QBOA Tutorial: Currency
Our newest QuickBooks Online Advanced tutorial discusses settings around multi-currency. We’ll go over choosing your home (base) currency so that when you run balance sheets or reports, it shows that currency in the reporting. Multicurrency allows you to use different forms of currency (which makes sense if you have multiple bank accounts in different currencies).
We also go over why you may not want to have the multicurrency setting on. For example, you may have customers that do business with you outside of your country and pay you in their countries currency instead of your preferred. When we create an invoice, we build it so it reflects that currency and we have an exchange rate on how that currency converts to US dollars. When the customer pays, they are subjected to the “always changing” exchange rate. You can also watch here.
About QuickBooks Online Advanced
QuickBooks Online brings you the power and efficiency of the cloud with real-time access to your books from any mobile device or computer. Setup and use quickly–no software to install and personalized for your business. You can import data from Excel, and previous versions of QuickBooks Online. Manage your cash flow better with easy bill management. Reduce data entry errors with automatic download of bank and credit card transactions. Access insightful built-in reports to understand the health of your business. Manage your business on the go by accessing your account anywhere/anytime via any device.
QuickBooks Online is easy to setup, learn and use. Create professional online invoices in just a few clicks. Reduce manual data entry errors by automatically downloading your bank and credit card transactions. Access 20+ insightful built-in reports to understand the health of your business. Manage your business on the go by accessing your account anywhere, anytime on any device. Expand your QuickBooks Online functionality by easily syncing with 350+ apps. Seamlessly collaborate with your accountant to make tax time a snap. Live US based phone support at no cost.
Fourlane’s professionals help you find the right course of action with any needs you might have. Whether you need consultations, conversions, file reviews and more, we’ll help you. Additionally our specialists assist you so that you are confident in getting what you need, when you need it.
Interested in QuickBooks Online? Click here to learn more.