Can I be able to change my home currency once is has been set?

Hello payables-interlo, 

I can help you with how you can change your home currency.

You can change your home currency as long as you haven't set up the Multi-Currency feature yet. If so, you can follow the steps below on how to change home currency.

1. Click the Gear icon at the upper right corner.
2. Select Account and Settings. Then choose Advanced tab.
3. Go to Currency section. Then click the pencil icon. 
4. Choose your Home Currency from the drop-down.
5. Hit the Save button. Then Done.

On the other hand, you're unable to change the home currency the Multicurrency feature is already turned on. The system does this so it won't mess up your books especially when adjusting the sales tax.

If you just subscribed to QuickBooks Online, you have the option to start over. Feel free to use this link for more info: Delete your data and start over in QuickBooks Online

You can also check this article for more details on how to turn on and use multicurrency.

Always know that I'm here to help. Just mention me in your reply or post again. Take care!

@payables-interlo 

Where is your company located? Why do you need to change your home currency?

Hi, can I change my home currency? What happen to my previous transactions if I change my home currency? 

Hi there, MydT. 

I'd be glad to answer your questions about changing multi-currency in QuickBooks Online (QBO). 

As mentioned by my colleague above, you can change your home currency when you have not activated the Multicurrency feature in QuickBooks Online. Once you save the changes, the action is irreversible and you can no longer recall it at a later point in time. 

To change the home currency, you can follow the steps provided by @Catherine_B above. 

However, if the company is new, we can either delete the data by purging the file or canceling the account and starting over. Here's a link to more information on this: Delete your data and start over in QuickBooks Online.

Here are resources to learn more information about multi-currency and how it works in QBO:

• Multi-currency FAQ.
• Turn on and use multicurrency.
• Assign a foreign currency to a customer in QuickBooks Online.

Stay in touch with me if there's anything else I can help you with managing currency in QuickBooks. I'll be right here to provide the information that you need. 

@MydT 

You should sign up for a new QBO account and enable the multicurrency feature before registering any transactions.

https://quickbooks.grsm.io/EU

then use a tool to migrate data from your old account or purchase a 3rd party service to do so.

https://get.transactionpro.com/qbo