QuickBooks Desktop Multi Currency Credit Card Transactions

[@worldwidequickbooks]

Hello to all of my QuickBooks fans using the multi-currency feature in QuickBooks Desktop!! This QuickBooks training tutorial will show you how to set up your international credit card account with the unit of currency of the foreign country whose bank gave you the credit card (or overseas line of credit). You will record transactions in the unit value exchange rate and QuickBooks converts the transaction amounts and balances in to us dollar equivalent when displaying credit card reports. I hope you will click “like” on any video that helped you and I hope you will subscribe! -Mark

[@petsexpo129]

Sir kindly explain why credit card balance becomes zero in last moment of the video. I am confused you transfer from bank of gayana the whole amount and it must be zero.ok Then why credit card balance turns zero when it gets a transfer from other account and it also had a balance in it.

[@worldwidequickbooks]

Your statement will reflect what the bank says you have but your QuickBooks will only reflect what you record If you do not make the home currency adjustment the way the course shows then the balance that shows in QuickBooks will not be consistent with the statement To understand this you need to watch the full playlist from the beginning The link to the full playlist is in the description field and it is also in the cards that appear in the top right of the video I'm sure if you watch it from the beginning and see all the ideas, especially about home currency adjustment, then you will understand Mark