I'll guide you on how you can change currencies in QuickBooks, Info-Urgent.
We have specific regions that you can choose once you sign up with QuickBooks Online (QBO). When you set up QuickBooks, it automatically sets your home currency. This is to ensure, that the right currency will show when working with your transactions. However, if a specific default currency isn't showing up and needs to change your home currency, you can use the multicurrency feature to help you record foreign transactions without having to worry about exchange rate conversion. Please know that once you turn this on, you can no longer turn it off. Aside from that, this option is available in Essentials, Plus, and Advanced.
To turn on Multicurrency, follow the steps outlined below:
- Go to the Gear icon, then select Account and settings.
- Choose Advanced.
- In the Currency section, select Edit ✎.
- From the Home Currency dropdown, select your currency.
- Select the Multicurrency checkbox and confirm that you understand that you can't undo this option.
- Click Save.
To know more about how you can add and delete currencies, consider checking out this article for reference: Set Up And Use Multicurrency in QuickBooks Online.
Moreover, QuickBooks uses exchange rates for reports and converts foreign currency amounts to home currency value so your reports include transactions. Learn how this works by reading this handy article for more details: Learn About Exchange Rates in QuickBooks Online.
You can always keep me posted if you need further help with multicurrency or changing currencies. The Community is always right here to assist your needs. Have a nice day!
