Sunday, 15 October 2017

Quickbooks Multicurrency Support and Many More

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You have some problem in multicurrency  option of quickbooks. Here is solution. The follow are some tips of Quickbooks Multicurrency.

  • QuickBooks lets you track your business transactions in multiple currencies
  • ·         To turn on multicurrency, go to Gear > Company Settings > Advanced >  Currency.

  • ·         When you add a new customer or vendor, you can  choose their currency.
    ·         WARNING: You can’t turn off multicurrency once you turn it on!


When you turn multicurrency on, you’ll see these changes:
  • ·         A  Currencies list appears in Gear > Lists, where you can see a list of currencies used and their exchange rates, and add new ones.
    ·         QuickBooks Online handles exchange rate updates automatically, although you can override a rate if you need to. 

    ·         Reports convert all foreign currency to home currency amounts, and automatically track exchange rate changes.