foreign currency transaction import

I have a prepaid credit card. I have set up an account for that in QB accordingly. The native currency of the credit card is HKD. The credit card has been charged with Euros and USD. When I import the credit card statement (OFX file) it shows all the transactions in HKD but not converted (meaning if I got charged 4 Euros it says it is 4 HKD). I don't see a way to change those transactions manually. 

If I import the same file into Moneydance it is all shown correctly. 

I have activated the multi-currency version of QB. How can I make sure the transactions get imported correctly? Preferably without me having to go in and change all the currencies to the right one manually. 


Hi Gomik, 

You can create a dummy account for your Euro transactions.

Here's how:

  1. Click Accounting in the left panel.
  2. Select Chart of Accounts.
  3. Click New.
  4. Enter the necessary information.
  5. Select EUR Euro.
  6. Click Save and Close.

Then, transfer these transactions to your Euro account. 

Here's how:

  1. Click the Plus icon.
  2. Select Transfer,
  3. In the Transfer Funds From drop-down, select the dummy account created.
  4. Choose Euro account in the Transfer Funds To drop-down.
  5. Enter the Transfer Amount.
  6. Click Save and Close.

Please check this article for more information: Multi-currency tips and tricks.

Another option is to calculate manually the exchange rate before entering it in your QBO account.

Feel free to let us know if you need further assistance. We're here to help you.

Was this answer helpful? Yes No
IntuitMariaS , Community Support Specialist
Employee SuperUser
2 additional answers

No answers have been posted

More Actions

People come to QuickBooks Learn & Support for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Qb community
Looking for advice from other business owners?

Visit our QuickBooks Community site.