cancel
Showing results for 
Search instead for 
Did you mean: 
m-zaitoon
Level 1

I want to change the home currency?

I have not the choice to change my Home Currency in my global account? I need help here.

Solved
Best answer February 16, 2020

Best Answers
ChristieAnn
QuickBooks Team

I want to change the home currency?

Hi there, m-zaitoon.

 

The multicurrency feature is only available for QuickBooks Online Essentials, Plus, and Advanced. You should be able to see this option from Account and Settings under the Home Currency if you've subscribe to one of the version mentioned above. 

 

You can change your home currency as long as you have not set up Multi Currency yet. If so, please follow the steps below on how change home currency.

 

1. Click the Gear icon at the upper right corner.

2. Select Account and Settings. Then choose Advanced tab.

3. Go to Currency section. Then click the pencil icon. 

4. Choose your Home Currency from drop-down arrow.

5. Hit the Save button. Then Done.

 

If Multi currency is already turned on, take note that QuickBooks doesn't allow you to change the home currency. This is to avoid messing up the account, especially when adjusting the sales tax.

 

Please check these articles how multicurrency gives you the ability to record transactions in foreign currencies and to see different information about Home currency adjustments that can help you when using the Multi-currency feature in QBO:

 

Please know that you're always welcome to post if you have any other concerns. Wishing you and your business continued success.

View solution in original post

7 Comments 7
Fiat Lux - ASIA
Level 15

I want to change the home currency?

Where is your company located? What is your current home currency?

ChristieAnn
QuickBooks Team

I want to change the home currency?

Hi there, m-zaitoon.

 

The multicurrency feature is only available for QuickBooks Online Essentials, Plus, and Advanced. You should be able to see this option from Account and Settings under the Home Currency if you've subscribe to one of the version mentioned above. 

 

You can change your home currency as long as you have not set up Multi Currency yet. If so, please follow the steps below on how change home currency.

 

1. Click the Gear icon at the upper right corner.

2. Select Account and Settings. Then choose Advanced tab.

3. Go to Currency section. Then click the pencil icon. 

4. Choose your Home Currency from drop-down arrow.

5. Hit the Save button. Then Done.

 

If Multi currency is already turned on, take note that QuickBooks doesn't allow you to change the home currency. This is to avoid messing up the account, especially when adjusting the sales tax.

 

Please check these articles how multicurrency gives you the ability to record transactions in foreign currencies and to see different information about Home currency adjustments that can help you when using the Multi-currency feature in QBO:

 

Please know that you're always welcome to post if you have any other concerns. Wishing you and your business continued success.

View solution in original post

Bilal Afridi
Level 1

I want to change the home currency?

I already have turn on the multi currency but forgot to change the Home Currency. How can I change it now?

 

Jen_D
Moderator

I want to change the home currency?

Hi there, @Bilal Afridi,

 

Part of the agreement before turning on the Multicurrency feature in QuickBooks is its fixed the home currency. See this:

Once you save the changes, the action is irreversible and you can no longer recall it at a later point in time. You will see this information in  this article: Turn on Multicurrency

 

However, if your company is new, you have the option to delete your data by purging the file or cancelling the account and starting all over again. Here's a link to where you can find the information about this: Delete your data and start over in QuickBooks Online

 

Let me know if you have any questions. I'll be right here if you need anything else. Have a good one!

 

 

mkraker
Level 1

I want to change the home currency?

I am on Quickbooks desktop Mac 2021 free trial, and there is no 'Gear' and no ability to change currency. We operate in USD and my invoices are showing pounds... what would you recommend?

Fiat Lux - ASIA
Level 15

I want to change the home currency?

@mkraker  

Afaik, QBD Mac doesn't support multi currency and it will use the currency setting on you Mac as the home currency of your QBD. It is possible you set GBP as the currency setting on you Mac. 

mkraker
Level 1

I want to change the home currency?

I updated my region on my computer and the currency changed immediately--thank you for your help on this!