I want to change the home currency?

m-zaitoon · ‎February 16, 2020

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

ChristieAnn · ‎February 16, 2020

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.

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Fiat Lux - ASIA · ‎February 16, 2020

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

ChristieAnn · ‎February 16, 2020

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.

Bilal Afridi · ‎September 12, 2020

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

Jen_D · ‎September 12, 2020

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 · ‎March 04, 2021

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 · ‎March 04, 2021

@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 · ‎March 04, 2021

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

raheelcbs · ‎November 07, 2022

@Jen_D what if someone really need to change the home currency , is there any option quickbooks provide to reset the currency setting to its default.
my multicurrency is on so currency is not editable anymore.
I want back my USD home currency anyway.

Thank you.

Fiat Lux - ASIA · ‎November 07, 2022

@raheelcbs

Where is your company located?

Which QBO region do you have?

raheelcbs · ‎November 13, 2022

Hey , I am using sandbox company for my development and somehow I have changed my home currency from USD to Euro, now this is not editable.
I am using USA region.

Rose-A · ‎November 14, 2022

Hey there, raheelcbs.

As mentioned by a peer above, once you modify the currency and save the changes, the action is irreversible and cannot be undone. You will see this information in this article: Turn on Multicurrency.

However, if the company is new, we can either delete the data by purging the file or canceling the account and starting over. Here's a link to more information on this: Delete your data and start over in QuickBooks Online.

Please keep me updated if you have any additional questions about QuickBooks Online currencies, raheelcbs. I'm always willing to help out. I wish you and your company continued success.