QuickBooks Online Multi Currency Receiving Payments From Foregin Overseas Customers And Clients

[@worldwidequickbooks]

Hello to all of my QuickBooks fans using the multi-currency feature in QuickBooks Online!! This QuickBooks Online training tutorial will show you how to record receiving international, overseas payments from customers and clients who must pay you in their own currency. Since this is not your home currency, then the foreign financial institution will convert the funds at the daily exchange rate before depositing it into the bank account with your US dollars. I hope you will click “like” on any video that helped you and I hope you will subscribe! -Mark

[@fatimazurita2295]

Hi there, thanks for sharing all this information! May I ask if is there a way to generate reports in different currencies with Quickbooks? I mean if we have purchase or sales in JPY, for instance, we could see the report in that currency and not in USD as the home currency? Thanks in advance!

[@worldwidequickbooks]

Thank you but unfortunately the reports can be only shown in whatever is declared as the "home currency" and you will always get the home currency, and usually it's in US dollars so you will usually get the US dollar equivalent of the number. I don't think they have that feature yet or will for a while but if you want to be sure you know everything else, you should double click in the top right corner of the video to get the full playlist. Once you watch the full playlist in proper order you should have everything you need. Mark

[@imjishnu6143]

hi sir But the bank feed is not yet reconciled. I raised invoice on USD and receive payment in GBP. When reconciling from the GBP bank feed. I cant find the matching invoices

[@worldwidequickbooks]

Thank you Im, Please re-state your question. I do not understand what you are asking. If you get help from a naitive english speaker to re-ask your question. Then I will be happy to help you. -Mark

[@UgurFromEarth]

@@worldwidequickbooks let me ask again and the same question. The invoice currency is USD, Home Currency is GBP. Deposited in the bank account GBP for the USD invoice. When the payment is deposited in the bank account, it is GBP. Yet, the customer invoice currency is USD. We can make "Receive Payment" in USD currency but how can we match payment deposit which is GBP currency?