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How to Put Currency Record

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Go to the Lists menu, then Chart of Accounts. In the Chart of Accounts, right-click anywhere and select New. Choose the appropriate account Type and assign a name. Select Save & Close.
Open the transaction details and select Add. In the currency fields, enter the Foreign amount or the Exchange rate your bank provides.
To utilize the Multicurrency function correctly, an Exchange Gain/Loss (Expense type) account must be created in the COA. Then, from the Company tab on the main toolbar, select Manage Currency>Currency List to create a list of currencies used (in your case US $). Next, record (or download) the current exchange rates.
Open the transaction details and select Add. In the currency fields, enter the Foreign amount or the Exchange rate your bank provides.
To transfer funds in QuickBooks Desktop Pro, select Banking| Transfer Funds from the Menu Bar. Enter the date of the funds transfer into the Date field. Then select the bank account to transfer funds from by using the Transfer Funds From drop-down.
The source of foreign exchange rates in QuickBooks Online (QBO) is Wall Street On Demand. You can visit their site through link to get the exchange rates list: http://online.wsj.com/mdc/public/page/2_3021-forex.html.
Before you can choose a currency for an account you must enable the Multiple Currencies feature. To do this, click “Edit” on the main menu in QuickBooks and select “Preferences.” Click “Multiple Currencies” on the Preferences list, click “Company Preferences” and then click “Yes I Use More Than One Currency.”
Activating the Multiple Currencies feature in QuickBooks 2013 lets you choose a foreign currency for a new vendor or customer when you set up their account. The Multiple Currencies feature is activated via the Company Preferences window. You cannot change the currency of an account once it's been created.
Go to the QuickBooks Edit menu, then Preferences. On the left pane, select Multiple Currencies. Go to the Company Preferences tab, then select Yes, I use more than one currency. From the drop-down, select your home currency.
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