MariaSoledadG
QuickBooks Team

Other Questions

May I know how you made the transfer? For now, there isn't a direct way to transfer funds between 2 different currencies. I'm here to guide you on how to deal with your transfers, Deron. 

 

QuickBooks utilizes the exchange rate based on your home currency. As a result, the process for transferring funds involves two steps. You need to transfer the funds to your home currency account. And then move those funds to the desired foreign currency account. It is important to note that QuickBooks only allows the transfer of one foreign currency at a time during this process.

 

This is why you see two (2) transactions when transferring between 2 different currencies. The first transaction is for the original transfer amount in the foreign currency, and another for the exchange rate difference, which will be recorded as gain or loss. Thus, linking them isn't possible. 

 

For more details about home currency adjustments, check out this article for your guidance: Frequently Asked Questions About Home Currency Adjustments.

 

After you transfer funds into different currencies, learn how to review categories to your downloaded transactions. I've added this article for more details: Categorise Online Bank Transactions in QuickBooks Online.

 

Keep in touch if you have any questions about transferring funds or anything about different currencies. The Community folks are always here to help.