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Discover the updated GST rates in QuickBooks Online Singapore Find out more

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MirriamM
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Hello there, @4043 4782 6. Welcome to the thread.

 

The exchange rates that QuickBooks Online (QBO) uses are from IHS Markit. And the rate showing in your QBO account changes day by day depending on the new rate. That said, when toggling the dates, the exchange rate differs. If you prefer to use your exchange rates, you can do so by following these steps:

 

  1. In the left menu, click the + New button.
  2. Choose the transaction you want to enter.
  3. From the ▼ dropdown, select the customer or supplier.
  4. In the Rate field, enter the exchange rate.
  5. Enter the necessary transaction details.
  6. Select Save and close.

 

For more details, see this reference for a guide in manually editing the rate: Enter and use your own exchange rates

 

In addition, for more insights about how exchange rates work in QBO, take a look at this article: Learn about exchange rates in QuickBooks Online.

 

Keep in touch here in the thread if you need more assistance with exchange rates in QuickBooks. We're always available to help you out. Have a great day.