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Home   Help with Intuit Products   Ask the Expert Event   QuickBooks 2010, QuickBooks Errors, and Speeding up QuickBooks Performance with Mike Block  
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05/24/2012 at 04:51PM PDT
Important Announcement! A planned system-wide upgrade will take place over the Memorial Day Weekend in the US (From Thurs, May 24, 2012 at 6 pm PDT thru Tues, May 29, 2012 at 5 am PDT). This includes QuickBooks, QuickBooks Payroll, Point of Sale, & Salesforce.com. This is only for US based products. This does not affect QuickBooks Online customers! During this time, you can shop, but can’t place orders online, activate products or update account info. We apologize for the inconvenience & thank you for patience while we improve our infrastructure to better serve you. International versions are unaffected. For more info, see our community discussion.
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Haim9747
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Haim9747
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11/03/09 11:03am PST
Viewed by asker 11/05/09 3:39pm PST

How to register the value of a currency option and handling the exercise of the option

HOw do I enter a currency option in QuickBooks when the proceeds of the currency option received form the bank is in EUR or AUD and not in USD. Also how I handle the currency option exercise or expiration, which is let say is in 6 months

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Mike Block CPA
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11/05/09 11:30am PST

You mean an option to buy or sell the currency in the future?

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Mike Block CPA
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11/05/09 12:30pm PST

QB will let you set ONE foreign currency in any option. This is a one time Edit, Preference. However, QB is generalized accounting software, not a currency trading specialty product. I am also out of date on such trading.

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Thanks Mike, I responded you on the other question. It seems that QB is not suitable for businesses which are engaged international trade, or in currency hedging or trading. It is time for Intuit to go global like SAAP

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