How can I use the P&S "purchase price" when I buy in a for. currency? I buy my widgets in USD and sell in CAD. my POs populate my purchase price in the wrong currency.

Thanks, I'm not sure I'm conveying the right question though.

Let me set the scene:

My home currency is CAD, I live in Canada.

Supplier is WidgetMaker and he is in the USA and sell to me in USD. I have set his Supplier profile to indicate that I buy from him in USD.

I have entered Widget into QBO as an Inventory item in the Products and Services page.  As my home currency is CAD, I enter my sales price as $10. I enter my purchase price as $4 (which represents $4 USD, as I can not predict the exchange rate, but I do know that he always wants $4 USD for each widget I buy) and my preferred supplier as WidgetMaker.

Here's were the trouble starts - I start a new PO for Widgetmaker and select Widget from the Product/Services. It populates with the correct description but enters $2.99 USD as the buy price. $2.99 USD = $4 CAD. 

How do I either:

1) select the currency that i purchase products in on the P&S page, or

2) have QBO recognize that when I select a prefered supplier that I am enter the purchase price In that suppliers home currency

Any suggestions? It really defeats the purpose of entering a purchase price if i have to re enter it on the PO.

Thanks