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QuickBooks Online Multiple Currencies

QuickBooks Online For tow days completely 100% Free during everything you want to Learn to record transactions using multiple currencies from a certified public accountant (CPA).

This course is written by the very popular author from Udemy Robert (Bob) Steele The most recent Last updated 3/2021. The language of this course is English, but also have sub-titles (captions) in English [US] languages to better understand. This course is shared under the categories Finance & Accounting, Money Management Tools, QuickBooks Online

More than 11,849 students had already enrolled. in the QuickBooks Online Multiple Currencies | Udemy Which makes it one of the more popular courses on Udemy. You can free coupon Code the course from the registration link below. It has a rating of 4.7 given by  ( 32 ratings), which also makes it one of the highest rated courses at Udemy. 

The Udemy QuickBooks Online Multiple Currencies free coupons also 4 hours on demand video, 3 articles, 10 downloadable, resources, full lifetime, access on mobile and television, assignments, completion certificate and many more.

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Is this course right for you?

If you are wondering what you will learn or what things this best Udemy courses  will teach you after getting courses Udemy free coupon. Learn QuickBooks Online Multiple Currencies | Udemy: Okay, here are a few things.

• Business owners
• Accountants
• Bookkeepers

Requirements Course:

None

Description Course:

Learn how to get access to QuickBooks Online including a possible free 30-day trial version often offered by Intuit, the owner of QuickBooks Online.

The course will discuss accounting for multiple currencies, outlining the process in Excel to provide a more transparent look at the process. Then we will enter 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.

Learners 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 mitigate risk on foreign currency transactions.

The multiple currency feature is useful when the company is holding onto cash in a foreign currency, the software helping us to record the home currency equivalent for financial statement presentation.

Multiple currency functionality is also helpful when we make sales on account, sending an invoice, hoping to get paid in the future, tracking accounting receivable, but expecting to be paid in a foreign currency. The accounts receivable account will need to be valued in the home currency even though we will be paid in a foreign one.

We have a similar situation when we make purchases on account, promising to pay in a foreign currency at some point in the future. The accounts payable account will need to be valued in the home currency equivalence even though we will be paying in a foreign currency.

What I am going to learn?

• How to get access to QuickBooks Online including a possible free 30-day trial
• How to turn on the multicurrency feature
• Set up accounts related to multicurrency including account types of Cash, Accounts Receivable, & Accounts Payable
• Enter transactions related to foreign currency accounts receivable
• Enter transactions related to foreign currency accounts payable
• Enter transactions related to forward contracts for speculation
• Enter transactions related to forward contracts to reduce risk on foreign currency transactions

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