How to change the currency of the sales tax account? (GST/HST and QST payable)

Hi,

My company home currency is in USD. However, some of the account in the cart of accounts are in CAD or EUR. I understand that the tax codes (HST, GST or QST) are linked to a liability account (in my case GST/HST payable or QSt payable). Those liabilities accounts were set up in USD. I am wondering how I can change the currency from USD to CAD. Please bear in mind that some transactions have already been booked in those accounts.

If I cannot change the currency, how do I create new accounts linked to the above mentioned tax codes?

Thank you!

Answer

Hello PatriciaH,

When you use multi-currency, all sales tax liability accounts will be in the home currency. At this time, there isn't an option to change the currency of those accounts or link new ones to your sales tax codes.

I recommend submitting a feature request to the developers by going to the Gear icon and selecting Feedback. This will help them know what kinds of features you'd like added in future updates.

If you have more questions, please reach back out.

Sharon

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IntuitSharon , Community Support Specialist
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