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Exchange Gain or Loss Go to the Gear icon at the top and pick Account and settings under Your Company. Choose the Advanced menu on the left panel and click the Pencil icon for Currency. Toggle the slider for Multicurrency to the right to turn it on. Click Save and Close.

The multicurrency feature and foreign currencies are available in QuickBooks Online Essentials and Plus....Add currencies Go to Settings ⚙. Select Currencies. Note: This option is available after you turn on multicurrency. Select Add currency. Select the new currency from the Add Currency ▼ dropdown menu. Select Add.

Open your QuickBooks Desktop, then go to Help. Select Activate QuickBooks, then Begin Registration. Enter the validation code, then select Next.

Add transactions in a foreign currency Go to Bookkeeping then Transactions then select Bank transactions (Take me there), or go to Banking (Take me there). From the For review tab, open the transaction details and select Add. In the currency fields, enter the foreign amount or the exchange rate your bank provides.

You can only assign one currency for each account. You need to create new accounts for your foreign-currency transactions....To manually enter exchange rates: Go to the Lists menu, then Currency List. Double-click a currency. In the Edit Currency window, update the currency exchange rate for specific date/s.

Go to Payroll and then choose Contractors. Select Add a contractor. Enter the Name and Email. Click Add contractor....Please refer to these guides for details: Send international payments using Bill Pay. Sign up for Online Bill Pay (powered by Bill.com) What is Online Bill Pay for QuickBooks Online?

At the date a foreign currency transaction occurs, each asset, liability, revenue, expense, gain, or loss arising from the transaction is recorded in the functional currency of the recording entity using the exchange rate in effect at that date.