About This Course

Who this course is for:

  • Accountants
  • Bookkeepers
  • Business owners

What you’ll learn: 

  • How to turn multicurrency on and which accounts will be affected
  • Work example problems related to the sales cycles
  • Demonstrate transactions related to forward contracts

Software version used in the course: 

  • QuickBooks Desktop Pro 2021

The course will discuss accounting for multiple currencies, outlining the process in Excel to provide a more transparent look at the process. Then entering the transactions into QuickBooks, the software automating some of the steps required.

We will learn how to turn multicurrency on and which accounts will be affected most by multicurrency transactions including cash account types, accounts receivable account types, and accounts payable account types.

Students will work example problems related to the sales cycles and the purchases cycle, the sales cycle including foreign currency receivables, the purchases cycle including foreign currency payables.

We will also demonstrate transactions related to forward contracts, both for speculative purposes and to medicate risk on foreign currency transactions.

Our Promise to You

By the end of this course, you will have learned multiple currencies in QuickBooks. 

30 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about using QuickBooks Desktop 2021.

Course Curriculum

Section 1 - Overview
QuickBooks Desktop 2021 #14 Course Resources 00:00:00
Download Free Or Paid QuickBooks Pro 2021 00:00:00
Install QuickBooks Pro 2021 00:00:00
Increase Size Of Icons 00:00:00
Multiple Currencies Overview 00:00:00
Multiple Currencies Cash, Accounts Receivable, And Accounts Payable 00:00:00
Section 2 - Sales Cycle
Multiple Currencies Invoice And Accounts Receivable 00:00:00
Multiple Currencies Accounts Receivable Revalue Using Current Exchange Rates 00:00:00
Multiple Currencies Receive Payment And Make Deposit Excel 00:00:00
Multiple Currencies Receive Payment And Make Deposit QuickBooks 00:00:00
Multiple Currencies Reversing Entry 00:00:00
Section 3 - Purchase Equipment On Account
Multiple Currencies Purchase Equipment On Account – Excel 00:00:00
Multiple Currencies Purchase Equipment On Account – QB 00:00:00
Multiple Currencies Adjusting Entry Accounts Payable 00:00:00
Multiple Currencies Transfer Money To Foreign Currency 00:00:00
Multiple Currencies Pay Foreign Accounts Payable 00:00:00
Multiple Currencies Accounts Payable Reversing Entry 00:00:00
Section 4 - Purchase Inventory On Account
Multiple Currencies Purchase Inventory On Account 00:00:00
Multiple Currencies Accounts Payable Adjusting Entry 00:00:00
Multiple Currencies Foreign Currency Transfer 00:00:00
Multiple Currencies Accounts Payable Reversing Entry 00:00:00
Multiple Currencies Accounts Payable Payment 00:00:00
Section 5 - Forward Contract For Speculation That Foreign Currency Will Strengthen
Forward Contract For Speculation That Foreign Currency Will Strengthen Overview 00:00:00
Forward Contract For Speculation That Foreign Currency Will Strengthen Initial Transaction 00:00:00
Forward Contract For Speculation That Foreign Currency Will Strengthen Adjusting Entry 00:00:00
Forward Contract For Speculation That Foreign Currency Will Strengthen Maturity Date Transaction Excel 00:00:00
Forward Contract For Speculation That Foreign Currency Will Strengthen Maturity Date Transaction QB 00:00:00
Forward Contract For Speculation That Foreign Currency Will Strengthen Reversing Entry 00:00:00
Forward Contract For Speculation That Foreign Currency Will Strengthen Maturity Transaction Accounts Payable 00:00:00
Section 6 - Forward Contract For Speculation That Foreign Currency Will Weaken
Forward Contract For Speculation That Foreign Currency Will Weaken Overview 00:00:00
Forward Contract For Speculation That Foreign Currency Will Weaken Initial Transaction Excel 00:00:00
Forward Contract For Speculation That Foreign Currency Will Weaken Initial Transaction QuickBooks 00:00:00
Forward Contract For Speculation That Foreign Currency Will Weaken Adjusting Entry 00:00:00
Forward Contract For Speculation That Foreign Currency Will Weaken Maturity Transactions Excel 00:00:00
Forward Contract For Speculation That Foreign Currency Will Weaken Maturity Transactions QB Cash Transfer 00:00:00
Forward Contract For Speculation That Foreign Currency Will Weaken Maturity Transactions QB Accounts Payable 00:00:00
Forward Contract For Speculation That Foreign Currency Will Weaken Reversing Entry 00:00:00
Section 7 - Forward Contracted Used To Reduce Risk From Purchase Of Fixed Asset On Account
Forward Contract To Reduce Risk From Purchase Overview 00:00:00
Purchase Fixed Asset On Account Foreign Currency 00:00:00
Forward Contract Transaction Excel 00:00:00
Forward Contract Transaction QuickBooks 00:00:00
Adjusting Entry Accounts Payable Foreign Currency 00:00:00
Adjusting Entry Forward Contract 00:00:00
Foreign Payable And Forward Contract Maturity Transactions 00:00:00
Forward Contract Maturity Transactions 00:00:00
Foreign Currency Accounts Payable Maturity Transactions 00:00:00
Foreign Currency Reversing Entries 00:00:00
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