Learn to record transactions using multiple currencies from a certified public accountant (CPA)

How to get access to QuickBooks 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 for currency accounts receivable

Enter transactions related to for currency accounts payable

Enter transactions related to forward contracts for speculation

Enter transactions related to forward contracts to reduce risk on for currency transactions

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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.

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

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

Who this course is for:AccountantsBookkeepersBusiness owners




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