Hey,

The case is the following:

I've set up the multi-currency in QBO. There are several home-currency accounts (USD) plus (from WISE) a GBP (sterling) and EUR (euro) bank account. When setting up QBO converted both in USD accounts, which is completely wrong. They must show up in the currency as they are: in EUR and in GBP. This is important though, to be compliant with the IRS and the citizen home country tax authorities of the member of the LLC.

It should have been like this:

Bank account home currency US LLC 1 - other bank 1 - succesfully added

Bank account home currency US LLC 2 - other bank 2 - sucessfully added

Bank account home + multi currency account US LLC 3 - USD successfully added, £ and € 

The £ and € have been wrongfully and automatically by QBO converted to USD.

I've added them manually in £ and €, but those don't update automatically at all, QBO keeps ongoing with the wrongfully converted USD accounts.

I'd really appreciate if you could help me with this.

After 6 weeks of re-trying and because of that having to file a f7004, which I didn't want to and wouldn't have to when this wouldn't have happened, I'm a little bit hopeless. So, I really appreciate every help to set this right.

Thank you so much in advance!

P.S. I'm not sure if I attach a screenshot this would be visible for anybody, so because of keeping my books private I didn't had the guts to add it. Though I hope my question is clear enough to get me back on my feet again. Thanks again!