How does QuickBooks Online support multi-currency operations?

QuickBooks Online supports multi-currency operations by allowing users to enable multi-currency settings, which facilitates transactions in various currencies. This feature is essential for businesses that operate internationally or engage with clients and suppliers across different countries. Once multi-currency is enabled, users can select the currency for their transactions, track gains and losses due to currency fluctuations, and manage multiple customer and vendor accounts in different currencies. This flexibility enhances financial reporting and allows for accurate management of foreign currency transactions, ensuring that businesses can operate smoothly in a global market. The ability to handle various currencies directly within the application streamlines processes and provides a comprehensive view of financial performance across different regions.