Can QuickBooks Print Checks In Currencies Other Than the US Dollar?
QuickBooks 2009 and Enterprise Solutions can print checks in currencies other than the US dollar (USD), with a few words of caution. Each time you attempt to print checks in a currency other than the...
View ArticleHow Can I Transfer Funds Between 2 Bank Accounts Maintained In Different...
QuickBooks 2009 and Enterprise Solutions 9.0 (and later) support transactions in multiple currencies. Each account, customer, and vendor has an associated currency. Multi-currency support in QB does...
View ArticleHow Do I Record a Gain or Loss On Funds I Transferred To a Foreign Bank Account?
Recording a gain or loss on funds transferred to a foreign bank account is accomplished by the Company->Manage Currency->Home Currency Adjustment menu selection. First, enter the Date for the...
View ArticleHow Does QuickBooks Calculate and Record a Home Currency Adjustment?
In QuickBooks the home currency adjustment is calculated based on the difference between the exchange rate recorded with each transaction and the exchange rate as of the home currency adjustment. It’s...
View ArticleAre There Restrictions On Making General Journal Entries In a Multicurrency...
Yes, there are a few restrictions on making General Journal entries in a multicurrency environment. Only 1 foreign currency is allowed per General Journal entry The currency of the General Journal...
View ArticleDoes QuickBooks Use a Spot or Average Currency Rate When Converting...
A spot rate, but it’s up to the user to download current spot rates (from the Company->Manage Currency->Download Latest Exchange Rates menu selection) or enter an accurate spot rate when...
View ArticleWhat Are the Differences Between A/R Reports In a Multicurrency Environment?
In QuickBooks 2009 there are 6 reports to provide information about what customers or clients owe to a firm. They are: A/R Aging Summary A/R Aging Detail Customer Balance Summary Customer Balance...
View ArticleWhat Is the Source of Intuit’s Foreign Exchange Rates?
The source of foreign exchange rates in QuickBooks is Wall Street On Demand, a company that provides data and tools to the financial services industry. The question on data source for foreign exchange...
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