Question
When a transaction is recorded in foreign currency, Quicbkbooks Online records the debits and credits in both the foreign currency values and the home currency
When a transaction is recorded in foreign currency, Quicbkbooks Online records the debits and credits in both the foreign currency values and the home currency values.
Where do the exchange rate come from?
a/ exchange rate are manually entered for each transaction as it is entered
b/ exchange rates come from the currency list, which is populated automatically by real time exchange rate every four hours.
c/ change rate come from the currency list, which needs to be manually updated with exchanges rate
d/ exchange rate cannot be changes, they are set when you activate your file and can only be updated once a year for End of Finanical Year
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