Chapter 10

Working with Multicurrency

In This Chapter

Turning on multicurrency

Managing currencies

Selling and buying in a foreign currency

Checking whether you came out ahead

You won’t be surprised to hear that QuickBooks makes it very easy to track what you sell and buy in a foreign currency. You can assign a currency to a customer and raise an invoice that shows the prices of your items in a foreign currency. When your customer pays, you can record the payment in the foreign currency and deposit the money into a foreign bank account. The same goes for purchases made in a foreign currency – you can show the value of the bill in a foreign currency and pay your supplier from a foreign bank account, in the currency of the bill. In this chapter, we show you how.