How to set up Multicurrency in QuickBooks Online

This article guides Webgility Online users on how to enable the Multi-Currency feature in QuickBooks Online. Enabling this feature allows businesses to manage transactions in multiple currencies, track exchange rates, and generate accurate financial reports for international operations. Users are advised that once activated, the Multi-Currency feature cannot be turned off. The setup process involves navigating to Account and Settings via the gear icon, accessing the Advanced section, enabling Multi-Currency under Currency settings, confirming acknowledgment that the feature is irreversible, and saving the changes.

Overview:

The multi-currency feature in QuickBooks Online lets businesses handle transactions in different currencies, track exchange rates, and generate accurate financial reports for international operations.

Note: This feature of QuickBooks Online is Irreversible – Once turned on, it cannot be turned off.

Step to follow:

Step 1: Log in to your QuickBooks Online Account and click on the gear icon in the upper right hand corner.

Step 2: Select Account and Settings.

Step 3: Click on Advanced

Step 4: Scroll down to the Currency section and click the Edit button(pencil icon).

Step 5: Check the box for Multicurrency and the I understand I can't undo Multicurrency box. Then click save.