QB Issue Resolution:

I’ll share some insights about matching your suppliers’ payments on foreign currency.

 

QuickBooks Online (QBO) is designed to have one currency per supplier. You’ll need to create a new supplier with an identified name but with a different currency. For example, if the supplier’s name is ABC, you can set him up as ABC1 to differentiate the two suppliers’ currencies. Here’s how:

 

  1. Go to Expenses from the left menu.
  2. Select Suppliers.
  3. Click New supplier at the upper right.
  4. Complete the fields in the Supplier Information window. On the I pay this supplier with drop-down, select the correct currency for the supplier. 
  5. Click Save.

For more information, you can check out this article: Suppliers Overview.

 

After that, when you record and pay bills, the supplier’s foreign currency will be automatically updated. Please see the screenshot to serve as your visual guide.

 

 

 

For more details about multi-currency in QBO, here’s a great article you can refer to: How Multi-Currency Works.

Resolution for Issue 'How should I match payment to suppliers on foreign currency' available: Yes (Solved).
Source: Intuit Community forum.

How should I match payment to suppliers on foreign currency: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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