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QuickBooks Desktop Home Currency Adjustment With Multi Currency
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=NLkXO07r_lk
This Learn QuickBooks Multi-Currency Feature is a training tutorial showing you how to make a home currency adjustment. Currency values change all the time. Exchange rates will fluctuate every day. QuickBooks, however, remembers the number of units of the foreign currency it has recorded in each of the accounts that had transactions with the non-home currency. It also remembers the value of each of those units as they were recorded when the multi-currency transaction occurred. Before paying those foreign currency units to an international vendor that only accepts the currency in the overseas bank account, you must adjust those units of currency, in any account you have, so that they all have the current downloaded currency value on the day of the adjustment. This is called a “home currency adjustment. It is not a transaction. It is an entry in your QuickBooks desktop records that makes all the units of the foreign currency become all the same value per unit of currency. The difference between the original balance of the accounts before the adjustment and the balance of the accounts after the adjustment gets recorded as a journal entry to the account “exchange gain or loss”. This counts as a “realized gain or loss” because we are acknowledging the change in our QuickBooks desktop records. You can choose the date of the adjustment and you will be re-valuing the rate per unit in your QuickBooks account records for the units that in your records for a specific value on the date of the adjustment. • Everybody who does international business will need this YouTube playlist course. If your company needs to convert currency when you get paid from foreign customers or exchange currency when you transfer or pay in another currency to international vendors, then you should watch all of these videos to be absolutely sure that you have an understanding of every possible idea / concept necessary to know how to manage the Multi-currency feature in QuickBooks desktop. You will also see and experience every possible transaction type that you could encounter when making transactions with a multiple of currencies. You will always see the U.S. dollar equivalent of the foreign currency in your QuickBooks reports. You will learn when international currency rates fluctuate, QuickBooks desktop will record the realized gain or loss after each multi-currency transaction. You can make a home currency adjustment or, before reporting have QuickBooks calculate the unrealized gain or loss on changing exchange rates of international currency. Converting currencies with latest conversion rates or international currency exchange rates is super easy using this QuickBooks desktop multi-currency feature • You don’t need any prior knowledge of: accounting, computers or QuickBooks to enjoy studying this fun and easy QuickBooks Desktop Multi-Currency Playlist course. Almost as soon as you start, this course will give you everything you need for you to manage QuickBooks Desktop Multi-Currency Feature • The full QuickBooks Multi Currency Desktops play list is here: • • QuickBooks Multi Currency Feature How... • You can lean QuickBooks free at the main YouTube channel: • / woldwidequickbooks • • • 👉Subscribe for more videos: http://bit.ly/thequickbooksdude • • Other Related Videos 👇 • • QuickBooks Desktop Bank Reconciliation and proving correctness: • • • QuickBooks Desktop Bank Feeds And Importing Transactions: • • Setting Up Bank Feeds For QuickBooks ... • • • 👉Subscribe for more videos: http://bit.ly/thequickbooksdude • ➡Follow us on social media: • / certifiedquickbookstraining • / quickbooksforlandlords • Mark Smolen is a certified instructor and the creator of the QuickBooks Instructional YouTube Channel and Website. • ➡Get In Touch Today Have a question or need help with your QuickBooks Instructional Course? • Contact Mark directly. https://marksmolen.com • https://quickbooksforlandlords.net • • #QuickBooksmulti-currency feature • #quickbookshomecurrencyadjustment • #quickbookrevaluecurrency
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