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Hey there, mangojuice.
Thanks for joining us here in the Community! I'd be happy to guide you in the right direction.
Since QuickBooks is set by default to CAD currency this will also show all USD transactions as CAD on reports. You may need to revalue the currency to make it balance. I recommend taking a look at this article about how to enter and use your own exchange rates in QuickBooks Online. Feel free to also leave feedback for our developers. Comments are viewed and considered as they create new features and updates for QuickBooks.
If you have any other questions, feel free to reach back out here.