Hello there, @AN34. Let me share some information on how to put the exchange rate in your Journal Entry.
To begin with, please ensure to turn on the multi-currency feature in the Accounts and Settings.
Once done, let's go to the Journal Entry and begin navigating by following the steps I've provided below:
- Click the +New, then select Journal Entry.
- In the Currency field, choose a different currency.
- After this, you can now input the exchange rate.
Please note that some accounts, such as Home Currency, Account Receivable, and Accounts Payable, do not have an exchange rate.
Moreover, you can check out this article if you get an alert because your accounting has journal entries that mix currencies for customers or vendors: Mixing currencies in journal entries.
You can also check out this article to learn how to enter your exchange rates so you can use them for foreign currency transactions: Enter and use your exchange rates in QuickBooks Online.
Let me know if you have additional concerns about exchange rates in Journal Entry or any QuickBooks-related queries. Keep safe.
