To turn on Multi-Currency in QuickBooks Online, first click the setting icon in the top right

• • Then click Account and settings

• • Then click on the 'Advanced' settings 

• • You will see 'Currency' a little more than halfway down the page.
  • Then we will need to click on 'Manage Currencies' to add or edit currencies.

• • From here you will be able to set your home currency as well as enable Multicurrency.
  • Once you turn on Multicurrency in QuickBooks Online, you will not be able to turn it off, or change your home currency. 

• • Once Multicurrency is enabled you can click on 'Manage Currencies'

• • You will be able to see what currencies are allowed in this section, you can also add additional currencies by clicking the green "Add currency" button in the top right.

To add a account that uses a foreign currency, first click the 'settings' icon

• • Then 'Chart of accounts'

• • Once your Chart of accounts is open click the green 'New' button in the upper right. 

• • Enter the account name and type and make sure the currency is reflected correctly for the account, and then click save. 

In order for the currency to be set for a customer in QuickBooks Online it will need to be a new contact.

• • When you are adding a customer from the dashboard click the 'Create' icon in the top left. 

• • Then click 'Add customer'

• • When the customer field populates on the right of the screen you will see a option at the top for Currency. 

• • Please keep in mind that once the customer has transactions linked to it you cannot change the currency for the customer. 

To see the currency selection when you click on 'Customer & leads' from the left menu

Then Customers

• • From here one of the middle columns will be labeled currency and you will be able to see how it is set for the customer. 

• • You can also create customers directly in Recur360, but keep in mind it will set the customers currency as the default/home currency.
  • You could edit the currency on the customer after it syncs to QuickBooks Online as long as no transactions have posted.

When multicurrency is enabled with seperate merchant accounts for each currency, the deposits for the payments will be routed to the associated bank account for that merchant account. 

In Reports-  Deposits, you can see what processor the payments were processed to for easy payment tracking. 

If you click the 'Funding ID' it will redirect you to merchant track to see all of the payments included in the deposit.  

By default the Pay Online link uses the processor setup in Email Settings (under the gear icon in the top right of the screen).

• • Scroll down to the Payment Processor Settings

• • You can override the default email settings at the customer level; or by using our "Customer Type Email Templates". To learn more about emails by customer types click here.
  • To override a Customer level you will have to edit any customer(s) who will use the secondary merchant account for their processing.

To update that go to the customers profile and click Edit Customer.

• • In the Additional Recur360 Settings at the bottom configure which processor this customer will use in their Pay Online link by selecting the Card Payment Processor and ACH Payment Processor.

Then click 'Save and Sync' 

When adding a new payment method through Recur360 for a customer you will need to specify which merchant account you want that payment method to process through.

Please remember Recur360 will now reflect the currency on the invoice or payment.

• • When you create a new invoice in Recur360 and sync it to QuickBooks Online, it will show the foreign currency on the invoice in QuickBooks as well.