Hello @Abdul Rehman,
QuickBooks Online requires everything to keep track of your business. So money in and money out will be recorded accurately. To create a supplier, allow me to give you detailed steps. Here’s how:
- Import a Suppliers Spreadsheet. In the Suppliers page, click New Supplier, and select Import suppliers from the drop-down menu.
- Organize Your Spreadsheet.
- Choose Your File.
- Choose Your Excel Columns.
- Import Suppliers.
- Add a New Supplier.
- Fill Out The Supplier Form.
- Locate Businesses in Your Area.
To create a bill and how to pay other payments in QuickBooks Online, you can refer to this article for detailed steps and additional information: How to enter and pay bills.
You can assign a currency to most types of accounts, including customers, vendors, bank and credit card accounts, accounts receivable, and accounts payable. Income and expense accounts.
In your supplier information, you can select any currency that applies to a specific supplier you created.
You can check this article that provides a brief description of the effects on the accounts and balances on your company when turning on the Multicurrency feature: About Multicurrency.
Keep me posted if you have additional questions. I’ll be here anytime to help.
