Using The QuickBooks Multicurrency Feature

As a Certified QuickBooks ProAdvisor in both Canada and the United States, Esther Friedberg Karp has long dealt with multicurrency issues, assisted in part by the Canadian version of QuickBooks, which has had a version of multicurrency capability in earlier iterations. That’s why we asked her to dive deep into the new multicurrency capability in Intuit QuickBooks 2009 financial software. Find out why she says that multicurrency in QuickBooks 2009 exceeded even her expectations. QuickBook Technical Support Number 1-865-407-2488 

In Part I of this two-part series, she walks you through these issues with multicurrency:

Getting Started

The Currency List

How Current Exchange Rates Are Updated

The Effects of Multicurrency on Other Lists

How to Deal with Foreign Selling Prices

How Multicurrency Works behind the Scenes

Intuit QuickBooks 2009 has come out with a dynamite multicurrency function, available in most Windows versions, [Note 1] that truly exceeds my expectations. Not only does it handle all the currencies in the world, it can handle new ones, and it can track historical exchange rates.

My editor wanted me to call this article “Multicurrency Made Easy,” and it’s easier than in other applications I’ve seen, including the Canadian version of QuickBooks from a year back. [Note 2] But multicurrency is easy only once you learn how it works. So at first, it helps to take things slow as we walk through its features. read more....



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