The Boons and Banes of the QuickBooks Multi-Currency Feature

Enabling this features, allows businesses to buy and sell products in the currency of customers and vendors, track, manage and analyze global business activities in multiple currencies, create reports and documents in the currency of choice, as well maintain a price list for each currency.

On the flipside, with the multi-currency feature only allows for the download of current exchange rates. If these have not been downloaded for some time, historical exchange rates would have to be entered manually. Static foreign prices can be set up using the per item price levels, but the same cannot be done to create static foreign unit costs.