You can only allot one currency per vendor or customer profile.Step 2- Embed the foreign currency vendors and customers: Hit the drop-down button then choose the home currency.Select Company preferences option then hit Yes, I use multiple currencies.Locate the Edit button then choose Preferences.Here is the list of steps you need to setup multiple currencies in QuickBooks: Step1- Turn on the Multicurrency option: Read More: How to fix when balance sheet out of balance in QuickBooks? How to set up and use multiple currency in QuickBooks? You won’t be able to use income tracker, insights & bill tracker, to enter or delete invoices in batch, choose multiple customers in the Time & expenses page, exchange information with QB for Mac, and online invoice payments.

However, they won’t get affected after enabling this option QB add-ons like Statement writer & fixed Asset Manager use U.S currency.Ensure that you have created a backup of the QuickBooks company file. You need to know once you turned on the Multi-currency option then you can no longer disable it.Understand the QuickBooks Currency Settings: What are the things you need to consider before turning on Multicurrency in QuickBooks? The below article is rounded up with the information guide to solve QuickBooks multi currency problems & to setup and use multi-currency in QuickBooks. Hence if you have bank accounts that use foreign currencies then you need to enable the multicurrency option to track such transactions, exchange rate gains & losses.

Quickbooks multi currency issues