how to change currency in quickbooks 2016

Go to the Lists menu, then Chart of Accounts.

Use the Chart of Accounts to create foreign-currency bank and credit card accounts as needed.

QuickBooks automatically creates a separate account for each currency as you create the transactions. Note: The currency of A/R and A/P accounts must match the currency of the customer or vendor used in the transaction.

Currencies can be assigned to the following account types: Bank, Credit Card, Accounts Receivable (A/R), and Accounts Payable (A/P).

Use the new foreign-currency accounts for transactions after all open balances are closed.

Continue to use the home currency accounts to complete any open balances.

The currency can’t be changed for accounts that already have transactions recorded against them.

All existing accounts will be assigned your home currency.

You need to create new accounts for your foreign-currency transactions. You can only assign one currency for each account.

Assign a Customer (or Vendor) Name and Currency.

In the Customer Center (or Vendor Center), select the New Customer:job (or New Vendor) drop-down, then choose New Customer (or New Vendor).

Go to the Customers (or Vendors) menu, then Customer Center (or Vendor Center).

To add foreign-currency Vendors or Customers: If a name is already listed using your home currency, assign a slightly different name to the foreign-currency customer or vendor that you created.

Use the Customer and Vendor Centers to create foreign-currency customers or vendors.

Use your foreign-currency customers or vendors for any new sales or purchases you create but continue using the home currency names until you complete any current open transactions.

Continue to use these home currency customers or vendors as you close open balances.

The currency can’t be changed for names that already have transactions recorded against them.

All existing customers and vendors will be assigned your home currency when you turn on the feature.

You need to create new profiles to assign a new currency. You can only assign one currency per customer or vendor profile.

How to change currency in quickbooks 2016