Benefits of Multi-Currency In QuickBooks
The Multi-Currency feature within QuickBooks enables the administration of transactions within a multiplicity of currencies. With the Multi-Currency feature in QuickBooks, you can have control over all sorts of transactions and thereby make it easy to work with a global business. You will be able to assign different currencies to specific accounts that include credit cards, vendors, bank accounts, customers, and accounts receivable. It becomes easy for you to monitor income and expenses in several currencies, to use historical exchange rates in your reporting for accuracy, and generate financial statements in a currency you are comfortable working with. It will basically make international business operations smooth and make sure the records are accurate.
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