Kington, UK -- (SBWIRE) -- 12/24/2020 -- The multicurrency feature in QuickBooks is typically utilized by small businesses with customers, suppliers or bank accounts that use foreign currencies, or currencies that differ from their home currency.
There are some QuickBooks desktop features that will use U.S currency and does not affect activating multicurrency in QuickBooks, such as the Fixed Asset Manager and Statement Writer. Insights, Income Tracker, and Bill Tracker cannot be used; as well entering or deleting transactions or invoices in QuickBooks Enterprise cannot be done when the multicurrency feature is enabled.
The multicurrency feature allows for the download current exchange rates. And although static foreign prices can be set up using the per item price levels, the same cannot be done to create static foreign unit costs.