Press release
The QuickBooks Multicurrency Feature and Its Woes
When using more than one currency, it would be advisable to have this set under account settings by enabling the multicurrency feature.
Once enabled, however, it cannot be turned off and once a home currency is set, it cannot be changed. Rates are updated every four hours from real-time exchange rates. Once enabled, this feature may prevent importing and exporting to other QuickBooks versions, like from Desktop to Online.
On the upside, multicurrency does create invoices with the proper currency icons, provides the proper accounting for exchange rate gains and losses and Self-corrects the home currency in accounts receivable, banks and credit cards can be reconciled in their native currency without having to consider the exchange rate, customers can be invoiced in their native currency and purchase orders can be issued to vendors in their native currency.
If the QuickBooks Multi-currency feature was turned on and now needs to be disabled, E-Tech will work to remove the feature from QuickBooks so the data file. This also helps when the file needs to be converted to QuickBooks Mac or QuickBooks Online.
E-Tech will work towards converting the QuickBooks file with the multi-currency feature turned on to QuickBooks Online or QuickBooks Mac and works with US, Canadian, UK, and Australian (Reckon) QuickBooks data files.
https://e-tech.ca/Quickbooks-Multiple-Currency-Turn-Off.aspx has more information.
Melanie Ann
Media Relations
E-Tech
136 11 th St
Brandon, MB R7A 4J4
Melanie@e-tech.ca
www.e-tech.ca
About E-Tech
E-Tech is the leading service provider of QuickBooks File Repair, Data Recovery, QuickBooks Conversion and QuickBooks SDK programming in the UK and Ireland. In our 20 years plus of experience with Intuit QuickBooks, we have assisted over a thousand satisfied customers with their requirements.
We offer a range of services for existing QuickBooks users and provide comprehensive solutions for small businesses. Additionally, our expertise covers the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).
For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at Melanie@e-tech.ca.
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