QuickBooks Online Multi Currency Revalue Currency Adjustment

[@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 a “revalue currency adjustment”. It’s the same thing as a “home currency adjustment” in QuickBooks desktop. It results in an exchange gain or loss even though it is not a transaction. I hope you will click “like” on any video that helped you and I hope you will subscribe! -Mark

[@omaraissa318]

Best Multicurrency in KZbin. learn by doining that the best. Thank you very much

[@worldwidequickbooks]

My pleasure Omar!! I hope you will "like" and subscribe -Mark

[@Ibraheem_Ashour]

Best channel in KZbin. learn by doining that the best. Thank you very much

[@worldwidequickbooks]

Wow, thanks! If you click in the top right corner of this video you'll get the link to the full multi currency playlist and you can watch it in proper order to really understand everything I hope you will click like after watching each to help support the free channel for everyone and please subscribe Mark

[@annayugova8198]

thank you for this video - what about revaluing other balance sheet accounts, like accrued or prepaid expenses, or unbilled revenue? Is there a way to revalue after you reverse? The exchange rate is updated on the reversal journal entry

[@worldwidequickbooks]

Thank you for asking If you click on the top right corner of this video you'll get the link to the full playlist for multi car and see and that will answer at. Least most of your other questions. It's been a while since I quit the subs so I don't know if something in the playlist will answer your question exactly I can't tell you that if you're just presenting financial statements,. You can just export them to excel and multiply. Every number by the daily exchange rate on the date that the financial statements are declared and that will simply give you the numbers in the other currency. It won't account for any gain or loss on exchange rate so you'll simply be missing that information and that's the information that comes with this playlist Please my make sure you want it in proper order for best understanding. And i'm here if you have any follow up questions Mark.