QuickBooks Multi-Currency: How It Works & Can You Turn It Off?
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Managing international transactions can be complex, but QuickBooks simplifies the process with its Multi-Currency feature. This feature allows businesses to handle transactions in multiple currencies, making it ideal for companies that deal with international clients, vendors, or bank accounts. However, once enabled, it comes with certain restrictions. In this article, we’ll explore how QuickBooks Multi-Currency works and whether you can turn it off after activation. How QuickBooks Multi-Currency Works QuickBooks Multi-Currency enables businesses to record transactions in different currencies while maintaining accurate exchange rate calculations. Here's how it functions: 1. Enabling Multi-Currency · The feature is available in QuickBooks Desktop (Pro, Premier, Enterprise) and QuickBooks Online . · Once enabled, you can assign different currencies to customers, vendors...