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Rea_M
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I'm here to guide you in showing the currency option when adding a new account in QuickBooks Online (QBO), @anusoma. This way, you can open your Fixed Asset account in USD and keep it updated.

 

You'll have to turn on the multicurrency feature so you're able to select the currency (USD) for your fixed asset account. Please note that once you turn on the said feature, you're unable to turn it off or change your home currency. Once ready, here's how:

  1. Go to the Gear icon.
  2. Select Account and settings.
  3. Go to the Advanced menu.
  4. Click anywhere in the Currency section to view its content.
  5. Turn on the Multicurrency feature.
  6. Click the I understand I can't undo Multicurrency box to acknowledge its terms and conditions.
  7. Select Save.

 

I've attached a screenshot below that shows the last five steps.

 

After activating, the Currency field is added to the new account window. With this, you're able to create a fixed asset in the USD currency. Here's how:

  1. Go to the Gear icon.
  2. Select Chart of Accounts.
  3. Click the New button.
  4. Choose and enter all the necessary details of the fixed asset account.
  5. In the Currency field, select USD United States Dollar.
  6. Click Save and Close.

 

I've attached a screenshot below that shows the last three steps.

 

In case you've already activated the multicurrency feature but still unable to view the Currency field in the new account window, you can perform some troubleshooting steps to isolate the issue. There are times that the browser is full of frequently accessed pages, thus causing some unusual responses. You can log in to 

QuickBooks Online (QBO) account using a private browser (incognito). Here's how:

  • Press Ctrl Shift (Google Chrome)
  • Ctrl Shift (Firefox)
  • Control Option (Safari)

 

Once signed in, go to the new account window to create the fixed asset account. If you're able to view the Currency field, return to your default browser and clear its cache and cookies. This will refresh the system and remove the older data which causes viewing and performance issues. However, if the issue persists, I'd recommend using other supported browsers.

 

Once everything is all set and you've already recorded all the needed asset transactions, you can pull the General Ledger report. This way, you'll be able to view the beginning balance, transactions, and total for your fixed asset account. Just go to the For my accountant section in the Report menu's Standard tab.

 

Please let me know if you have other concerns. I'm just around to help. Take care always.

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