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multicurrency: How to change currencies within my chart of accounts? Multi currency option turned on after creating chart of accounts! I need to edit my chart of accounts to reflect our multi currency status. How do I do this? Example: 3300 Projects Revenue Account is in USD right now but need to make it Euros or RSD.

Thanks for reaching out to us.

You can’t edit the account that was set up to USD. You’ll have to create a new account and use the Euros or RSD currency. Here’s how:

  1. On your left pane, click Transactions.
  2. Go to Chart of Accounts.
  3. Click New.
  4. Select the Category Type and enter Name of the account.
  5. Enter Description. (Optional)
  6. Choose […]

Resolution for 'multicurrency issue: 'How to change currencies within my chart of accounts? Multi currency option turned on after creating chart of accounts! I need to edit my chart of accounts to reflect our multi currency status. How do I do this? Example: 3300 Projects Revenue Account is in USD right now but need to make it Euros or RSD.' available: Yes.

The multicurrency 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 multicurrency issue yourself by looking for a resolution described in the article. If it is a complex multicurrency issue or you are unable to solve the issue, you may contact us by clicking here or by using other multicurrency support options.

For more information about resolving issues related to multicurrency in Quickbooks/QBO or to get support for the issue 'How to change currencies within my chart of accounts? Multi currency option turned on after creating chart of accounts! I need to edit my chart of accounts to reflect our multi currency status. How do I do this? Example: 3300 Projects Revenue Account is in USD right now but need to make it Euros or RSD.', click the link below:

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multicurrency: How can I assign multiple currencies to one customer and have an option to choose which currency (USD / Euro / Dirham) I will choose in the invoice. Thanks in advance!

For now, you can only assign one currency per customer. You might want to create different customer profiles for each currency. Then, create an invoice on that profile based on the currency that you will be using.

 

Just make sure to label each profile or add a unique character since you […]

Resolution for 'multicurrency issue: 'How can I assign multiple currencies to one customer and have an option to choose which currency (USD / Euro / Dirham) I will choose in the invoice. Thanks in advance!' available: Yes.

The multicurrency 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 multicurrency issue yourself by looking for a resolution described in the article. If it is a complex multicurrency issue or you are unable to solve the issue, you may contact us by clicking here or by using other multicurrency support options.

For more information about resolving issues related to multicurrency in Quickbooks/QBO or to get support for the issue 'How can I assign multiple currencies to one customer and have an option to choose which currency (USD / Euro / Dirham) I will choose in the invoice. Thanks in advance!', click the link below:

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multicurrency: I want to Turn off multicurrency

Multicurrency has effects on account balances and financial reports. With this, there isn’t currently a way to turn it off once this feature is turned on.

It’s a great idea to have such option in QuickBooks, so I’ll take note of this. I recommend checking out our clicking here or by using other multicurrency support options.

For more information about resolving issues related to multicurrency in Quickbooks/QBO or to get support for the issue 'I want to Turn off multicurrency', click the link below:

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multicurrency: How to change my home currency after turning on multi-currency

Once you turn on multi-currency you cannot change your home currency.

If your account is less than 60 days old, you CAN purge your data and start all over.  Here is the article on that,

https://community.intuit.com/articles/1282054-how-do-i-delete-all-my-data-and-start-over-from-scratc…

Resolution for 'multicurrency issue: 'How to change my home currency after turning on multi-currency' available: Yes.

The multicurrency 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 multicurrency issue yourself by looking for a resolution described in the article. If it is a complex multicurrency issue or you are unable to solve the issue, you may contact us by clicking here or by using other multicurrency support options.

For more information about resolving issues related to multicurrency in Quickbooks/QBO or to get support for the issue 'How to change my home currency after turning on multi-currency', click the link below:

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multicurrency: How to turn off multi-currency

You know that you can’t turn off multi-currency.   Before you switched it on, you had to check a box that said you understand that you cannot turn it off.   I doubt that customer support has a back-end way to do it but maybe they do.

That being said, it is […]

Resolution for 'multicurrency issue: 'How to turn off multi-currency' available: Yes.

The multicurrency 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 multicurrency issue yourself by looking for a resolution described in the article. If it is a complex multicurrency issue or you are unable to solve the issue, you may contact us by clicking here or by using other multicurrency support options.

For more information about resolving issues related to multicurrency in Quickbooks/QBO or to get support for the issue 'How to turn off multi-currency', click the link below:

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multicurrency: How to record the payment of a foreign currency invoice?

Here’s an article that covers how to enter a foreign currency payment (from your bank feeds) – https://community.intuit.com/articles/1207198-how-do-i-add-transactions-in-a-foreign-currency

As for currency fluctuation when you turned on Multicurrency a Chart of Accounts was created for you (Exchange Gain or Loss) you can record your gains/losses to this account.

As for […]

Resolution for 'multicurrency issue: 'How to record the payment of a foreign currency invoice?' available: Yes.

The multicurrency 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 multicurrency issue yourself by looking for a resolution described in the article. If it is a complex multicurrency issue or you are unable to solve the issue, you may contact us by clicking here or by using other multicurrency support options.

For more information about resolving issues related to multicurrency in Quickbooks/QBO or to get support for the issue 'How to record the payment of a foreign currency invoice?', click the link below:

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multicurrency: managing multiple currencies without turning on the multi-currency feature

clicking here or by using other multicurrency support options.

For more information about resolving issues related to multicurrency in Quickbooks/QBO or to get support for the issue 'managing multiple currencies without turning on the multi-currency feature', click the link below:

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multicurrency: How can I include invoices in USD? Many of my clients are overseas and are charged in USD.

First of all, you would need to turn on multi-currency in QBO. The multicurrency feature is available in QuickBooks Essentials and Plus only.

To turn on multicurrency:

  1. Click the Gear icon > Company Settings.
  2. Click Advanced.
  3. Click Currency.
  4. Select your Home Currency
  5. Select Multicurrency to turn this feature on.
  6. Note that once multicurrency is turned on, the home currency is […]

Resolution for 'multicurrency issue: 'How can I include invoices in USD? Many of my clients are overseas and are charged in USD.' available: Yes.

The multicurrency 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 multicurrency issue yourself by looking for a resolution described in the article. If it is a complex multicurrency issue or you are unable to solve the issue, you may contact us by clicking here or by using other multicurrency support options.

For more information about resolving issues related to multicurrency in Quickbooks/QBO or to get support for the issue 'How can I include invoices in USD? Many of my clients are overseas and are charged in USD.', click the link below:

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multicurrency: add invoice that was issues in and paid cash in foreign currency

The first step if you haven’t already is to turn on multicurrency. To do this, go to the Gear Icon, Company Settings, and Advanced. Turn on multicurrency from here, and make sure you select the correct home currency, as this can’t be changed at a later date.

Once you have done […]

Resolution for 'multicurrency issue: 'add invoice that was issues in and paid cash in foreign currency' available: Yes.

The multicurrency 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 multicurrency issue yourself by looking for a resolution described in the article. If it is a complex multicurrency issue or you are unable to solve the issue, you may contact us by clicking here or by using other multicurrency support options.

For more information about resolving issues related to multicurrency in Quickbooks/QBO or to get support for the issue 'add invoice that was issues in and paid cash in foreign currency', click the link below:

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multicurrency: I have customers in many countries. But so far they have all paid in USD and haven’t complained. Is customer convenience the only reason for the multi-currency feature?

multi-currency can not be turned off once you turn it on, with that in mind if your customers are good with paying in USD, I would not rock the boat.  And if you scan this community you will find many threads asking questions about problems with multi-currency and the offset […]

Resolution for 'multicurrency issue: 'I have customers in many countries. But so far they have all paid in USD and haven’t complained. Is customer convenience the only reason for the multi-currency feature?' available: Yes.

The multicurrency 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 multicurrency issue yourself by looking for a resolution described in the article. If it is a complex multicurrency issue or you are unable to solve the issue, you may contact us by clicking here or by using other multicurrency support options.

For more information about resolving issues related to multicurrency in Quickbooks/QBO or to get support for the issue 'I have customers in many countries. But so far they have all paid in USD and haven’t complained. Is customer convenience the only reason for the multi-currency feature?', click the link below:

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