Setting Up Multi-currency in QuickBooks

Introduction

Multi-currency is an option that's used whenever you need to charge your customers in multiple currencies. In this article, we'll explore using the multi-currency functionality in OfficeRND with QuickBooks.

How to Set Things Up

1. First you can take a look at our article on how to set up multi-currency in OfficeRND.
2. You can then take a look at this article from QuickBooks on how to set up multi-currency.

Note that only one currency can be used per customer. Issuing an invoice with another currency to the same customer will result in a sync error. As a workaround, you can create a second company that uses the other currency so a single customer can receive invoices in multiple currencies.

After completing everything above, you'll be able to use multi-currency with QuickBooks.

Issuing Invoices with Multi-Currency and Syncing Them

Now you can start invoicing companies and members in different currencies. Here are the steps to follow:

1. Create a company/member or open the profile of an existing company/member.
2.  Take a look at the option to set up a currency specifically for a member/company. By using this option, any future invoices will use the preferred currency.
3. Once you've set up a currency specifically for the client, you can go ahead and manually add an invoice.
4. Sync the invoice to QuickBooks.

Alternatively, you can specify the currency of an invoice while adding it manually:

However, this isn't really preferable, since you'll have to set the currency manually every time.
Moreover, only a single currency can be used for the invoices you're syncing to QuickBooks. We suggest using the method explained in the article instead.