Matching foreign currency in QuickBooks Online
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- Опубліковано 16 лип 2024
- In this video we will explain how to match bill payments in a foreign currency with QuickBooks Online.
Expert UK-based QuickBooks Online Support - 01273 441187
Learn how to match bill payments in a foreign currency in QuickBooks Online.
Find Tom on QuickBooks Find an Accountant here: proadvisor.intuit.com/app/acc...
Awesome i was looking for it since 2 days but not found anywhere you are great thanks a lot again.!!!!!!!!
No problem! Any other questions feel free to call us on 01273 441 187
Once again a brilliant help, thank you!
Glad to know we helped! If you have any questions don't hesitate to give us a call! 01273 441 187
Hi Emily, But in many cases, we do not see the option of 'Match' in bank feeds. The only option available is 'Add' and 'Transfer'. How to match the forex payment of bill with auto-matching through given method ?
Thanks
Thanks a lot!!! I didn't think it was possible 🎉 Receiptbank had set my suppliers up automatically in QB with GBP, so QB kept rejecting USD invoices..now sorted thanks
Hi Graeme,
Glad that our video has managed to resolve your issue. Don't forget to subscribe for any future tutorial uploads.
Emily
Hi Emily, what if the payment was refleced in another foreign account? Let's say the home currency is in GBP and the bill is in USD however, the payment is done using the CAD bank account. How do we record the payment in QB Online?
hi. I have a question. I am facing problem with this issue. The entry (bill payment in foreign currency) is there in qbo but not showing after I click on find option (foreign currency). I don't know why is this happening? I need a solution. Thank you.
Hi Marufa,
The problem will be that the GBP amount does not equal what came out of the bank. The solution to this is to edit the exchange rate on the bill payment so that the GBP amount on the payment equals the amount that came out of the bank. Once they equal each other, the match will show :)
@@pjcoaccountants2090 thank you very much for your prompt reply. but there are 7 individual bills which are to be match against one entry/transaction of bank.And I am not seeing it from find option as well. What could be done in this situation? Thank you.
Hi @@marufaakter8914,
Head into 'supplier account' and click 'receive payment' on one of the applicable bills, whilst in this payment, select all 7 relevant bills. Once they are all selected, the amount will be all of the bills added together, then edit the exchange rate. The GBP amount will include all of the bills and will equal what has come out of the bank. Let me know if there is still a problem :)
@@pjcoaccountants2090 I wish I could show you the screenshots of the bill status. is there any way to send you those and discuss with you? because it's not working.
@@marufaakter8914 We can offer you paid advice at a cost of £50 plus VAT where we will login to your QuickBooks after you have granted us access and work through the problem with you. The payment coves problem solving for up to 30 mins. Give us a call on 01273 441187 if you want to take this up.