Читать книгу QuickBooks Online For Dummies - David H. Ringstrom - Страница 43

You need the Multicurrency feature only if you work with customers or vendors whose base currency is different from your base currency. Suppose that your home country doesn’t use U.S. dollars, and you buy and sell only in your home country’s currency. In this case, you work in a single currency, and you don’t need the Multicurrency feature. Instead, you need to use the International version of QBO and set your home currency to the proper denomination.

If you turn on the Multicurrency feature, you can’t change your home currency. If your home currency isn’t the U.S. dollar, you can’t use many U.S.-based services, such as Payroll and Payments.

Because you can assign only one currency to each account, customer, or vendor, you need to add new asset and liability accounts, customers, and vendors for each currency that you’ll use in transactions. As you create these new elements in QBO, you assign to them the currency you want to use. Be aware that after you’ve posted a transaction to an account, a vendor, or a customer, you can’t change the currency for the account, vendor, or customer.

Income and expense accounts continue to use your home currency — the currency of the country where your business is physically located.

If you’ve decided to use the Multicurrency feature, follow these steps:

1 Choose your home currency.

2 Turn on the Multicurrency feature on the Advanced tab of the Accounts and Settings page.

3 Set up the currencies you intend to use.

4 Add customers, vendors, and asset and liability accounts for each currency you expect to use.Note that QBO automatically creates accounts receivable (A/R) and accounts payable (A/P) accounts in the foreign currency after you create one foreign sales and one foreign purchasing transaction, so you don’t need to set up those accounts.

5 Enter transactions.