When will Multi currency Cashflow Planner availability?

The Cash Flow Planner is a tool that forecasts the money going in and out of your business, Grk1.

It uses historical data from your bank account. Although, the Multi-currency enabled files are still unavailable. We're unable to provide the date when this feature will be out.

You can check this reference about Cash Flow Planner for more information.

We're just around if you need our help. You're welcome to post in the Community.

Thanks Kristine. It just seems kinda crazy that a multi-currency file can have access to the Cashflow Dashboard widget (with a projection element) but not the actual cashflow tab? 

I'll add more details about the Cashflow Planner, grk1.

It's no available at this time mainly because conversion amounts changes from time to time, depending on the current exchange rates. Because of this, QuickBooks Online is unable to forecast future recurring income and expenses. 

We will let you know as soon as the feature will become available for accounts that have multi currency. You can also visit this site where you can see the updates and new features added in QBO: https://quickbooks.intuit.com/blog/whats-new/.  

The Community is always here if you need anything else. 

Why wouldn't you just connect a widget that pulls in the Fx data as an estimate and just create a confidence interval depending on how many days/months out it is. Cashflow planning is all about being a crystal ball and just create a delta. It's going to be wrong. Cash flow projections are always off, just like budgets, you adjust as you get closer to reality.

Seems like a no-brainer.

And if a company is complicated enough to use multi-currencies they need this service more than the little guys who don't...

I also agree.. how is Cash Flow planner not available for multi currency users? We're able to run reports as normal and the system automatically converts accounts in different currencies into the home currency based on that days conversion rate, why would the planner simply not do the same thing? 

Are there any other tools out there that have this functionality that possibly integrate with Quickbooks? This is very disappointing that it's not available within multi currency accounts  

Thanks for sharing your thoughts and ideas in this thread, @takkaya.

I recognize how beneficial it is to you and to your business on having a Cash Flow planner. Rest assured I’ll take note of this so our Product developer can take a look and might consider adding it in the future.

For now, to stay updated on the latest news and updates about QuickBooks, you can visit this link for reference: https://quickbooks.intuit.com/blog/whats-new/

Also, you can consider looking for a third-party app that has the feature you need. For your reference, you can visit this link (the app store is available for US, UK, INDIA, CA, AU, and FR version of QuickBooks Online): https://quickbooks.intuit.com/app/apps/home/ 

Let me also add this article that can guide you in matching your bank balance and QuickBooks balance seamlessly: Reconcile an account in QuickBooks Online.

In case you have other queries managing your multi-currency or with your account, you can always get back to me in this thread. I’m always around ready to back you up. 

I was looking to use this for a client with multi-currency and it is just odd that multi-currency transactions cannot be added into the cash flow.

When producing a manual cashflow for this client, I either use the value the invoices was posted at or an average exchange rate (depending on the value), there is always an assumption that they will be paying/receive a slightly different amount when the cash transaction happens.

The businesses that use multi-currencies are more likely to need the cash flow planner as they may be larger and have more  transactions than single currency users. This could drive these users to other platforms, QuickBooks, not a great business decision.

Until the cash flow planner is available for multi-currency, I will continue to use a spreadsheet.

Hi michelle149,

Thank you for sharing your process. I'll take this as feedback as well. You can also submit feedback directly to our engineers by going to the Gear icon and choosing Feedback.

If you have other questions in mind, feel free to go back to this thread.

So folks, it is coming up on a whole year since Cashflow planner in QBO has been launched....and while there have been product developments on this product....there is still no functionality for multi-currency cashflow planner? 

. 

What is the timeline for development? Is it even on a development list? Should I give up on QBO ever having this function, cut my losses and find another option? 

Yours in frustration! 

Thanks for sharing your suggestion with us about the multi-currency cashflow planner, greeneroom_ie.

While we don't have this feature at the moment, I recommend sending feedback to our product developers. They'll review this idea and might consider adding it in the future.

You can follow these steps to send feedback:

1. Go to the Gear located at the top.
2. Under Profile, click Feedback.

If you want to check the status of your request, you can click this link: Customer Feedback for QuickBooks Online.

Fore more information about Multicurrency in QuickBooks Online, you can read this article: Learn about Multicurrency in QuickBooks Online.

Should you have other questions in the future, please don't hesitate to reach out to us at anytime. Take care and stay safe!

Can we not just set a standard conversion rate?  Then we can update the actual FX like normal at year end?

Hi there, @SJ ECB.

I'd love to help you achieve your goal, but would you mind sharing more details about it? It can help us get on the same page and provide accurate resolution.

I'll wait for your reply, or if you have any other questions, please let us know. We're always here to help. Have a great day.

This is crazy. Just base forecast on current exchange rates, as simple as that.

Please ask a more specific question.  What i want you to do is to allow me to set the FX rate for cash flow planning and I can accept that I will have some inherent error in my cash plan that I can correct as i go.  This would also be help for running sensitivity analyses related to FX on business performance. 

Hello there, @SJ ECB.

I recognize how beneficial it is for you and your business to set up a Multi-currency Cash Flow planner in QuickBooks Online (QBO). However this option is unavailable, I recommend sending a feature request to our Product Development Team so they can review it and perhaps consider adding this to our future updates. Here's how you can send it through your QuickBooks.

1. Click the Gear icon.
2. Choose Feedback.
3. Enter a sentence or two to describe your suggestion and click Next.
   
   

Furthermore, you may check out this article for reference in submitting a feature request through your QuickBooks Online account: How do I Submit Feedback?

Meanwhile, I've attached some articles you can use to learn about the Cash flow feature in QuickBooks:

• Track your cash flow in QuickBooks Online
• Use the Cash Flow planner to predict future income and expenses
   

You can also check out this article and scroll down to the Frequently asked questions section to view different information about cash flow: Managing cash flow made easy.

If you have other questions or concerns about the cash flow planner, please let me know. I’ll be here anytime to help. Have a good one!

Nearly 4 years later and still no progress.. any update on availability?