Question

Does Quickbooks online accept bank transfers for Europe for payment of invoices?

Forum|Forum|3 years ago
December 14, 2022
3 replies
15 views

No text available

QuickBooks Online

Level 9

Hi there, agentl.

Thank you for visiting the QuickBooks Community. Let me discuss various details on how QuickBooks handles invoice payments. Then, I'll ensure you can achieve your goal by performing some alternative steps below.

If you use QuickBooks payments, there is no option in QuickBooks Online to accept bank transfers from Europe for invoice payment or through international banks (QBO). Whether using a credit card or an ACH transaction, the system will reject foreign bank information and display a zip code error. This is because QB Payments is only available in the US region.

For now, you may let your customer use PayPal or I suggest looking for supported third-party apps that allow them to pay their invoice. You can visit this page to choose the right app for receiving international payments: QuickBooks Apps. It contains the complete list of supported QBO apps to accomplish your task.

However, if you're not using the said QuickBooks payments, you can utilize the Multicurrency in QBO. This feature lets you record transactions in the foreign currencies of customers or bank accounts that don't use your home currency. This allows you to accept bank transfers from Europe for payments. Then, you can add transactions in another currency and QuickBooks handles all conversions. To start with, you'll have to turn this option in the Account and settings section.

Here's how:

Go to the Gear icon ⚙ and select Account and settings.
Choose the Advanced tab.
In the Currency section, select Edit ✎.
From the Home Currency dropdown, select your currency.
Choose the Multicurrency checkbox and confirm that you understand that you can't undo this option.
Click Save.

Once done, I recommend creating a foreign currency account to track all of your transactions, including invoice payments. You can open this article to see the steps on how to perform the process: Set up and use multicurrency in QuickBooks Online.

Lastly, you may refer to this article to see details on how the Sales page gives you a great at-a-glance view of the status of sales transactions: View sales transactions.

Don't hesitate to click the Reply button below if you still have concerns about handling your invoice payments in QBO. I'll be here to provide further assistance and clarifications, agentl. Have a nice day.

A

alex371

Is this still the case--that QuickBooks payments doesn't accept international payments?

C

CharleneMaeF

QuickBooks Team

Being able to accept international payments is a great feature, alex.

As of now, QuickBooks Payments primarily focuses on processing payments within the United States. Let's integrate a third-party processor with QuickBooks Online to accept other currencies. I recommend visiting the App menu to find one. I'll show you how:

On the left panel, click Apps.
Go to the Find Apps tab.
Use the search bar to look for an app.

Once done, let's configure QuickBooks to record transactions in multiple currencies using the Multi-currency feature.

I also encourage adding your vote by sending a feature request within QuickBooks. Our product development team reviews all the requests to ensure we provide our customers' needs.

Here's how:

Go to the Gear menu and then select Feedback.
Type in your feature request in the description box.
Once done, click on Next.

Additionally, I've added these articles that'll help you learn more about how payment processing works and the fees needed:

Please don't hesitate to post again if you have further concerns about processing and recording payments in QuickBooks. I'm always glad to help you. Keep safe!

Fiat Lux - ASIA

Level 14

@agentl-inc-gmail

Sign up a Wise Business account to accept payments in EUR and GBP from your clients in Europe. Then you can utilize the bank feeds to QBO.

https://wise.prf.hn/l/64dl92k

E

efenzer-gmail-co

Hello! When will payments work in Europe?

K

Kevin_C

Moderator

I can see that your business definitely needs to use QuickBooks payments in Europe, agentl-inc. Let me share some insights about this capability within the program.

Currently, the QuickBooks payments is only available to the US region. In the meantime, you'll want to search the QuickBooks App Center website for a third-party application that lets you accept payments from other regions. You can use customer reviews to help you decide which app best suits your business type and needs.

For now, I recommend sending your feedback to our Product Development Team so they can review it and might consider implementing it in the future. Let me show you how:

Go to the Gear icon at the top.
Select Feedback.
Type in your feedback and product suggestions.
Click Next to submit them.

Additionally, you can check out this article for helpful information about the items and services you purchase and sell through the system: Use reports to see your sales and inventory status.

Should you have any additional questions or need further assistance with recording invoice payments, please leave a comment below. I'm here to provide the help you need for smooth and efficient QuickBooks management.

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