Multicurrency Journal Entry posting not working
We are in Lebanon where home currency is LBP.
We also use USD in transactions within the country.
We used to be able to create Journal entries for our suppliers who bill us in USD, set the exchange rate, and post to the Accounts Payable account, which has to be in LBP.
Two weeks ago, this has stopped working. QBO is requiring us to manually translate the amounts before posting them to any account.
the transaction amounts and all the accounts used in the JE are in the same currency, USD, which is different from home currency. And that's why i need QBO, to do this translation automatically.
This unfortunately renders the multicurrency option in QBO useless. If i have to do things manually, then I would not need QBO for this!
QBO should not claim they support multicurrency if they require their subscribers to do manual calculations as workarounds!
If anyone has an answer or a solution to this, please reach out.