QB Issue Resolution:
Note that this feature affects many accounts and balances in your company file and is therefore irreversible. We recommend that you back up your company file before turning this feature on.
To turn on the feature
- Go to the Edit menu and click Preferences.
- In the left Preferences list, click Multiple Currencies.
- Click the Company Preferences tab to display thepreference options.
Because these settings affect all users, only the QuickBooks Administrator can make changes to them.
Important: Because accounts and balances are affected by the multiple and home currency settings, these settings cannot be changed once they’ve been set. We recommend you back up your company file before setting this preference in case you decide later that you don’t want to track additional currencies.
Track multiple currencies in your company file
Choose Yes or No based on whether or not your business buys or sells goods using foreign currencies and whether or not you want to track those currencies in QuickBooks.
Select home currency
In most cases, the home currency is the US dollar (USD). Your home currency is the currency of the country where your business is physically located.
Important: If you choose to set a home currency other than the US dollar, Intuit services such as payroll and online banking will not be available as these services are only available in US dollars.