Re: multi-currency. When I revalue currency it creates a Foreign Currency Loss/Gains for my USD account and posts in my P&L. Unrealised gain/loss should not be in a P&L

Currently, QuickBooks Online (QBO) doesn't have an automatic feature to separate Realised and Unrealised Foreign Currency Gains/Losses into different accounts. When you run a revaluation, the system automatically posts all foreign currency adjustments to a single account on your Profit and Loss (P&L) report.

As a workaround, you can manually create a Journal Entry at the end of each reporting period to move the unrealised portion out of the P&L report. I highly recommend consulting your accountant for accurate guidance throughout the process.

For more information on how multi-currency works in QuickBooks, visit this article: Set up and use Multicurrency in QuickBooks Online.

Feel free to reach out if you have further concerns. We’re always here to help.