After enabling multi-currency, what should you configure?

• A. Set home currency and add foreign currency customers/vendors; exchange rates update automatically.
• B. Add manual exchange rates only.
• C. You cannot add customers in foreign currencies.
• D. Multi-currency cannot update exchange rates automatically.

Answer: (A)

Multi-currency setup starts with choosing your home currency and adding the foreign currencies you’ll transact in. You then link customers and vendors to those currencies so you can issue invoices and record bills in the correct denominations. If you enable automatic exchange rate updates, QuickBooks will refresh rates for you, keeping conversions current without manual entry. This combination—defining the home currency, adding foreign currencies, and allowing automatic rate updates—is the proper configuration after enabling multi-currency. Manual rates only and the idea that foreign customers can’t be added aren’t accurate, and automatic rate updates are a standard option.