adjust.
  3. Click the drop-down arrow under the Action column, then pick Revalue Currency.
  4. Enter the date, then select whether you'd like the revaluation to be based on the market exchange rate or a rate you specify.
  5. Choose the account(s) you want to apply the revaluation to.
  6. Hit Revalue to complete.


For more insights about multi-currency in QBO, consider checking out these articles:



Please leave a comment below if you have any other questions or issues. I'm always here to help. Have a good one!