Welcome to the Community, Fred. We'll share details about the Multicurrency option inside QuickBooks Online (QBO).
Please know that the feature to add an account that uses a different currency or manage multiple currencies inside your company is only available for Essentials, Plus, and Advanced subscriptions of QuickBooks. That said, if you're using Simple Start, the option won't be available on your end.
If you wish to upgrade your current subscription, we'll be happy to write down the steps to get you going:
After upgrading your subscription, you can check this article for further guidelines on how to utilize the Multicurrency feature inside the program: Set up and use Multicurrency in QuickBooks Online.
Furthermore, here are some articles to help you manage bank transactions and reconcile an account inside QBO:
We look forward to having you here again if you need assistance managing multiple currencies inside QuickBooks. It'll be our pleasure to help you out again. Keep safe, and have a good one.
Thanks Kurt - multicurrency sounds great, but for a lot of small business, sole trader operations who may make a few bucks from affiliate income from time to time, bumping up to the next tier adds unnecessary expenses and not a lot of benefits - except multicurrency - at a cost of more than the incremental income may be...