Hi there, good evening!
Currently my home currency is EUR but I need to change it to USD home currency because I have moved to another country. I am working with multiple currencies so that means I need to set up a new Quickbook account.
No problem and for the current assets its easy to do. But what with the ledger Owners Equity for example? Now it is in EURO, but it would be in the new home currency USD setting up the begining balance within the Quickbook new account. Which exchange rate (EUR - USD) shall I use as the beginning balance? Or how does that work?
Any suggestions?
Kind regards,
Anita
