Welcome to the Community, @kerem-turgay-bol. I'll share information on how multi currency works in QuickBooks Online (QBO). In QBO, we can turn on the multicurrency feature. However, the home currency is usually the currency your business uses for the transactions based on where your business is located. You can change the home currency if needed by going to Settings. Here's how: Go to Settings, then select Account and settings.Select Advanced.In the Currency section, choose Edit ✎.From the Home Currency ▼ dropdown, select your currency.Select the Multicurrency checkbox and confirm that you understand that you can't undo this option.Select Save. To learn more about this, check the article: Set up and use multicurrency in QuickBooks Online. For more information about multicurrency, check out these articles below. It has steps and details to guide you. Learn about Multicurrency in QuickBooks Online.Learn about exchange rates in QuickBooks Online.Enter home currency adjustments for your foreign balances.How to add a foreign currency account. Get back to us if you have other questions about multi currencies. The Community is always ready to help you out.

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kerem-turgay-bol

Question

We have bank accounts in multiple currencies (GBP, EUR, USD). However the cash flow on the dashboard just shows GBP cash status and flow.

Forum|Forum|2 years ago
February 26, 2024
1 reply
4 views

No text available

QuickBooks Online

DebSheenD

Level 5

Welcome to the Community, @kerem-turgay-bol. I'll share information on how multi currency works in QuickBooks Online (QBO).

In QBO, we can turn on the multicurrency feature. However, the home currency is usually the currency your business uses for the transactions based on where your business is located. You can change the home currency if needed by going to Settings.

Here's how:

Go to Settings, then select Account and settings.
Select Advanced.
In the Currency section, choose Edit ✎.
From the Home Currency ▼ dropdown, select your currency.
Select the Multicurrency checkbox and confirm that you understand that you can't undo this option.
Select Save.

To learn more about this, check the article: Set up and use multicurrency in QuickBooks Online.

For more information about multicurrency, check out these articles below. It has steps and details to guide you.

Get back to us if you have other questions about multi currencies. The Community is always ready to help you out.

kerem-turgay-bolAuthor

Thanks for the answer.

We have done this, but the cash amount on the dashboard still just shows the total of bank accounts which are in "home currency" . It ignores the bank accounts which are in other currencies.

GeorgiaC

Level 13

Thanks for getting back to us, kerem-turgay-bol. Apolgoies for any miscommunication in the previous post.

The cash flow planner in QuickBooks Online UK doesn't support multicurrency and isn't available if multicurrency has been enabled in the account settings.

For further information on the feature, see here. If you have any further questions, get back to us below.

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