Thanks for getting back to us, KM402.
Allow me to chime in and share information on how multi-currency works in QuickBooks Desktop.
Reports in QuickBooks Desktop will always reflect the home currency regardless of the currency used in the transactions. The Home currency will be calculated by default.
To enter a home currency adjustment, here's how:
1. Go to the Company menu.
2. Click Manage Currency, and then click Home Currency Adjustment.
3. Select the currency you'd like to enter the adjustment for. You can make adjustments for only one currency at a time.
4. If necessary, update the currency's exchange rate. QuickBooks uses this rate to recalculate your home currency balances. By default, QuickBooks uses the latest exchange rate listed in the currency list.
5. Click the Calculate Adjustment button. QuickBooks displays the balances you have for accounts in the selected currency.
6. Click the checkmark column to select the accounts to make adjustments for and then save the transaction.
Additionally, this guide provides an overview of how to handle different currencies in QuickBooks Desktop: Set up and use Multicurrency.
Let me know how this goes and leave a reply below if you need further assistance managing currency. I'm always here to help. Have a good one.
