QuickBooks and Multiple Currencies

I was recently working with a client who uses the Multiple Currency functionality available in QuickBooks. There was some confusion with the client with regards to exactly how multi-currency works. In the interest of full disclosure, I had a few questions myself regarding how multi-currency works. This client is my only client who uses this feature in QuickBooks, so I had not had a lot of practice. So, I did what any good consultant would do: I admitted I was not sure and I went back to the office, did some reading within QuickBooks, explored some Intuit Community Boards and did some testing of various scenarios. I now understand Multiple Currencies within QuickBooks.

As a result, I have created a YouTube video within the YouTube QuickTrainer Channel explaining how Multiple Currency works within the QuickBooks Software and attempts to resolve some of the confusion which seems common with this functionality. You can view this video by clicking on the following link: QuickBooks and Multiple Currency.