Since your using the Canadian version of QB it has foreign currency accounting built-in, but it’s an option that has to be switched on.
Sorry to say that almost everything you have been doing is wrong. Good news is that right ways are much easier and are mostly self-evident once multi-currency […]
Resolution for 'CAD records issue: 'How do I record FOREX transactions in Quickbooks desktop?' available: Yes.
The CAD records 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 CAD records issue yourself by looking for a resolution described in the article. If it is a complex CAD records issue or you are unable to solve the issue, you may contact us by clicking here or by using other CAD records support options.
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