cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
NEW Connect to DBS IDEAL direct bank feeds Click here
edritechno
Level 1

Want to check on the multi country usage of Quickbooks. How quickbook subscription can be used to manage accounts in multiple countries ?

 
2 Comments 2
Jovychris_A
Moderator

Want to check on the multi country usage of Quickbooks. How quickbook subscription can be used to manage accounts in multiple countries ?

Hi @edritechno.

 

You can use the multicurrency feature to properly track your transactions from bank accounts that use a currency other than your local currency. 

 

This will give you the ability to record transactions in foreign currencies. However, this feature is only available in QuickBooks Online Essentials and Plus versions.

 

Here's how to turn on this feature:

  1. Click the Gear icon, then select Account and Settings
  2. Select Advanced from the left menu and go to the Currency section.
  3. Toggle the Multicurrency option to turn on the feature.
  4. Hit Save, then Done.

 

Once done, let's add the currencies you can use:

  1. Click the Gear icon, then select Currencies.
  2. Select Add currency and choose the new currency from the Add Currency drop-down.
  3. Hit Add.

 

Lastly, add the bank account that uses a foreign currency:

 

  1. Go to the Chart of Accounts, then select New.
  2. In the Account Type, choose Bank.
  3. Select the appropriate Detail Type and enter the name of the Bank.
  4. In the Currency drop-down, choose the currency of the bank.
  5. Click Save and Close

 

You can reference this article for more insights: Turn on and use multicurrency.

 

I've added an extra reference to learn more about the multicurrency feature: Multi-currency FAQ.

 

Feel free to tag me if you have additional concerns about creating accounts. I'm always here to help you.

Fiat Lux - ASIA
Level 15

Want to check on the multi country usage of Quickbooks. How quickbook subscription can be used to manage accounts in multiple countries ?

@edritechno 

It depends on which country the location of the company you need to manage. QBO Accountant version is only available for less than 10 countries. You may use the same email address to become the Primary Admin or Company Admin as Accountant. 

https://quickbooks.grsm.io/Asia-Pacific