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Hi, Example: Sales 100 Amount received 90 and 10 was the exchange rate can you guide us how to capture in quickbooks

 
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Hi, Example: Sales 100 Amount received 90 and 10 was the exchange rate can you guide us how to capture in quickbooks

I'm glad you made it here, finance130.

 

Let me help you in recording the amount received with an exchange rate in QuickBooks Online (QBO).

 

I'll show you how to add the exchange rate when you create a transaction for your customer (Invoice) or supplier:

 

  1. Create the Invoice or Bill by clicking the +New icon.
  2. Under the Customer or Supplier name field, select the Currency field.
  3. Enter the exchange rate to use for the new currency.
  4. Select Use for this transaction only or Use for all new transactions in (currency) for (date).
  5. Complete the transaction and select Save.

Learn more about how exchange rates work in QBO through these articles: 

You can review the transaction from the Currency & Exchange Rates list. This will display the new currency with the most recent rate.

 

To do that:

 

  1. Go to the Gear icon.
  2. Under List, choose All list.
  3. Select Currencies.

Be sure to get back to me if you have additional queries. I'll be around to answer them for you. Have a good one.