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Dilantha-Kumara
Level 1
posted
‎September 22, 2025 06:29 AM
last updated ‎September 22, 2025 6:29 AM

If Multi-Currency setting is activated will this have an impact on past transactions? Can Eur payment invoice booked & settled with Usd bank a/c without a system error.

Please let me know if this setting change would impact past transactions of the same entity and for multiple entities? If the setting is updated it cannot be undone is it? what does this mean.
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1 Comment 1
GlinetteC
Moderator
Moderator
‎September 22, 2025 08:42 AM

If Multi-Currency setting is activated will this have an impact on past transactions? Can Eur payment invoice booked & settled with Usd bank a/c without a system error.

Activating the Multicurrency feature will not affect any past transactions that have already been recorded, Dilantha. Let me explain further.

 

With the multicurrency functionality, you can record transactions in various foreign currencies. Once this feature is activated, it cannot be reversed. This ensures that all currency conversion data remains consistent and accurately accounted for within the system going forward.

 

For a comprehensive understanding of this feature, please refer to the article: Set up and use Multicurrency in QuickBooks Online.

 

If you have any additional questions, please feel free to leave them in the comments, and we will be happy to assist you.

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