Banking

We appreciate you joining the thread, @GenaHop.

We recognize the importance of this matter, and having the automated option when updating the exchange rate can help you save time from dealing with payments inside QuickBooks Online (QBO). Upon checking here on our end, the option is unavailable inside the program, and that said, you'll have to manually toggle changes to update the exchange rates when handling payments.

If you wish to have this feature available, we can help you send a request to our Product Development Team. This way, they'll evaluate your suggestion and consider your recommendation for future program updates. We'll write down the steps below to get you going:

1. Access your QuickBooks Online company.
2. Select the Gear icon at the top, then Feedback.
3. Enter your comments or product suggestions. Then select Next to submit feedback.

Furthermore, here are some articles to help you manage exchange rates, handle foreign invoice payments, and ensuring your data stays accurate inside QBO:

• Enter and use your own exchange rates.
• Receiving and making payment for a foreign invoice/ bill with a foreign currency.
• Run reports in QuickBooks Online.
• Customise reports in QuickBooks Online.

@GenaHop, the Community space is open 24/7 if you have any additional QuickBooks-related concerns or a task you'd like to perform inside the program. We'll be here, ready to help you address them right away. Stay safe, and have a great day ahead!