Yes, Adam. QBO automatically converts sales receipts in foreign currencies to your home currency when using Multicurrency.
The Multicurrency feature in QuickBooks Online (QBO) simplifies the way you handle transactions in foreign currencies by automatically converting them into your business's home currency.
When you generate a sales receipt for a customer with a non-home currency, QBO records the transaction using the customer's assigned currency, which is then converted to your home currency at the current exchange rate. This allows QuickBooks to track both the foreign and home currencies in your transactions.
However, before you start generating transactions with foreign currencies, it’s important to make sure that you’re done setting up the currencies your customers use and assigning them to their profiles.
Once finished, QBO takes care of the rest, applying live exchange rates to ensure your financial reports consistently reflect accurate values.
Feel free to revisit this thread if you need further assistance.
