We purchase in USD from a single vendor in the US and sell in CAD. I am paying a third party more than qbo for this one feature. The COG has to be fixed and accounted for in USD. Such an obvious enhancement to your system which would impact many of your qbo customers. FreeAgent is doing this rather well.
Every time I create an invoice or a PO, my product price is different! Very frustrating!
I have 2 possible solution1
1.) Have a switch to turn on/off the automatic exchange rate default to Wall Street Journal daily rate. That way I can set my own exchange rates and then set my product purchase and sale prices with an AUD price that exchanges to the exact purchase and sale price - and doesn't change every day!
2.) Make a way to log in purchase prices in the local currency (in my case USD, TWD and THB). And make a way to make the sale price in multiple currencies (in my case USD and AUD)
I encounter the same issue.
We can't appropriate record a bill and make payment in a different currency without this feature. My request is to make payment by USD bank accounts for bills in CAD.
Currently, we have to set up the supplier as USD and manually change the bill in USD currency. It doesn't make sense.
If we try to record the bill in Canadian and make payment in USD through journal entry, the A/P will not be marked as paid. Thus, there are no real solution for such common transactions for now.
Many companies operate branch offices in foreign countries QBO needs foreign currency capabilities
Multiple Currency functionality needs to be in your US version of Quickbooks Online.
Multi currency Support, or are american companies not allowed to do international buisness ????
PLEASE PLEASE a multi-currency feature, we live in a global environment where we do business around the world, please include this feature. I see people have asked for this for years and years and on the PC version has offered it.
Please allow for multi-currency transactions (for example, foreign purchases made in foreign currency (purchasing in EUROs, for example)).
Please enable multi-currency feature. I need Philippine Peso, USD, GBP & EUR currencies.
Multiple currencies! This is absolutely CRITICAL! You need strong support for multi-currency, and it's GOT to be supported across all devices! (YES, iPhone and iPad apps too!)
Multi currency support!
I want to have a multiple currencies option in my products and services
remmittance should show credits applied
need to have vendor statements
need multi currency to be more robust
Be able to create invoices in EUR and receive payments in USD.
Foreign Currency Transactions
e.g. being able to book some transactions in EUR and convert to USD