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Experienced Member

Hi, I am reconciling my bank. I am trying to enter a transaction as a transfer as I exchanged money from my GBP to USD account but it only gives me a Euro option?

 
1 Comment
Moderator

Hello there, info, Accounts with other currencies won't a...

Hello there, info,

Accounts with other currencies won't automatically be part of the option when exchanging an amount. You'll need to create them first.

Here's how:

  1. Click Accounting on the left pane.
  2. Select Chart of Accounts.
  3. Click New.
  4. Select the Account Type, and Detail Type.
  5. Enter the Name.
  6. Select the currency USD United States Dollar.
  7. Click Save and Close.

You'll now be able to see the USD option on the Transfer page.

To learn more about how multicurrency works, you can check this article: https://quickbooks.intuit.com/learn-support/en-us/multi-currency/how-multicurrency-works/00/186157.

You can post your questions in the Community whenever you have one.