How can I convert foreign currency balances back to their respective currencies after they were all converted to the home currency during migration?

There's no direct way of converting foreign currency balances in QuickBooks Online.

However, you can create a journal entry to move the balance from the home currency to the foreign one. Hover your mouse over the + Create button and choose Journal entry. Then, select the appropriate accounts to enter your balances.

Because multicurrency adjustments can impact your financial reporting, we highly recommend consulting with your accountant to ensure you're debiting and crediting the correct accounts.

Don't hesitate to visit us again and ask more questions if you need anything else.

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