I activate multicurrency module.I made transfer from SGD account to USD account. When making a journal entry, only one currency possible. Shall I convert imanually ?

multicurrency : how to recard transfer from one currency to the other ?


Hello there, vbarre.

Income and expense accounts always use your Home currency. You can manually edit the exchange rate for a currency from the Currency Center. Here's how:

  1. Select the Gear icon on the Toolbar.
  2. Under Lists, select Currencies.
  3. Locate the currency to change.
  4. In the Action column, select Edit currency exchange.
  5. In the Edit currency exchange rate dialog, select Your rate.
  6. Enter the new rate in the field provided.
  7. Select Save.

Once done, the exchange rate is now updated. I'm also including these articles for your reference:

Please know that I'm only a post away if you have any questions about QuickBooks.

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