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Transcript
00:04...in QuickBooks Online.
00:06Multi-currency is a great feature that lets you handle transactions in different currencies,
00:11making it ideal for businesses that operate internationally.
00:14Let's jump right into it and get your QuickBooks Online ready for multi-currency transactions.
00:19First, you'll want to sign in to your QuickBooks Online account.
00:23Open your web browser, go to QuickBooks Online's sign-in page, and enter your login credentials.
00:29If you're not signed up yet, take a moment to complete that process.
00:32Once you're signed in, you'll be on your QuickBooks dashboard,
00:35where all your tools and features are easily accessible.
00:38Next, we need to navigate to the settings to configure the multi-currency feature.
00:42Look at the top right corner of your dashboard to find the gear icon,
00:45which represents your settings.
00:47Click on it and a menu will drop down with several options.
00:50From here, select Account & Settings.
00:52This section is your main hub for customising how QuickBooks works for your business.
00:55In your account settings, look for the Advanced tab.
00:58This tab contains various options for additional features that you can enable.
01:02Click on Advanced to open a new page with a list of configurable items.
01:06Here, you'll see the option for Currency.
01:09Click on Currency and you'll notice the setting for multi-currency.
01:12It's important to understand that once you enable multi-currency, you cannot turn it off again.
01:17So, make sure that this feature aligns with your business needs before proceeding.
01:21If you're certain, go ahead and toggle the switch to turn on multi-currency.
01:25A prompt will appear asking you to confirm this decision.
01:28You'll need to check the box that says I understand to acknowledge this change is permanent.
01:32Once confirmed, click save to apply these settings.
01:35Your QuickBooks is now set to handle multiple currencies.
01:39Now, let's customise it further by adding the currencies you'll be managing.
01:43You'll want to return to the currency page again and there you'll see the option to manage currencies.
01:48Click on it to explore and add new currencies to your account.
01:52You'll see a button labelled, add currency.
01:54Click on this to open a list of all available currencies.
01:58Scroll through or use the search bar if you prefer and choose the currencies you will be handling.
02:02Select one, click add and it will be added to your managed currencies list.
02:07Your QuickBooks is now configured for multi-currency, ready to support your international business transactions efficiently.
02:13Take a moment to check everything is set up correctly before proceeding with transactions.
02:18And that wraps up our quick guide to setting up multi-currency in QuickBooks Online.
02:22Thanks for following along and happy accounting.

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