00:04In today's video, I'm going to teach you how to set up multi-currency in QuickBooks Online.
00:10Multi-currency is a great feature that lets you handle transactions in different currencies,
00:15making it ideal for businesses that operate internationally.
00:18Let's jump right into it and get your QuickBooks Online ready for multi-currency transactions.
00:23First, you'll want to sign into your QuickBooks Online account.
00:27Open your web browser, go to QuickBooks Online's sign-in page, and enter your login credentials.
00:33If you're not signed up yet, take a moment to complete that process.
00:36Once you're signed in, you'll be on your QuickBooks dashboard where all your tools and features are easily accessible.
00:42Next, we need to navigate to the settings to configure the multi-currency feature.
00:46Look at the top right corner of your dashboard to find the gear icon, which represents your settings.
00:51Click on it and a menu will drop down with several options.
00:53From here, select account and settings. This section is your main hub for customizing how QuickBooks works for your business.
00:59In your account settings, look for the advanced tab.
01:02This tab contains various options for additional features that you can enable.
01:06Click on advanced to open a new page with a list of configurable items.
01:10Here, you'll see the option for currency.
01:13Click on currency and you'll notice the setting for multi-currency.
01:16It's important to understand that once you enable multi-currency, you cannot turn it off again.
01:20So, make sure that this feature aligns with your business needs before proceeding.
01:25If you're certain, go ahead and toggle the switch to turn on multi-currency.
01:29A prompt will appear asking you to confirm this decision.
01:32You'll need to check the box that says I understand to acknowledge this change is permanent.
01:36Once confirmed, click save to apply these settings.
01:39Your QuickBooks is now set to handle multiple currencies.
01:43Now, let's customize it further by adding the currencies you'll be managing.
01:47You'll want to return to the currency page again and there you'll see the option to manage currencies.
01:53Click on it to explore and add new currencies to your account.
01:56You'll see a button labeled add currency.
01:58Click on this to open a list of all available currencies.
02:02Scroll through or use the search bar if you prefer and choose the currencies you will be handling.
02:06Select one, click add and it will be added to your managed currencies list.
02:11Your QuickBooks is now configured for multi-currency, ready to support your international business transactions efficiently.
02:17Take a moment to check everything is set up correctly before proceeding with transactions.
02:22And that wraps up our quick guide to setting up multi-currency in QuickBooks Online.
02:26Thanks for following along and happy accounting.
