Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Please help:
My client's PayPal balances are shown in 4 currencies. Should I create 4 separate account name in the chart of accounts for Paypal USD, EUR, GBP and SEK? Mention that home currency in Quickbooks is Swedish Krona(SEK). Thanks in advance
Thanks for coming to the community for your concern, @Rashed. Yes, you'll need to create four separate accounts for each of your transactions with different foreign currencies.
First off, ensure that your multicurrency feature is turned on to start using it. Then, set Swedish Krona(SEK) as your home currency. Here's how:
Once done, you can now add an account that uses a foreign currency in the Chart of Accounts. Here's how:
For future reference, you can also create a new customer with a different profile to assign a different currency. Check out this article for more insights: Assign a foreign currency or multicurrency to a customer.
Let me know if you have additional questions. We're always delighted to assist.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.