myCPE
myCPE

Multicurrency Reporting & Troubleshooting in QuickBooks Desktop 1.5 Credits

Mar 18, 2024, 09:00 AM ET

Multicurrency Reporting & Troubleshooting in QuickBooks Desktop 1.5 Credits

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Mar 18, 2024, 09:00 AM ET

Learning Objective

  • To identify how to report on foreign currency and exchange gains and losses in QuickBooks Desktop.
  • To recognize how to display foreign amounts in QuickBooks Desktop reports.
  • To describe how to troubleshoot discrepancies in A/R and A/P sub-ledger reports for foreign currency in QuickBooks Desktop.
  • To discuss how to enter year-end adjustments for foreign currency accounts in QuickBooks Desktop.
  • To recognize possible fraud or mistakes in QuickBooks Desktop Multicurrency companies.
  • To analyze how to troubleshoot unusual situations for Multicurrency companies in QuickBooks Desktop.

Course Overview

Doing business with customers overseas is good for your business. However, dealing with exchange rates and foreign currencies can be complicated. QuickBooks' Multicurrency helps you record foreign transactions easily without worrying about exchange rate conversions. It allows you to pay and get paid in the foreign currencies of customers, vendors, or bank accounts that don't use your home currency.

In this online webinar, we will delve into the complexities and issues that can be caused by using Multicurrency in QuickBooks Desktop and how to troubleshoot potential reporting discrepancies.

Key topics covered in this QuickBooks course:

  • Reporting in Multicurrency.
  • Discrepancies in A/R and A/P sub-ledger reports.
  • Multicurrency accounting entries at year-end.
  • The proper way to enter year-end adjustments for foreign currency accounts that most accountants don't know to do when it comes to QuickBooks.
  • Highlights of possible fraud or honest employee mistakes.
  • Looking at where possible fraudulent transactions might be lurking.
  • Workarounds when it comes to tricky scenarios that QuickBooks Multicurrency doesn't handle on its own.
  • Foreign currency miscellaneous troubleshooting scenarios.

Join this CPE course by Esther Friedberg Karp to learn everything about Multicurrency Reporting & Troubleshooting in QuickBooks Desktop. 

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

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Additional Information

Credits

1.5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Esther Friedberg Karp
Esther Friedberg Karp , MBA

Founder, CompuBooks Business Services

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Esther Friedberg Karp is an internationally-renowned trainer, writer, business consultant and speaker who has been repeatedly listed as one of Insightful Accountant’s Top 100 QuickBooks ProAdvisors in the world. She has also been named to their Top 10 list on two occasions: as Top International ProAdvisor and Top Trainer/Writer ProAdvisor.

In addition, Esther was named one of the Top 50 Women in Accounting for 2017 and a Top Ten Influencer in the Canadian Bookkeeping World in 2018.

Based in Toronto, Canada, Esther has the unique distinction of holding ProAdvisor certifications in the United States, Canada, and the United Kingdom. She has authored materials and delivered educational and certification courses for Intuit in all those countries, as well as Australia where she conducted live QuickBooks Online training. She has spoken at Scaling New Heights, QuickBooks Connect and other conferences, and has written countless articles for Intuit Global, the Firm of the Future blog and Insightful Accountant.

Esther’s clients include companies worldwide and accounting professionals who seek her out on behalf of their own clients. She is sought out for her expertise in Multicurrency and various countries’ editions of QuickBooks Desktop and Online, and for her talent in customizing QuickBooks usage for different industries. She also creates QuickBooks Core and Advanced certification training for accounting professionals in Canada.

Esther holds a BSc from the University of Toronto in Actuarial Science and Mathematics, and an MBA in Marketing and Finance from York University’s Schulich School of Business.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

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DK

Denise Kovatch, CPA (US)

This is module 4 and it was very informative, the presenter was very knowledgable and easy to understand and listen to, if you use QuickBooks and deal with multiple currencies this is a most watch.

PS

Priyanka Solanki, Tax Professional

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Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

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  • Live Support
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    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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