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Subject Author Date
multiple currencies in QuickBooks? M. A. Davis 05-08-2006
Posted by M. A. Davis on May 8, 2006, 7:26 am
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 My accountant has strongly recommended that I move from Quicken to
Quickbooks. However, my business typically has transactions in at
least 4 different international currencies.

I am presently using Quicken UK v.6, which can handle dozens of
currencies simultaneously.

Intuit's website states:

"Only the Canadian version of QuickBooks (Pro and Premier) can handle
multiple currencies (Canadian and US dollars). Any currency can be set
up and configured in this version."

Does this mean that Canadian Quickbooks is limited to only two
currencies?

TIA


Posted by !-! on May 8, 2006, 8:25 am
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 Nope, I have three clients doing business in 4 currencies or more, no
problems.


> My accountant has strongly recommended that I move from Quicken to
> Quickbooks. However, my business typically has transactions in at
> least 4 different international currencies.
>
> I am presently using Quicken UK v.6, which can handle dozens of
> currencies simultaneously.
>
> Intuit's website states:
>
> "Only the Canadian version of QuickBooks (Pro and Premier) can
> handle
> multiple currencies (Canadian and US dollars). Any currency can be
> set
> up and configured in this version."
>
> Does this mean that Canadian Quickbooks is limited to only two
> currencies?
>
> TIA
>



Posted by Fred Smith on May 8, 2006, 10:10 pm
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By default, Canadian Quicken handles 26 currencies. Exchange rates are
downloaded whenever you do a One Step Update. You can also create your own
currency, but you will have to update its exchange rate manually.

--
Regards,
Fred


> My accountant has strongly recommended that I move from Quicken to
> Quickbooks. However, my business typically has transactions in at
> least 4 different international currencies.
>
> I am presently using Quicken UK v.6, which can handle dozens of
> currencies simultaneously.
>
> Intuit's website states:
>
> "Only the Canadian version of QuickBooks (Pro and Premier) can handle
> multiple currencies (Canadian and US dollars). Any currency can be set
> up and configured in this version."
>
> Does this mean that Canadian Quickbooks is limited to only two
> currencies?
>
> TIA
>



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