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Level 1

My home currency was USD for 2019. For 2020, I'd like to change my home currency from USD to another country. Is that possible without affecting 2019.

 
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QuickBooks Team

My home currency was USD for 2019. For 2020, I'd like to change my home currency from USD to another country. Is that possible without affecting 2019.

I'm here to share with you a few information and help you with your home currency, kudosleb.

 

You can only change your home currency once you have not activated the Multicurrency feature in QuickBooks Online. To do this, you can follow the steps below.

  1. Click the Gear icon, then Account and Settings.
  2. Select Advanced. Then at the Currency column, select the edit button.
  3. At the Home currency column, select the currency you wish to change to from the drop-down menu.
  4. Click Save, then Done.

If you have already activated the Multicurrency feature, you can only change the home currency by deleting all your data and starting over from scratch

 

Changing home currencies may affect previous reports or transactions since this needs to recalculated and adjusted based on a new rate. For your reference, you can read this article for additional information: Enter A Home Currency Adjustments For Your Foreign Balances.

 

Reach out to us if there's anything else you need about home currency. We'll always be around to help you at any time. 

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Level 14

My home currency was USD for 2019. For 2020, I'd like to change my home currency from USD to another country. Is that possible without affecting 2019.

@kudosleb 

Where is your company located and which currency do you need switching to?