Forex taxas de dólar para xelins ugandenses

UGX - Xelim de Uganda.

O Xelim de Uganda é a moeda do Uganda. A nossa tabela de classificações de moedas mostra que a taxa de câmbio de Xelim do Uganda mais popular é a taxa de USD para UGX. O código da moeda para Shillings é UGX e o símbolo monetário é UGX. Abaixo, você encontrará taxas de xelim de Uganda e um conversor de moeda. Você também pode se inscrever em nossos boletins informativos sobre a moeda com taxas e análises diárias, ler o XE Currency Blog ou obter as taxas UGX em qualquer lugar com nossos aplicativos e site XE Currency.

Aviso: Em 30 de março de 2013, a série de UGX de 1987 não é mais legal. A moeda será permutável em qualquer banco comercial até 30 de maio de 2013 e em qualquer agência do Banco do Uganda até 30 de dezembro de 2013. Mais informações & # X25B6;

Principais taxas de câmbio do UGX.

Fatos sobre Moeda.

Freq Usado: UGX1, UGX2, 5, 10, 50, 100, 200, 500, 1000.

Freq Usado: UGX1000, UGX2000, UGX5000, UGX10, UGX20, UGX50.

Tem mais informações sobre o Xelim de Uganda?

XE Conversor de Moedas.

Por que você está interessado na UGX?

História do xelim de Uganda.

Antes de 1900, uma das primeiras formas de moeda utilizada em Uganda foi a rupia indiana. Em 1906, a Rúpia da África Oriental substituiu a rupia indiana e foi usada em toda a Uganda, Quênia e Tanganica. O Florim da África Oriental substituiu a Rúpia a par em 1920, mas apenas um ano depois, o Conselho de Moeda da África Oriental introduziu o Xelim da África Oriental; ele foi atrelado a um xelim e foi avaliado a uma taxa de 2 xelins a 1 florim.

Em 1966, o Banco do Uganda foi estabelecido e o primeiro Xelim de Uganda foi introduzido. As notas e moedas mudaram várias vezes como resultado de mudanças no regime. Devido à alta inflação, um novo xelim foi criado em 1987 a uma taxa de 100 xelins antigos para 1 novo. Em março de 2013, a série de UGX de 1987 foi desmonetizada e, em abril de 2013, a unidade monetária menor foi alterada de 100 para 0.

Taxas do Banco Central.

Perfis de Moeda Popular.

Obtenha uma conta XE.

Acessar serviços Premium XE, como alertas de taxa. Saiba mais ▶

Recursos de várias moedas do QuickBooks.

Primeiro, o suporte a várias moedas do QuickBooks está desativado por padrão. É uma preferência da empresa no menu Editar - & gt; Preferências - & gt; Múltiplas moedas. Quando o suporte para esse recurso estiver ativado para um determinado arquivo da empresa, ele não poderá ser desativado. Ao acompanhar várias moedas, é necessário especificar a moeda local, que para as empresas com sede nos EUA é o dólar dos EUA. No final de nossa análise, veremos que um impacto do rastreamento de várias transações em moeda é que o QuickBooks criará automaticamente uma conta de Outras Despesas denominada Ganho ou Perda de Câmbio para registrar ganhos e perdas não realizados em moeda estrangeira.

Para obter orientação, o acesso a recursos de várias moedas está no menu Empresa e gerenciamento de moeda.

QuickBooks 2009 oferece a capacidade de baixar as taxas de câmbio mais recentes. Como você pode ver na lista de moedas capturada após concluir o download, as taxas de câmbio para apenas 12 das moedas mais ativamente negociadas estavam disponíveis. Se você estiver usando uma moeda para a qual as taxas de câmbio não estão prontamente disponíveis, você precisará inserir essa taxa manualmente.

Também existe uma Calculadora de Moeda que pode calcular o valor da casa, a quantia estrangeira ou a taxa de câmbio. O valor da casa (por exemplo, dólares americanos) é o produto da taxa de câmbio e do valor da moeda estrangeira. O valor estrangeiro é o resultado da divisão do valor da casa pela taxa de câmbio. A taxa de câmbio é o resultado da divisão do valor estrangeiro pelo valor da casa.

O Ajuste de Moeda Local é usado no final de um período contábil para ajustar suas contas de balanço para refletir as taxas de câmbio na data do balanço. Contas de balanço são ajustadas para cima ou para baixo pelo montante do ganho ou perda não realizado e lançando o débito ou crédito de compensação para uma conta de Outras despesas. Por padrão, a conta de outras despesas é denominada Ganho ou Perda do Exchange. Até que um ajuste em moeda nacional seja registrado, as contas do balanço representam o valor na moeda local nas taxas de câmbio usadas no momento em que cada transação foi registrada. Se a taxa de câmbio tiver aumentado, sua moeda local comprará mais da moeda estrangeira, de modo que o ajuste da moeda local resultará em um ganho não realizado. Os ajustes da moeda nacional são calculados com base nos ganhos e perdas não realizados. Por exemplo, para uma fatura de cliente, ganhos ou perdas não são realizados até que o pagamento seja recebido; depois disso, eles são realizados e um ajuste de moeda não é mais aplicável. O QuickBooks 2009 fornece relatórios para ganhos / perdas não realizados e realizados, portanto, veremos isso com mais detalhes quando revisarmos esses relatórios e o impacto de inserir uma transação originada em uma moeda estrangeira.

Completando o menu Moeda Múltipla, há duas ferramentas de ajuda. Há um link para uma visão geral em várias moedas no arquivo de ajuda do QuickBooks. Também há um link para o Centro de Recursos em Multimoedas. Infelizmente, até o momento, este link apenas abre o navegador da web integrado QuickBooks e navega para um link geral que não contém informações sobre o uso de várias moedas. Como o câmbio é um novo tópico para os usuários do QuickBooks, esperamos que a Intuit obtenha um link específico em breve.

Vamos ver como a contabilização de várias moedas do QuickBooks afeta algumas transações típicas. Antes que possamos inserir transações em uma moeda estrangeira para um cliente ou fornecedor, temos que especificar a moeda na qual todas as transações para esse cliente ou fornecedor serão registradas. Se não houver transações, podemos editar um cliente ou fornecedor existente; caso contrário, teremos que criar um novo registro. Começaremos criando um novo cliente e especificando que esse cliente será contabilizado usando o & euro; ou Euro. Em seguida, produziremos uma fatura do cliente, mas alteraremos a taxa de câmbio para 1 euro (& euro;) = 1,5 dólares norte-americanos.

Neste ponto, como a fatura do cliente não foi paga, quaisquer ganhos ou perdas relacionados à moeda estrangeira não são realizados. Então, vamos gerar os Ganhos Não Realizados & amp; Relatório de perdas inserindo primeiro as taxas de câmbio para as moedas para as quais existem transações pendentes.

Em seguida, anote o recibo do pagamento do cliente na íntegra. Tanto a fatura quanto o pagamento serão registrados na mesma moeda, o euro (& euro;). Nós vamos mudar a taxa de câmbio para 1 euro (& euro;) = 1,25 dólares para refletir uma mudança na taxa de câmbio. Como essa fatura foi paga, todos os ganhos ou perdas relacionados à moeda estrangeira foram realizados, para que eles apareçam nos Ganhos e ganhos Realizados. Relatório de Perdas.

Concluiremos nossa análise dessa transação simples em várias moedas observando o impacto nos registros da empresa. Pressione o botão Diário (ou alternadamente, Ctrl Y) enquanto visualiza a fatura do cliente ou pagamento para ver as entradas específicas feitas pelo QuickBooks. O diário para a transação de fatura mostra os débitos e créditos dessa transação. Em seguida, vamos voltar no tempo para antes de entrarmos no pagamento do cliente para revisar o ganho ou perda não realizado que seria registrado inserindo o ajuste da moeda nacional descrito acima. Isso é o ajuste no final de um período contábil para refletir as taxas de câmbio na data das demonstrações contábeis em vez da data original da transação.

Vamos começar com o Profit & amp; Perda executando o relatório Padrão de Lucro e Perda a partir do Relatórios - & gt; Empresa & amp; Menu financeiro e pressionando o botão de recolhimento. Aqui, veremos a conta padrão Exchange Gain or Loss criada pelo QuickBooks quando ativamos o acompanhamento de várias moedas em nosso arquivo da empresa.

Por fim, vamos analisar o balanço. Observe que, para demonstrar outro aspecto de várias moedas, esse balanço foi preparado como se o pagamento do cliente não tivesse sido recebido. Também é baseado no registro de um ajuste de moeda local, conforme descrito acima, em que alteramos a taxa de câmbio para 1 euro (& euro;) = 1,75 dólares americanos. Veremos que nossos clientes a receber foram ajustados em US $ 250 devido à alteração na taxa de câmbio entre a data em que faturamos o cliente e a data em que inserimos o balanço. O ajuste ascendente corresponde ao ganho relatado como ganho ou perda de câmbio. Como nossa conta de ganho ou perda de câmbio era uma conta de outras despesas, o ganho é mostrado como uma despesa negativa. Depois que o acompanhamento em várias moedas estiver ativado, as subcontas do balanço serão criadas automaticamente para cada moeda com transações.

O rastreamento em várias moedas é um dos novos recursos mais poderosos do QuickBooks 2009. Agora é hora de gerar mais negócios no exterior!

Nós criamos o centro de custo da Europa como uma classe usando a entrada usd manual após a conversão manual. Agora queremos adicionar moeda do euro a qb para reduzir o processo manual. O que acontecerá com os dados históricos desse centro de custo se quisermos adicionar o recurso mutilcurrency a esse centro de custo? E qual é a melhor maneira de fazer isso sem afetar os últimos dados do ano fiscal de encerramento? Obrigado.

Minha organização está localizada na Coréia, por isso usa o KWR (Korean Won) como uma moeda local & # 8216 ;, e as filiais na África usam várias moedas (por exemplo, dólar e moeda local) para pagamentos pequenos. Então, precisamos fazer o "Ajuste da Moeda Local" & # 8217; com pelo menos duas moedas para relatórios financeiros regulares.

É possível aplicar várias moedas (mais de duas) com a moeda local?

Compramos a versão 2014 do Google Desktop. Quando fazemos a reavaliação, ele vai para a conta de ganho ou perda, que é uma conta de demonstração de resultados. Se eu alterar manualmente para uma conta de ganho ou perda de troca não realizada, preciso inverter o próximo mês e reavaliar no final do mês novamente? Como usar o recurso de reavaliação de moeda local do QB para reconciliar a conta de Ganho ou Perda de Perda não realizada no balanço?

Eu já sei usar a Multi Moeda. Eu só preciso dessa pergunta respondida como abaixo:

Eu tenho usado o Premier 2007 na versão sem fins lucrativos em Uganda. Não possui uma opção de várias moedas. Acabei de atualizar com o Premier.

2011 Non-Profit de uma versão que eu não estava mais usando nos EUA. Eu já importei o arquivo da minha empresa para a nova versão e converti para 2011. Pretendo usar a opção multi-moeda.

Quando ligo a opção, temo que possa converter os valores existentes da versão anterior, fazendo com que eles mudem. Embora a versão anterior fosse padrão, temo que ela seja lida como dólares. Depois de ativar a opção de várias moedas, não posso voltar e inverter a opção. Quando eu escolho o Schilling como a taxa de câmbio Quickbooks tentará multiplicar os valores pré-existentes usando a taxa de câmbio do dólar, multiplicando assim o valor por 2750, que é a taxa de câmbio do Schilling de Uganda?

Eu estou trabalhando para uma empresa de construção no Afeganistão todas as nossas transações estão em Afghani enquanto eu estou preparando relatório dá os valores em USD como eu posso Ajustar a taxa de câmbio para todas as transações que estão sendo inseridas no sistema no passado,

Eu comprei Quickbooks 2014 e eu uso Multi-moeda. Eu tenho uma lista de orgânicos Agric. produtos que eu vendo para clientes diferentes em todo o mundo. Meu desafio é que esses clientes têm moedas diferentes e cada cliente tem um preço de compra diferente. Tentei inserir uma lista de produtos no sistema, mas fui derrotado ao definir o preço de venda de cada produto. (Lembre-se de que os clientes usam moedas diferentes, por exemplo, EURO e USD). Nós definimos nossos preços baseando-se na distância e como as mercadorias têm de chegar aos nossos clientes, portanto, os preços são diferentes. Eu gostaria de receber ajuda sobre como definir preços diferentes para o mesmo produto.

Sua resposta rápida é muito apreciada.

Estou muito interessado na questão acima!

Para mim, é claro, o custo do item é o custo médio da moeda local.

O preço de venda seria liquidado Editar marcação & # 8220; Usar padrão (Sempre perguntar sobre a atualização do preço de venda) & # 8221; e inserir manualmente a marcação% depende de qual cliente tem preço de venda específico conforme necessário.

Espero que o profissional QuickBooks ou pessoas experientes possam me dar mais conselhos se o meu comentário estiver errado.

O que você está tentando fazer foi possível em versões anteriores do Quickbooks (pré 2010 ou 2011, se bem me lembro), ativando os Níveis de preço em Vendas & amp; Preferências dos clientes. Você poderia aplicar um multiplicador de nível de preço personalizado (por exemplo, eu basearia esse multiplicador em uma taxa de câmbio personalizada que eu desejasse usar) e criar um novo & # 8220; static & # 8221; lista de preços de todos os seus itens para esse nível de preço específico. Não há limite para quantos desses níveis de preço personalizados você deseja criar.

Este método funcionou lindamente até que os programadores de Quickbooks quebraram este recurso (em 2010-2011?) Para que o nível de preço estático que você tão cuidadosamente controlava agora obtenha a Taxa de Câmbio do sistema envolvida no cálculo, para que sua lista de preços agora é variável do dia-a-dia, juntamente com as flutuações diárias normais da Taxa de Câmbio da Moeda. Não há como desativá-lo para que o usuário possa manter o controle total de seus preços com base no multiplicador do nível de preço personalizado do usuário.

Desde então, eu desabilitei meus Níveis de Preços Personalizados, esperando que um dia eu falasse com um programador de Quickbooks sobre isso, e outros problemas sérios de várias moedas (Processo # 69519734, 535439160, 537230245, etc, & # 8230; .. Quickbooks nunca seguiu com a correção desses erros de programação).

Boa sorte tentando encontrar alguém no suporte da Quickbooks Tech que possa pensar além de suas respostas padrão. Tenho sido um cliente leal de Quickbooks com o serviço de assinatura Premier anual totalmente pago desde 2006, e estou triste em dizer que finalmente desisti de procurar um pacote de contabilidade de software alternativo que não gere erros de cálculo.

Estamos na Tanzânia, e eu tenho a versão de 2006 e tenho sido feliz. Tentei atualizar em um estágio para 2010, mas não suportou uma coisa que o QB tem que fazer. Nós temos um dispositivo fiscal eletrônico (por lei) conectado à nossa fatura QB. Nós faturamos em USD com moeda base como TZS. Na fatura temos o total de TZS e o IVA, com rotulagem para que o dispositivo de imposto elec possa ler os valores e informar automaticamente.

2010 não me permitiu adicionar esses campos como 2006 poderia.

Minha máquina XP está lentamente atingindo seu final natural (ficando muito lento) e precisamos atualizar em breve! Acabei de comprar meu novo win8 maYour conselho sobre qual versão para mover seria ótimo.

A resposta à sua pergunta será controlada pela compatibilidade com seu dispositivo fiscal. Nós só trabalhamos com versões americanas do QB, então nossos comentários estão limitados a essa versão. Dito isto, as versões do QB dos EUA a partir de 2009 incluem suporte a múltiplas moedas. Neste ponto, acho que você deveria experimentar o QB 2014 e ver se isso funciona com o seu dispositivo. Mesmo se você pudesse comprar uma versão anterior do QB (como 2011 ou 2012), poderá enfrentar problemas devido à compatibilidade com a versão mais recente do Windows.

Se o seu dispositivo não for compatível, explorarei outros dispositivos ou métodos para capturar os dados necessários. Seria muito lamentável se você fosse obrigado por lei a operar um dispositivo que não é compatível com as versões atuais do software popular.

Se tudo mais falhar, trabalhe de trás para frente. Obtenha uma lista de todos os dispositivos fiscais compatíveis com o Windows 8 e descubra a versão mais recente do software de contabilidade que eles suportam. Se eles são QB, ótimo. Se não, aprofunde e descubra quais sistemas podem importar dados do QB. Obviamente, antes de mudar para qualquer novo sistema, realize testes para garantir que suas informações contábeis sejam precisas.

Estamos executando o QuickBooks Pro 2013. Temos empréstimos a receber de clientes em moeda estrangeira. Sempre que executamos o "Home Currency Adjustment", o razão geral é atualizado com a correta reavaliação dos saldos de empréstimos. O problema, no entanto, é que a subconta A / R não é ajustada, portanto, ambos os relatórios, que devem estar de acordo, não são.

Como você conserta isso?

Quais relatórios não são balanceados? Seu balanço está na sua moeda local. Para qual relatório você está se referindo quando diz "Sub-aggentador de A / R & # 8221 ;?

Estou me referindo ao relatório de vencimento de contas a receber.

Estou na Tanzânia também, eu apoio a versão QuickBooks UK em Dar es Salaam.

Você conseguiu resolver seu problema com relação aos Dispositivos Fiscais Eletrônicos (EFD)?

Nós temos 3 empresas, EUA, UK & amp; Índia. Podemos criar um arquivo para cada empresa com a moeda local correspondente em $, UK Pounds & amp; Rupias indianas? 3 conjuntos de livros, um para cada país. Além disso, isso pode ser feito no US Quickbooks Premier? Obrigado.

Sim, isso pode ser feito. Na medida em que você nunca (ou pelo menos com pouca frequência) precisa consolidar ou está confortável em fazer consolidações manuais, esse é o caminho a seguir. É ainda melhor se as empresas não estiverem relacionadas (mesmo que tenham o mesmo proprietário) e você nunca precise fazer uma consolidação das demonstrações financeiras.

Oi! Como podemos refletir os depósitos de clientes em MOEDA ESTRANGEIRA recebidos antes da emissão da fatura? (Usamos quickbooks Pro 2013)

A ajuda on-line do QB sugere para criar uma conta de passivo atual & # 8220; Depósitos de clientes & # 8221; e um item outro encargo chamado & # 8220; Depósito de cliente & # 8221 ;. Isso não funciona em nosso caso, pois esta conta passiva atual será, por padrão, na moeda local e estamos recebendo os depósitos em moeda estrangeira. Se criarmos uma conta & # 8220; a pagar & # 8221; em vez de & # 8220; Responsabilidade atual & # 8221; podemos usar moeda estrangeira, mas, em seguida, o QB não nos permite corresponder essa conta com o item & # 8220; depósito de cliente & # 8221 ;. Por favor, ajude!

Desde já, obrigado.

Você precisará usar uma conta de A / P na moeda estrangeira e talvez também seja necessário configurar uma conta de & # 8220; wash & # 8221; conta, que pode ser uma conta bancária para que as moedas coincidam. Os clientes que fazem depósitos em moeda estrangeira precisariam ser configurados como clientes e fornecedores. Ao receber o depósito, você registraria uma entrada no diário geral na conta A / P em moeda estrangeira, onde o nome da conta do fornecedor do cliente aparece nessa linha do diário geral. A entrada seria um crédito para a conta A / P e um débito para uma conta bancária ou fundos não depositados.

Quando você deseja aplicar o crédito, você deve debitar a conta A / P de moeda estrangeira e creditar sua conta de C / R no exterior. Com um lançamento de diário geral feito em A / R ou A / P, você deve colocar um nome de cliente ou de fornecedor, respectivamente, na mesma linha que a conta A / R ou A / P. Para que apareça em um centro como o centro do cliente, a entrada geralmente precisa ser a primeira linha. É aí que entra a conta de lavagem. Você criaria 1 GJE com um débito em moeda estrangeira A / P e um crédito em sua conta de lavagem. Você criaria um 2º GJE com um crédito em moeda estrangeira (A / R) e um débito em sua conta de lavagem, o que faria com que sua conta de lavagem fosse 0.

Se você não puder aplicar o segundo GJE à fatura para pagá-lo, será necessário substituir essa etapa criando uma nota de crédito. Você pode criar um item que aponte para sua conta de lavagem (onde o débito terminaria) e você gravaria uma nota de crédito para transferir o depósito a ser usado em uma fatura. Em seguida, como etapa final, você aplicará a nota de crédito à fatura.

Uma melhor variação desta abordagem seria pensar em depósitos como "contra" A / R & # 8221; em vez de um passivo. Com efeito, uma conta de contas a receber com saldo de crédito é um passivo. Isso evitaria bagunçar sua lista de fornecedores. Com essa abordagem, você cria um item que coloca o débito em uma conta bancária ou em fundos não depositados. Então, quando você receber um depósito, basta criar uma nota de crédito para o depósito e aplicá-lo ao criar a fatura.

A primeira abordagem tem o benefício de que os depósitos aparecem como um passivo no balanço (uma vez que estão na seção de A / P), o que alguns preferem. Com a segunda abordagem, os depósitos aparecem como uma redução em um ativo (seu A / R). A menos que essa distinção seja importante para você, acho que o trabalho extra do primeiro método não vale a pena.

Criamos duas contas para um cliente chamado A USD a / c. e um EURO a / c.

Agora deseja ajustar um adiantamento recebido em USD contra A EURO a / c .. Mas o QB (versão online essencial) mostrou um erro & # 8220; As moedas de sua conta e cliente / fornecedor devem ser iguais & # 8221 ;. Por favor, deixe-me saber como consertá-lo.

Você não pode fazer isso. Você só pode inserir transações para A EURO A / C na moeda usada para configurar esse cliente, que presumivelmente é o Euro. Se você recebeu um adiantamento desse cliente em USD, precisará inseri-lo usando A USD a / c.

Oi, estamos usando as soluções QuickBooks Enterprise 10.0 com opção de várias moedas. Eu queria abrir um novo livro rápido com a moeda do livro-razão (Vendor) atual. Como pode ser feito? Quando eu fiz a moeda estava mostrando na moeda nacional não a moeda estrangeira.

Olá & # 8211; Estamos executando o QuickBooks Enterprise v12 nos EUA. Estamos abrindo uma subsidiária no Canadá. O Sub canadense precisará operar em CAN $. Você pode fornecer orientações sobre como devemos abordar a criação do Sub e os relatórios financeiros consolidados? Obrigado!

O relatório financeiro consolidado para uma empresa de várias moedas é sempre complicado, portanto, você deve verificar com seu CPA para obter orientação específica, mas aqui estão algumas opções a serem consideradas.

Opção nº 1: o pai dos EUA usa seu próprio arquivo de empresa QB, onde o dólar é a moeda local, e a subsidiária canadense usa um arquivo separado da empresa, onde o CAD é a moeda local. Essa opção torna a manutenção de registros na subsidiária canadense simples, mas exige que as consolidações sejam feitas manualmente ou usando uma ferramenta de terceiros de custo extra, como a Qvinci.

Opção 2: A contabilização para o controlador dos EUA é a mesma que a Opção nº 1, mas a subsidiária canadense usa o dólar americano para sua moeda local, mas realiza a maioria dos negócios em CAD. Isso torna as consolidações entre a matriz e a subsidiária muito mais simples, porque ambas usam o USD, mas a contabilidade diária da subsidiária canadense se torna mais complicada.

Como as consolidações são feitas com pouca frequência e o impacto na eficiência contábil diária é muito regular, a Opção nº 2 pode ser descartada na maioria das circunstâncias. Como o QB ES não pode implementar consolidações em várias moedas, você precisará estar preparado para o trabalho manual quando precisar preparar consolidações ou explorar ferramentas de terceiros para simplificar a consolidação. Como sempre, você deseja prestar muita atenção às transações intra-empresa, especialmente em moedas, porque essas são fontes prováveis ​​de problemas de consolidação. Se houver muito poucas transações intra-empresa (e preferivelmente nenhuma), e se os ativos de fim de período da subsidiária canadense forem pequenos, então o trabalho de consolidação manual da Opção nº 1 não será muito oneroso.

Muito obrigado por seus pensamentos e idéias. Eu aprecio que você tenha tido tempo para responder e fornecer algumas opções.

Apenas um ponto que pode ser interessante para alguns espectadores. O site da transfermate oferece uma alternativa gratuita ao uso do seu banco. Oferece melhores taxas de câmbio, taxas mais baixas. Você também pode visualizar gráficos e tabelas de taxas de câmbio ao vivo e históricas.

nenhum mal em mencionar como eu tenho certeza que há muitas pessoas não contentes com a maneira que seu banco lida com seus pagamentos internacionais.

Da mesma forma, não há mal algum em mencionar que você é afiliado ao cessionário, portanto, é preciso levar isso em consideração ao avaliar sua recomendação.

Preciso de ajuda para o meu Quickbooks 2006.

Pergunta: Eu não posso mudar a moeda para o PHP que foi desativado. mesmo se eu estiver usando um único usuário.

Por favor me ajude a responder meu problema.

Parece que você está usando uma versão não-americana do QB, então não poderemos ajudar. Os recursos de múltiplas moedas só estão no QB desde 2009 e, neste momento, apenas QB 2010 e posteriores são suportados.

Ariel, acho que você inseriu transações nessa conta para as quais você deseja alterar a moeda. Agora, se você quiser alterar a moeda para o PHP primeiro, você terá que excluir todas as transações nessa conta & amp; em seguida, insira novamente todas as transações novamente.

Eu uso as atividades da QB Enterprise e da minha empresa em moedas múltiplas (USD, NGR) Minha moeda local é USD Como faço para manter registros para o meu P & amp; L itens em moeda estrangeira (NGR)

Como faço para manter em conta os impostos sobre vendas (IVA e WHT) em moedas estrangeiras?

P & amp; L & Qs em QB estão em sua moeda local, que no seu caso seria USD. Itens de imposto sobre vendas são calculados como% e não estão associados a uma moeda. Quando você fatura um cliente, seus itens de linha estão na moeda desse cliente. Portanto, se você tiver um cliente configurado no NGR, todas as transações, incluindo o imposto sobre vendas, estarão nessa moeda.

Estou pensando em ir online com a versão QuickBooks Online. Existem diferenças significativas em relação às versões para desktop com as quais estou familiarizado. Eu estou particularmente interessado na funcionalidade multifuncional.

Seus comentários e pensamentos seriam bem-vindos.

A funcionalidade multi-moeda veio mais recentemente para a versão online do que para a área de trabalho. O software de desktop teve multi-moeda desde o QB 2009 (anunciado no outono de 2008), mas a versão online só recebeu esse recurso em melhorias de recursos lançadas em 2012. De modo geral, a versão desktop tem mais recursos do que a versão online e nova os recursos chegam mais cedo no mundo dos desktops. Portanto, se você antecipar que será um usuário exigente em várias moedas, o produto de desktop poderá ser mais adequado. Se a moeda múltipla for uma pequena parte do seu negócio, a edição on-line provavelmente ficará bem. Se você tiver uma necessidade ou um recurso específico, é mais fácil comentar sobre a existência ou a funcionalidade dele nos diferentes produtos.

Acabamos de instalar o Quickbooks Pro 2010. Nosso sistema operacional Windows é o sistema chinês, na configuração da empresa em QB, não podemos escolher várias moedas. É porque o sistema chinês do Windows não suporta Quickbooks?

Não podemos dizer com certeza, já que usamos apenas versões do QB dos EUA nas versões americanas do Windows. QB 2010 ainda é suportado pela Intuit até maio deste ano, então você pode verificar diretamente com a Intuit.

Eu estou apenas começando a usar QuickBooks enterprise para um escritório regional nas Filipinas. Minha moeda padrão é US $. Eu tenho que inserir o orçamento na moeda estrangeira (PHP)? Ou posso inserir o orçamento em US $ & # 8211; O QuickBooks tentaria então converter o US $ em US $?

O orçamento é feito na sua moeda local, USD. Isso é verdade mesmo que você opte por orçamentar um nome que use uma moeda estrangeira, como um cliente atribuído a uma moeda estrangeira. Isso pode parecer estranho, mas a ferramenta orçamentária do QB não recebeu o polimento em múltiplas moedas de outros aspectos do programa.

Recentemente, começamos a usar o qb 2013. Faturamos duas divisas usd e moeda local, que é o shilling no quênia. O problema que tenho é que o qb pede para você inserir uma taxa de câmbio quando o cliente lhe paga, o que geralmente é feito por cheque. O cheque em si leva 3 dias para limpar, então eu não terei uma taxa de câmbio exata naquele momento. Além disso, quando o dinheiro em usd é creditado em minha conta bancária, posso levar até duas semanas para trocar o usd por xelins no quênia e, nesse momento, a taxa de câmbio seria diferente. Então, como vou contornar isso?

Se a taxa de câmbio no pagamento do cliente não for a mesma na data do depósito, mas sim a data em que o cheque libera o banco, você precisará editar o pagamento com a taxa de câmbio atualizada assim que souber essas informações.

A transferência de fundos de uma conta bancária para outra será uma transação separada que terá a própria taxa de câmbio. Veja Bancos - & gt; Transferir Fundos. Você sempre terá que inserir duas taxas de câmbio (e depois editar 1 delas, a única para o pagamento do cliente), mas se você não puder travar uma taxa de câmbio ao fechar uma transação, então ... # 8217 é típico para transações em várias moedas.

Olá Chief Mechanic,

Preciso de ajuda sobre a entrada de saldos de abertura em diferentes moedas.

Atualmente estou usando a versão do Quick Books Pro 2012 no Reino Unido. Eu estou lidando com moedas diferentes, como o US $ do EURO diferente do GBP.

No entanto, quando crio um novo cliente com quem negocio em moeda estrangeira, não consigo entrar no saldo inicial dessa moeda.

Então você poderia me dizer outro método para fazer isso?

Desde já, obrigado.

Todos os nossos artigos são baseados na versão americana do QB. Nós não trabalhamos com a versão do Reino Unido. Mas conceitos contábeis são os mesmos em todo o mundo, então vamos considerar sua pergunta em geral. Para uma empresa existente que utiliza QB (ou qualquer software de contabilidade) há algum tempo, novos clientes devem ser criados com saldo zero. Os clientes geram saldos por meio de atividade econômica e, se tiverem um saldo, isso significa que algo não foi registrado em seu sistema contábil. Para as empresas existentes que usam o QB, você registra seus novos saldos de clientes registrando transações, como uma fatura. Se você está mudando para QB de outro sistema e precisa configurar seus saldos de clientes, uma técnica comum é registrar esses saldos usando lançamentos gerais, onde você debita a conta de cliente e credita uma conta de patrimônio. Alguns preferem configurar um item de QB que aponte para uma conta de patrimônio e registre o saldo de abertura usando uma fatura para esse item. Ambos os métodos funcionam. Mas, novamente, isso é para empresas que estão migrando para o QB, e não empresas estabelecidas que têm usado o QB. Se essa é a sua situação, você deve registrar sua atividade econômica usando transações como faturas.

A moeda da minha empresa é PKR. mas nossas faturas estão em SAR, dólares americanos, euros etc. Temos duas contas bancárias de nossa empresa no Paquistão. Um em PKR & amp; outro em dólares. Recebemos o valor de nossas faturas principalmente em nosso banco do dólar dos EUA. Por exemplo, nosso valor de fatura é 50000 SAR. Dos 50000 SAR, recebemos 28000 SAR em dinheiro e restantes 22000 SAR em valor equivalente no Dollar Bank A / c. Qual é o registro contábil então?

Se eu entendi sua pergunta corretamente, seu cliente que você faturou em SAR paga uma única fatura em SAR e em USD. Isso faz com que mais contabilidade funcione para você, porque um cliente recebe uma única moeda. Existem diferentes maneiras de fazer isso, mas eu recomendo a criação de uma conta bancária de compensação na moeda da sua fatura. Em seguida, eu gravaria o pagamento do SAR 50000, mas o depositaria em sua conta bancária de compensação, e não em uma de suas duas contas bancárias reais. Com os fundos em sua conta bancária de compensação, eu registraria uma transferência de 28000 SAR para sua conta bancária de SAR real e uma transferência de 22.000 SAR equivalente em USD para sua conta bancária real em dólares americanos. Sua conta bancária de compensação após cada transação deve ter saldo zero. Com esse método, as duas contas reais acabam com os valores corretos e refletem apenas as transações reais, portanto, as reconciliações bancárias devem ser diretas.

Olá eu tenho um problema que eu estou na Colômbia e eu comprar produtos dos EUA e tenho todos os meus fornecedores nos na seção de fornecedor como USD moeda assim quando eu comprar qualquer coisa eu inserir o custo nos EUA e QB converte automaticamente para casa moeda usando o taxa eu dou-lhes na parte inferior da conta. Mas eu tenho algumas lojas e eu tratá-los como meus clientes regulares e quando eu faturá-los eu quero cobrar apenas o custo de cada item (o que custou quando eu comprei) e eu criei um nível de preço chamado custo assim quando eu chooes esse nível de preço cobra minhas lojas (cliente) em USD e não em COP, como supostamente. Digamos que um plasma LCD me custe 1000USD e taxa de câmbio quando recebi o item 100 COP eo custo no COP deve ser 100.000 e quando eu marcar com o cliente o preço de custo ele deve mostrar 100.000 COP mas mostra 1000 no preço o custo original em USD e eu quero que o preço seja cobrado na quantidade equivalente de COP, o que posso fazer para corrigir esse problema? pode me ajudar por favor. Obrigado!

Disse, nós vamos tentar ajudar. Primeiro, verifique que você aplicou seu custo & # 8220; & # 8221; nível de preços para cada cliente para o qual você deseja que o nível de preço seja aplicado. Edite o cliente e procure na guia Informações Adicionais das informações do cliente. Os seus custos personalizados em COP não serão aplicados a menos que o cliente seja atribuído com o & # 8220; custo & # 8221; nível de preço. Em segundo lugar, a QB fatura na COP, mas ela não fatura seu custo real. Em vez disso, ele será faturado com base no nível de preço personalizado. Portanto, se o custo de um LCD for alterado, seu cliente nunca verá esse custo alterado, a menos que você atualize manualmente o nível de preço. Em vez disso, seu cliente verá algo mais próximo do que os contadores chamam de custo padrão, e é isso que o seu nível de preço representará. Se você deseja faturar seus clientes pelos custos reais, pesquise em nosso site pelo termo "despesas reembolsáveis" & # 8221; (sem as aspas). Esses artigos oferecem opções para faturar seus clientes com seus custos reais. QB will convert your actual USD costs to COP. You may find it adds a few steps to your invoicing process, which may or may not be worth it if your actual costs don’t vary much.

Espero que ajude.

I’m trying to enter customer payment in foreign currency, but customer invoice is in home currency. Can I do this in QuickBooks Pro 2012? or how can I enter this transaction?

No, unfortunately you can’t. In QB using multi-currency, a customer is assigned a single currency and all transactions for that customer have to be in that currency. Generally speaking, it’s a good business practice to get customers to pay in the same currency that was used on the invoice. In this instance, you could create a second customer account in the foreign currency and generate an invoice on the same date as the original invoice in your home currency. The amount would be whatever amount of the foreign currency on the original invoice date that it takes to equal the amount of your home currency, even if that is more or less than the amount paid. Then, you’d enter a credit memo on the original invoice date in the original customer account for the amount of the original invoice. That would have the effect of reversing the original invoice and putting the A/R balance in the new customer account that uses the foreign currency.

Next, you’d record your customer’s payment in the foreign currency. If it’s different from the invoice amount, you should write off that balance as an exchange gain/loss. In essence, that gain/loss is the foreign exchange gain/loss you produced by invoicing in your home currency but allowing the customer to pay in a different currency.

Espero que ajude.

Chief Mechanic, can you please help me with my query.

I am posting home currency adjustment at year end, e. g. Dr Creditor Cr Exchange Gain.

Every week I generate the ‘unpaid bills report’, and I have noticed that the home currency adjustments are being included in the report, showing balance in home currency amount and zero as foreing amount, as for the system such entry was not paid/settled. In fact when I open ‘Pay Bills’ the entry is there with zero foreign balance, however system does not allow me to tick that particular entry.

Is there a way how I can set off such entries so that they are shown as cleared both in the ‘Pay Bills’ and ‘Unpaid Bills report’?

Kristian – I’ll need more information to clarify what you’re seeing. What version and release of QB are you running? You say you are posting home currency adjustments at year end, but they are showing up on the weekly Unpaid Bills report. By default, the Unpaid Bills report shows foreign balances in the home currency based on the transaction date when the transaction was recorded. Because the report is using exchange rates as of the transaction date, home currency adjustments don’t impact that report.

You can modify your Unpaid Bills report to show the exchange rate and the foreign open balance by clicking on the Customize Report… button, visiting the Display tab, and checking off these columns in the list. They’re near the end of the list. With that data displaying on your report, you should be able to verify that the exchange rate on the report is the same as that used to record the transaction. Moreover, if the bill has an unpaid foreign balance, that should appear in the “Foreign Open Balance” coluna.

Home currency adjustments don’t affect foreign balances, so the fact that you entered a home currency adjustment should not impact your ability to pay a vendor.

I’ve used that functionality in many versions of QB and just re-tested it in QB 2012, and I haven’t seen the results you’re reporting. Can you confirm you’re working with the Unpaid Bills report?

Obrigado pela sua resposta. The version of QB I am using is Pro 2006.

To make my query easier to understand let me give you an example, as it is difficult to explain my query by way of words.

Por exemplo. At year end I post a home currency adjustment of Euro 1,000 against Sonic (USD Creditor). Every week I run the Unpaid bills report as to be able to pay creditors, and the home currency entry is being shown in such list, even though entry has 0 USD. System is considering that entry as still open, whereas in reality that is just an exchange difference, and hence system should not include that entry in the report. Home currency adjustment is not affecting my foreign balance and neither ability to pay creditor, however I want that such entry is excluded from my report.

Hope above explanation makes more sense.

Yes, that helps. A couple of things:

You say you are using QB Pro 2006. I’m guessing it is not a US version of QB, since multicurrency didn’t come to US QB until 2009. Our comments are limited to US versions of QB, since that’s what we work with regularly. We can still try to help, but you’ll have to realize our comments are only based on our experience with US versions of QB. In US QB, home currency adjustments never show up on the Unpaid Bills report. In fact, they don’t show up in Vendor Center. Home currency adjustments are general journal entries, and they carry a checkbox that a user can’t modify that marks the GJE as a home currency adjustment. That allows QB to handle home currency adjustments differently compared to a typical GJE. Does your version of QB indicate that a GJE is a home currency adjustment in the journal entry screen? If not, that’s likely to be a big change between US versions of QB and yours. In US QB, you can apply a filter to the report to change the transaction types that are included. However, home currency adjustments are not a transaction type unto themselves, so IF they appeared (which they don’t), one could exclude them by excluding journal entries. However, this would exclude other journal entries that you may want to appear. Since your version of QB doesn’t function the way US QB does, you may want to explore whether home currency adjustments are their own transaction type that you can exclude from the report. You’d set a filter of multiple transaction types, and check off every type except home currency adjustment. You’re running a very old version of QB. Intuit has learned a lot about multi-currency support over the years, so it’s likely that there have been many improvements here. You might want to see if you can compare how this works in the latest version. This may be one of the things that has changed, since US QB doesn’t work that way.

Thanks for your help Chief Mechanic. I appreciate your help especially as I did not notice that site only dealt with US version.

I will try to modify the report.

Happy to try to help. Let us know how it goes.

I start to use multi-currency feature but I do not know how to post DUE TO amount to Quickbooks, which company transferred fund to other partner company.

Can you be a little more detailed in what you are trying to do? What transaction are you trying to enter? Where are you being prompted for DUE TO information? Are the currencies on both sides of the transaction the same? Are they the same as your home currency or different?

I have imported invoice data ifrom an excell file nto a US$ customer account; My home currency is Ja$; But the invoice created shows the amount as Ja$ and not US$.

I was expecting the invoice to show multiple currencies, that is the transaction amount in US$ and the home currency in Ja$. How can I fix this.

Terry – QB has limited transaction import capability, especially when it comes to multiple currencies. We have specialized tools to do transaction imports you described. Without such tools, you can’t accomplish what you want using off-the-shelf QB. If you’d like us to assist you as a paid service, just use our contact form. It will help if you made a backup BEFORE you imported anything, because otherwise those transactions will have to be manually deleted.

I am looking at using QB to deal with issues that MYOB seems to have no understanding of.

QB seems to have all the fundamentals that I would expect but to recommend to a client I need to understand whether QB can import fx transactions e. g. USD customer/vendor/bank transactions for a AUD local currency. The basic imports transactions types listed in the help do not seem to cover fx.

The implementation will require posting 1-2 years of history (that MYOB has made a mess of) so it isn’t really possible to do manually.

Dean – Your question is more fundamental than foreign exchange. It really deals with transaction import in QB. QB on its own does not do transaction import. We have tools that enable us to import transactions, and those tools do support foreign exchange. However, bulk importing foreign exchange transactions can lead to problems. You’d need the exchange rate used on each transaction, and that is often not recorded. If it was not recorded, converting foreign balances to another currency won’t be accurate, so you’d need to make adjustments on whatever frequency you need to preserve the accuracy of your financial statements. If you’d like to hire us to do the import, just drop us an email.

Oi. We just converted to QB. We are in Malaysia but most of our vendors trade in USD and our customers in our local currency. I keyed in all our inventories with cost (in USD as our vendor is already tag to USD) and sale price (in local currency). When I look at “Chart of Accounts”, I see “Inventory Asset” with the correct figure but it is in our local currency. Can I know is there a way for me to key in the exchange rate so I can have the right amount? If I were to update the cost price to our local currency manually now, will it pose any problem when we make a new order (in USD)? Obrigado.

Inventory is maintained in your home currency. You’d normally record the exchange rate for transactions on forms. Inventory receipts typically come from vendor bills, and inventory deductions come from customer invoices or sales receipts. Outside of recording an exchange rate on a form, QB does have an ability for you to enter exchange rates, but those rates will only apply to the transactions on the relevant dates.

When you make a new transaction in USD (either vendor receipt or customer sale), you’ll want to record the correct exchange rate. That’s how your home currency books will stay accurate.

We are using US$ and Euro bank accounts to make wire transfer payments to vendors. How do I record the Euro wire transfer fee if the home currency we are using is US$? I’ve set-up a Wire Transfer Fee expense account in the Chart of Accounts, but expense accounts are only in the home currency.

Create a vendor for the bank/institution that charges you for wire fee and specify the appropriate currency. Enter a bill for that vendor using your foreign currency (ie, not your home currency). When you do that, you can enter line items in the foreign currency even though the expense account is in USD. QB will convert the foreign balance to USD using the exchange rate on the transaction.

We run an operation in Venezuela and keep our books in their local currency. We need a tool to convert them to US$ at the transactional level (i. e. not just the ending balances). Do you think that QB may offer help? Just to be clear, we are not intending to implement QB full-blown as there are many nuances to Venezuela that are better dealt with by the local package. However we think that the multicurrency capabilites may help us to get our financials to US$.

To expand further, what we have in mind is to download all the transactions from the local package and uploading them into a system (e. g. QB). With this, QB would convert to US$ using the appropriate e/r.

Please let us know if you think QB is worth looking into.

My quick impression is that QB would not be the best tool for this. I think you’d be better to export your transactions to Excel and do conversions with that program. Check out our article on online sources of exchange rates. Someone with medium to advanced skills in Excel could use lookup functions to grab the appropriate exchange rate that you download into an Excel worksheet from an online data source. Keep in mind those online rates won’t match your actual rates, so another approach is to use the actual spot rates your firm used on each transaction. Either way, Excel will be a more powerful and flexible tool.

Want when prints my invoices should show currency xchange rate and total. how can this be done?

Edwin – Exchange rates don’t really apply to an invoice, since a customer is set up to use a currency and the invoice is generated in that currency. As for controlling what is printed on an invoice, take a look at the Lists->Templates menu choice, and edit the form you want to change. It’s a good idea to make a copy of the form before making any changes, and to start by making your changes to the copy to see if you’re satisfied. Espero que ajude.

can you help me with multicurrency. It doesnt work. I have to use my home currency and I cant store acutal purchase price in currency other than home. this makes a mess and I spent a lot of time of the phone when I first installed Pro over a year ago. tech ended up telling me I;m out of luck and maybe intuit will fix it some day.

Ben, we can try to help. You’ll have to clarify what you mean by “it doesn’t work”. It may not do what you want, but the functionality does work. Can you supply more details on what you’re trying to do? You might find it easier to pose new questions in our forum.

I cannot do something simple like send a PO to my vendor with the correct Euro price. I have to enter the Euro price everytime. QBs only works with the home currency and the daily exchange rate is never correct. even the spot rate from the download is not the rate I pay.

if you know someone who can fix this I am willing to pay for the answer.

this costs me a lot of time.

Ben, can you clarify what you want to fix? Keep in mind that no accounting system can get around having you record the actual rate that applies to a financial transaction. Downloaded rates will always be a reasonable estimate which you’d only use if you didn’t have actual exchange rates. As for sending PO’s with the correct price in EUR (presumably a foreign currency to your firm), the problem is that QB does not support multiple currencies for items. QB’s approach to items and COGS is to only account for those in the home currency. As a result, you have to get the exchange rate on your PO right, and that’s probably where the work is coming in. Since the PO needs to have accurate USD amounts, you can’t simply change the USD values to EUR values for an item (or create a second item with EUR values). About the closest you can come is to put the EUR pricing in the description.

While you may not like Intuit’s approach of accounting for items in the home currency, the alternatives aren’t clearly better or less work. The only way it might be less work is to set up a EUR subsidiary (even if it is just virtual in that it only exists as a QB company file), and handle the accounting in EUR. Your home currency would be EUR, so your PO’s, bills, and invoices would be in EUR. That can work if you are buying products in EUR and selling those same products to customers in EUR. However, if products are crossing currencies, the QB approach is probably the least amount of work.

Espero que ajude.

Based in Ghana, using USD, Euro, and Ghana cedis. Can I purchase pro for these great multi-currency functions or do I have to go with Premier?

Tim, yes QB Pro supports multicurrency. You can check out our article on the feature differences between QuickBooks Pro and Premier. You also may want to note that QB 2012 will be shipping on September 26th. As soon as it is available, you can download it directly from Intuit by following the links on our Buy QuickBooks page. It may take us a few days to update the graphics on our site, but if you click through you’ll get a discount and be taken to Intuit’s page, where you’ll see what version you’re getting. If you need it sooner, we can check Intuit’s policy on upgrades when a purchase is made close to a new version.

Tim, I forgot to mention that both the Euro (EUR) and the Ghanaian Cedi (CHC) are supported currencies in QB’s currency list.

GHC is Ghana’s old currency. The current currency GHS cannot be set as the home currency in QuickBooks Pro 2012 R5.

Thanks for the feedback, Kwabena. Have you passed that along to Intuit?

As for another question, our company issue shares, and our home currency is Canadian dollar. Some shareholder pay US dollar to purchase our shares. So if I receive cheque for US$10,000, I deposit it to our US bank account, then I will do the general journal as debit US bank account for CDN$ 9262 (exchange rate at 0.9262), and credit for share capital CDN$9262. At month end, I will do the home currency adjustment for the bank balance use the month end date exchange rate, the difference with the QB balance will go to exchange gain/loss, is that right? Or is there any correct way to record this transaction?

Your approach is fine, but as long as you hold share capital in a currency other than your home currency, you’ll continue to have exchange gains or losses. Imagine a company with no financial activity, a home currency of the Canadian dollar, and a bank account in US dollars. Even with no financial activity, that company will have exchange gains or losses as exchange rates fluctuate. If the company transferred the funds from the sale of shares to the home currency on the date of the share sale, exchange gains or losses would be virtually eliminated.

Our former accountant use “Enter Bills” to record an account payable, but sometimes she use “write cheques” to pay that bills, sometime she use general journal to pay the bill. That result when I use “pay bills” to make payment, there are some bills shown as unpaid, but actually they are already been paid. How can I remove these “unpaid” bills from the “pay bills” Lista.

First, it’s bad practice to use Write Checks to pay a bill once it has been entered. The simplest and easiest way to pay a bill is to use the Pay Bills function. While not the simplest method, you can use a general journal entry to pay a bill provided the A/P account is on the first line of the general journal entry, and the vendor appears in the Name column.

For the situation where Write Checks has been used to pay a bill, you can either void or delete the bill. As a general rule, voiding should be used over deleting. Before doing either, you should make sure that the accounts in the lower half of the Write Checks window match those in the Enter Bills window, or, if they’re different, that you approve of the change. When you void the bill, you can record a memo that the expense was accounted for by a check, and supply the check #. That will help track the change in the future.

Eliminating residual vendor balances when using multi currency?

I’m running a USD home currency with FC vendors. The change in rates between invoice entry and payment results in residual USD vendor balances after bills are paid. Home currency adjustment isn’t eliminating them.

Has anyone dealt with this? Can you tell me if I’m missing a step or if you’ve come across a technique to solve this?

I assume by “FC vendors” you mean foreign currency vendors. If you have a foreign currency vendor that you owe 100 units of a foreign currency and pay the vendor bill for 100 units in that foreign currency, the vendor’s balance should be 0 in that currency. That’s the way US QB works. I’ve seen instances in older versions of Canadian QB that exhibited the problem you’re describing. Are you using US QB? If so, what’s your program and year?

As for another question, what is the actual source of the exchange rate data used by Quickbooks/Intuit?

Yes, there is a market, but there are many market data providers. Needed for audit…

Appreciate any insight.

Rob, see our article on the exchange rate source. The notion of “needed for audit” comes up a lot, but it really shouldn’t be needed. The exchange rates downloaded in QB were not intended to be more than a guide; the actual rates applicable to a transaction should always be used.

I am using Quickbooks Enterprise 11., I record every transactions in local currency ( Birr) but every month I need to send reports to USA in USD. Do u think Quickbooks can do this, please help me..

No, I don’t think it can, unless you make a pretty big change. It sounds like your local currency is your home currency. That’s the currency for your financial reports. If you make USD your home currency, you can send financial reports in USD easily, but that’s a pretty big change. If you did that, you would have to revise the entry of most transactions in the past, and record future transactions in USD – something that may not be appropriate for your business.

We use QuickBooks Pro 2009 and have this problem with multi-currency and exchange rates.

We purchase most of our inventory in China, payments are made in advance,, items may.

be received in more than one shipment, therefore more than one bill.

1. We create a BILL CREDIT for the prepayment on January 1st.

2. We receive part of our order and bill February 1st. and pay the bill from above CREDIT.

3 We then receive the rest of our order and bill March 1st. and pay bill from CREDIT.

Now if the EXCHANGE RATE is different on the BILL RECEIPTS from that of the BILL CREDIT ( which is normal ) the amounts of these transactions in the GENERAL LEDGER is incorrect, however, the amounts.

in Accounts Payables IS correct. Of course we end up at the end of the year out of balance.

Another thing to add here is that we have many BILL CREDITS and many BILLS for this vendor, some BILLS will be paid using more than one BILL CREDIT.

Is there any way around this apart from ensuring that every BILL CREDIT and every BILL for this vendor has the same EXCHANGE RATE.

I welcome any suggestions, thank Peter.

I think you have a mis-understanding of how exchange rates apply to your circumstances. Let’s say you make an advance payment at a given exchange rate on January 1st (your example), and you receive shipments on February 1st and March 1st. Your vendor should be set up to use Chinese Yuan (CNY) and your payment to that vendor should match the vendor bills submitted by that vendor in Chinese currency. So there should be no “out of balance” situation in Chinese Yuan (CNY), unless the vendor billed you for a different amount than you paid.

The difference in the exchange rates (on January 1, February 1, and March 1) may create either an exchange gain or loss, but that shouldn’t create a situation where your GL is incorrect, because QB takes care of exchange gains/losses.

You don’t want to set every bill and bill payment to the same exchange rate, because that would contradict reality. You want to use the exchange rates in effect on the date you made the transaction to acquire the foreign currency or goods.

As for using bill credits to record the payments, you can also use general journal entries provided that the entry to A/P is the first line of the GJE. When you pay a bill with multiple GJE’s, you would simply pay as many bills in full as you could. That would leave a remainder on the GJE, which would be used to pay other bills, until that GJE was “used up.”

Espero que ajude.

QuickBooks Pro 2012.

We purchase most of our inventory in China, payments are made in advance,, items may.

be received in more than one shipment, therefore more than one bill.

1. We create a CREDIT for the prepayment on January 1st , exchange rate USD1 = CNY 6. 1.

2. We receive bill on February 1st. and pay the bill from above CREDIT, exchange rate USD1 = CNY 6. 2.

Then , I find the exchange gain between 6.1 &6.2 would back to prepayment transaction , but , on Feb 1st , Jan book has been closed , it should not change the entry of Jan . could you advise how to solve this problem ? Muito obrigado.

Every now and then a client of ours messes up their bank transfers. We invoice them in USD from our Hong Kong company, and they pay us in HKD instead of USD.

How do we clear out the original accounts receivable in USD with a payment recorded in HKD? We end up having to create a whole new “customer” just to record the payment in the new currency. And we are never able to reconcile the two so we can provide the customer with a correct Statement. The HKD ‘customer’ always has a credit, and the USD ‘customer’ always has an unpaid balance.

First, to avoid creating new customer accounts, simply record the payment in the account of your USD customer, even though it was paid in HKD. To do that, if your customer pays a USD invoice in a currency other than USD, calculate the USD equivalent by dividing the foreign amount of the payment by the exchange rate . Record that USD equivalent as the amount paid – not the actual foreign amount. Add a memo describing the conversion. From the customer’s point of view, the customer records the foreign amount, so the memo is the way to connect the transactions. Your USD customer’s statement will be accurate in that currency, even though all payments were not made in USD.

Second, if you’re using the Undeposited Funds account, QB will put the USD equivalent of a payment from a foreign balance customer in the Undeposited Funds account. Once a USD balance is in your Undeposited Funds account, you can convert this into a Deposit in a Bank account in any currency simply by choosing the exchange rate and the foreign balance Bank account on the Banking->Make Deposits menu selection. That way, your HKD can be deposited into a HKD denominated bank account.

That fixes the present and future. Depending on the volume of transactions, I generally think it’s better to fix the past by recording those transactions properly. If the volume is such that that isn’t possible, you could create a clearing account, with a general journal entry to 1 in HKD offset by an equal general journal entry to another in USD. You’d then clean up A/R to apply the open credits.

Of course, the clearing account example assumes that the USD amounts are the same. They may not be. For example, a USD customer that paid a $100 invoice with 100 EUR is going to have a credit balance, and it will be a business decision how to address that.

I have used the multiple currency feature for months, and I must say that it was not designed for my situation and simply does not work for me. Here’s the problem:

I travel 4-6 months a year in foreign countries and have expenses in many currencies. These are charged on my US credit card, and when they clear, they come in as USD at an arbitrary exchange rate with an added fee. The unrealized gain and loss feature holds not the slightest bit of interest for me. When I record the transaction, I record it in the foreign currency and get a rough approximation of how much I spent using the current exchange rate. But when the transaction clears, the USD on the credit card statement is IN FACT what the transaction cost, and it is that amount that I intend to bill to clients and make a permanent part of my books. So let’s see how this plays out in QuickBooks.

1. Entering the transaction. I can’t just use a credit card line to enter the transaction – the system slaps my hand every time I try, because I never remember to open the edit credit card transaction screen.

2. Here is the reconciliation process when the charge clears, FOR EACH CHARGE:

Click on company, drop down to manage currency, drop down to currency calculator. click on calculate, drop down to exchange rate. Look up and hand enter both original currency amount and US currency amount. click calculate. click copy. Find the transaction and click on edit credit card charge. Paste in exchange rate box, then click somewhere else so it calculates. We’re somewhere between 15 and 20 clicks plus duplicate entry of two numbers for EVERY SINGLE EXPENSE I HAD FOR MONTHS. Then there’s the fact that at random times QuickBooks wants to change the exchange rate for the day to what I entered, and if I say yes, it messes up other transactions for the same day that have to be RECALCULATED!!

How dumb is this? I feel so trapped with QuickBooks because I have a decade of company books on it, but to make me do this for every hotel bill and dinner for months on end is simply crazy. It is certainly clear that the designers of this feature never thought about credit card transactions in foreign currencies.

We have the same issue. I just wait until the credit card bill comes in and then enter the charges in the USD amount. If you are paying in USD the foreign currency is irrelevant. Of course I check all of our reciepts against the bills to make sure the foreign amount charged equals the reiceipt amount. I enter all USD and pay the bill in USD. Credit card exchange rates suck so they are unrealistic anyway. You would need to enter the foreign currency for each charge only if you are paying the bill in that currency. In that case enter the currency that you are billed in for each charge.

hope that helps,

Muito informativo. Obrigado. I need to know as well if I can print checks in foreign currencies. I have accounts in GBP so I can send checks to people as honoraria and I am looking to open accts in other countries. I have to use a UK version of QB on a whole different computer so I can do this. As you can imagine, it is a pain. Obrigado por qualquer ajuda sobre isso.

Lester, you can print checks in other currencies, so long as you follow a few guidelines, which we’ve outlined in our KnowledgeBase article: Can QuickBooks Print Checks In Currencies Other Than the US Dollar?

With multicurrency support in the US QB, more and more businesses that previously used foreign QB versions for just this type of thing are “coming home” to the US version. Having 1 software product to learn and manage makes things much easier.

Hi, I am just wondering if you’ll be able to help me with the multicurrency query. I have started to work for an american company which dediced to move to Ireland, registered as a new company and handed over all books over here. I have extracted some old data from previous company and created new company file, started from scratch and set up home currency as Euro. However company is still doing all the business and receiving orders and selling only in USD, to set up new customer accounts, I was wondering, should I set up currency in USD and would be able to track all figures in Euro for P&L and Balance Sheet later on. I am not quite sure how this multicurrency feature works. Thank you for any advice.

Do any of you guys know where/what is the download link for the QuickBooks software?

Obrigado pela resposta.

Getting confused with multicurrency! I understood the Home Currency Adjustment for ‘Unrealised gains/losses’ on funds held in foreign currencies. Not clear on what exactly Quickbooks consiers Realised gains though.

For example suppose my native currency is USD. I transfer USD100 to an EUR account amounting to EUR80 (Rate 1.25) and later transfer back the entire EUR80 to the USD account but this time get USD110 for it (Rate 1.375). Assuming there are no other transactions, Quickbooks doesnt report the $10 earned here due to favorable exchange rate as a ‘Realised’ gain? It only shows home currency adjustments as realised gains?

I am in a situation where two different currencies are used concurrently. That is, I need to keep US$ based transactions in US$ and FC based transactions in FC. I would like to produce a consolidated report in US$ at then end of the period with exchange gains/loss measures. Would it be relatively easy to keep two sets of accounts separate?

Thanks Chief Mechanic. Good articles those too.

I think I wasnt clear in my question. This article and the links to the 2 articles you gave explain about a transaction involving the home currency and a foreign currency. I was asking about the case of a transaction between two foreign currencies (not as rare as one might think!).

So if my home currency is USD and the transaction I am undertaking is between a GBP account and a EUR account, how does this impact the PL and BS?

The logic is the same as that outlined in those links, but the transactions become more complicated because QB only allows 1 foreign (relative to the home) currency per transaction . In your example, GBP & EUR are both foreign currencies if USD’s are the home currency. So, to transfer GBP to EUR you’d have to pass them through a dollar-denominated account (you could create a wash bank account for this purpose to avoid the transactions hitting your real bank account). In the end if EUR were worth less than what was put in, you’d face a loss. Keep in mind that QB only knows the exchange rate if you tell it the current rate. QB won’t know you’ve incurred a forex loss unless there is a new exchange rate on file in QB.

Thanks for that, also noticed the Balance Sheet 1750 EUR was explained, cool.

I have another (rather advanced) query… if we have bank accounts in more than 2 currencies how do cross-transactions work?

Like if my home currency is USD and I have also have accounts (say bank accounts to receive local payments in) in GBP and EUR, for every transfer between USD and the others its handled by the above automatically.

But how about if I make a funds transfer between the GBP and EUR account? I asked a friend and he says any such transfers can be ignored as reporting is done in the native currency only. But if I transfer 1000 GBP into 1500 EUR and then transfer 1500 EUR back to the GBP account and get back only GBP 900, should this be accounted in some way?

More good questions. FYI, we’re building our QuickBooks KnowledgeBase. Both of your questions are addressed directly there. On transferring funds between bank accounts in different currencies, check out this article. For how gains/losses are accounted for, check out this one.

Your friend is right only in so far as reporting is done in a home currency. However, he’s incorrect in that gains and losses still need to be accounted for. That’s what the Home Currency Adjustment function does. In the 2 links above, the GBP balance is upped by the amount of the gain, so you can re-patriate in USD the original deposit + the exchange-related gain or loss.

Great tutorial (especially the pictures help).. thanks.

I am a newbie, just a bit confused about some issues with multi-currency. Firstly in the above example, (assuming your home currency is USD) you invoiced the customer 1000 EUR = 1500 USD and received only 1250 USD. Isnt this a forex loss? Looks like it showed up as a gain (negative expense) on the Profit & Loss report?

Good catch, Adam. For the income statement, we linked to the wrong screen capture, which we’ve since fixed. As you correctly pointed out, it is a forex loss, where before it was incorrectly shown as a forex gain. We also added a clarification on the balance sheet, since the balance sheet wasn’t intended to be in sync with the income statement. The balance sheet was intended to display another aspect of multi-currency accounting, where the exchange rate changes before the customer receivable is paid. The balance sheet was prepared based on recording the home currency adjustment shown, before the customer payment was received.

We are using multiple currencies, as we have offices conducting business in both the US and the UK. Is there any way (short of having 2 separate QB company files) to print financials in GBP and USD? Meaning, we want to have one “master” company with 2 subsidiaries. We need to be able to print reports for the US in USD and for the UK in GBP. Isso é possível?

Desde já, obrigado.

This is a great question, Mary. Here’s 1 method that might accomplish what you want (albeit with some tinkering and effort): use classes. Create a class called “US Subsidiary” and another called “British Subsidiary”. Classify every transaction according to these 2 classes. For reports, you can use a Filter to include only 1 class. That would allow you to print a P & L for the US Subsidiary, for example. If you have separate accounts, customers, and vendors for each “subsidiary” denominated in each currency, you’ll end up with reports for each “subsidiary” in the local currency. The tinkering and effort will primarily come in keeping a balance sheet for each company in balance. Although you can use a class filter to print a balance sheet, the resulting balance sheet won’t necessary be in balance. Keep in mind that classes can only be used to track one aspect of your business, so if you’re already using classes for something else, this won’t work. This is a somewhat rough attempt to create consolidated financial statements, a task better suited to Enterprise Solutions than Pro or Premier. For simple P & L’s in different currencies, the result will probably be worth the effort. For a complete set of financial statements, this method will probably expose its limitations before too long. Given that once you turn on the multi-currency feature for a company file, you can’t turn back, you may want to try making a new company file and enter some sample data before pushing ahead with live data. Let us know how it goes.

Thanks so much for your reply. I’ll be sure to give it a try and keep you posted.

Você é bem-vindo. You should be able to print P & L’s in both USD & GBP provided you’ve applied classes consistently and you specify the class as the report filter. Balance Sheets are trickier, because they won’t automatically balance.

A company file is intended to print full financial statements (P & L, BS, Cash Flow) in a single currency. QB Premier also doesn’t support multi-company consolidations, even in 1 currency. So this technique is pushing 2 boundaries of QB. Don’t be too surprised to find limits.

We all want to use the GAAP rules……..

Does the explanation given above mean that without making an annual adjustment in the general journal, an unrealistically high balance on the A/R foreign item (includes unrealised gains due to currency fluctuations) will progressively float away from reality?

If so .. surely this is the opportunity for Intuit to create an easy proceedure to get the annual Balance Sheet right.

We use multicurrency over here in UK trading with Dollar customers and Euro customers so our home currency is Sterling.

The state of our Balance sheet is looking like a picture of fairy land as a result of unrealised gains.

Roger, cheers from across the pond.

The easy procedure is already in place. All a user needs to do is download the latest exchange rates, and those will be used to produce realistic financial statements. The only problem that I see with this approach is that the burden is on the user to actually download current rates before preparing financial reports; otherwise the reports may very well “float away from reality” as you suggest. However, that burden is not really very different from other aspects of any financial accounting package. For example, you can print financial statements without ever having recorded depreciation or amortization. In the end, it’s up to the person doing the work.

As to your comment about unrealized gains/losses, are your gains coming from transactions that haven’t closed? Normally, these would close in a relatively short period of time, which would cause them to be realized.

Our multicurrency description is based on a firm with a home currency (in our example, the US dollar) trading with customers or vendors in foreign currencies. Typically, these trades would be closed out in CM says:

How about the revenue and expense associated with the transaction? If you have made a sale, the other side of the receivable is revenue. Typically this is converted at the average rate for the period the revenue was earned – it appears that in quickbooks 2009, this would incorrectly be at the spot rate used when the invoice was generated. As we live in a global economy, hopefully quickbooks will enhance the multicurrency feature in the next version so that it is compliant with GAAP.

I’m not sure currency conversions at an average rate are required for GAAP. Take a look at FAS No. 8. Under paragraph 29, the use of averages is permitted, but not required.

Paragraph 13 states:

Revenue and expense transactions shall be translated in a manner that produces approximately the same dollar amounts that would have resulted had the underlying transactions been translated into dollars on the dates they occurred. Since separate translation of each transaction is usually impractical, the specified result can be achieved by using an average rate for the period.

It seems FAS No. 8 encourages currency translations into dollars based on rates “on the dates they occurred.” This is exactly what QuickBooks 2009 does, so it seems to me it’s GAAP-compliant just as it is. Not using averages raises a separate issue of how firms entering large volumes of non-dollar denominated transactions can insure the correct rate was used in transaction entry.

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FAQ para visitantes internacionais da Igreja de Uganda.

Quais são os requisitos para a entrada no Uganda?

Uganda opera com o visto recíproco & # 8221; sistema. Ou seja, se o seu país de origem exigir que os cidadãos ugandeses obtenham um visto de entrada, você deverá obter um visto de entrada para entrar em Uganda. A partir de 1º de julho de 2016, todos os vistos devem ser processados ​​on-line por meio de um website dedicado; após 1 de julho de 2016, os vistos não podem ser adquiridos no momento da chegada. Os cidadãos da África Oriental não precisam de visto para entrar em Uganda. Se você também estiver viajando para o Quênia ou Ruanda, poderá obter um visto para a África Oriental que permita a livre circulação em todos os três países sem obter vistos separados para cada país. Estes também estão disponíveis através do processo de inscrição online. Prova de imunização contra febre amarela também é necessária.

Como obtenho moeda local?

A grande maioria das transações financeiras em Uganda é em dinheiro. Cartões de crédito são aceitos em pouquíssimos lugares e a fraude com cartão de crédito é comum. Não planeje ser capaz de usar um cartão de crédito em Uganda, e se eles forem aceitos, não é aconselhável. Da mesma forma, cheques pessoais não são aceitos. Os cheques de viagem só são aceitos em algumas agências de câmbio e obtêm uma taxa de câmbio muito menor.

As duas melhores maneiras de obter moeda local são:

1. Traga dinheiro para converter para xelins ugandenses em um banco ou agência de câmbio. Contas maiores, datadas de 2006 ou mais recentes, trazem a melhor taxa de câmbio. Por exemplo, US $ 50 e US $ 100 trazem taxas muito melhores do que as contas mais baixas. As melhores taxas para converter dinheiro serão no Forex Bureaus em Kampala. Os bancos do interior terão capacidade limitada para converter grandes quantias de moeda estrangeira.

2. Traga o seu cartão ATM / débito para retirar os xelins ugandeses do seu banco. O seu cartão ATM / débito deve conter o logotipo VISA ou o logotipo da MasterCard.

Finalmente, é aconselhável que você faça mais conversão de moeda em Kampala antes de ir para o interior.

As agências de Forex estão abertas segunda-feira & # 8211; Sexta-feira durante o horário comercial e aos sábados de manhã. Apenas agências de Forex nos principais hotéis em Kampala estão abertas no sábado à tarde e à noite, e no domingo.

Como me comunico em casa enquanto estou em Uganda?

Verifique com o seu provedor de telefonia móvel local para descobrir se eles têm acordos de roaming com provedores de telefonia móvel ugandenses. Esteja ciente, no entanto, que será difícil para seus anfitriões ugandenses se comunicarem com você se você estiver usando um número internacional por causa da despesa.

Recomenda-se que compre um cartão SIM Ugandense local para facilitar as comunicações no Uganda, especialmente com os seus anfitriões locais. Um cartão SIM de Uganda é muito fácil e barato de comprar, geralmente custando menos de US $ 1. Para usar um cartão SIM local, no entanto, seu telefone deve estar desbloqueado. Airtime é comprado em uma base pré-paga e está disponível em todos os lugares. Os principais fornecedores de telemóveis no Uganda são a MTN, a Uganda Telecom, a Airtel e a Africell.

Uganda opera na plataforma GSM (cartões SIM) nas freqüências de 900 e 1800 MHz, que são as mesmas freqüências usadas na Europa e na Ásia (exceto no Japão). Assim, os telefones celulares europeus devem funcionar em Uganda. Aparelhos de telefone americanos e canadenses são tipicamente conectados para operar nas freqüências norte-americanas de 850 e 1900 Mhz. Portanto, aparelhos de telefone americanos ou canadenses só funcionarão se forem telefones de banda tripla, ou seja, se também operarem nas freqüências de 900/1800 Mhz. (Para mais informações sobre frequências usadas para telefonia móvel, clique aqui.) Todos os telefones inteligentes da maioria dos dias de hoje são automaticamente telefones tri-band. Para os norte-americanos que usam telefones mais antigos, você deve esperar comprar um aparelho de telefone barato enquanto estiver em Uganda. Finalmente, apenas um telefone desbloqueado poderá reconhecer outro cartão SIM.

Então, em resumo, se você planeja usar seu telefone com um cartão SIM de Uganda, as seguintes condições devem ser aplicadas:

Hard-wired para operar em freqüências de 900/1800 Mhz. Aparelhos norte-americanos, portanto, devem ser de banda tripla. Plataforma GSM (usa um cartão SIM) Desbloqueado.

Aparelhos de telefone genuínos estão disponíveis em Uganda por aproximadamente US $ 40. Alguns grupos / equipes compartilham o custo de compra de um telefone e consideram-no como o telefone de grupo. & # 8221;

O acesso à Internet é limitado em Uganda, e apenas alguns hotéis e locais públicos oferecem acesso sem fio, e normalmente é muito lento. Os modems móveis podem ser adquiridos através das empresas de telefonia celular e pacotes de Internet & # 8221; pode ser adquirido através de um sistema pré-pago com um preço razoável. Se você estiver usando um smartphone para acessar a Internet, você pode comprar um cartão SIM local e obter um pacote Internet & # 8220; bundle & # 8221; para reduzir despesas com dados. Os telefones inteligentes que usam cartões SIM locais também podem ser configurados como um hotspot móvel para permitir que outros dispositivos acessem a Internet por meio de seu sinal transmitido.

Qual é a situação da eletricidade em Uganda?

Uganda opera em 240 watts e 50 ciclos (como o Reino Unido). Se você é de um país que usa corrente de 110, traga um transformador ou leve eletrônica de dupla voltagem. As tomadas de parede usam o plugue de três pinos encontrado na Grã-Bretanha. Se você estiver vindo de um país diferente do Reino Unido, certifique-se de levar os plugues do adaptador. A eletricidade é imprevisível e não confiável em Uganda. O país não produz eletricidade suficiente para seus clientes, portanto há uma queda de carga regular. Alguns lugares têm sistemas de backup, como geradores ou energia solar, mas outros simplesmente contam com velas ou lanternas de querosene quando a energia é desligada. Os sistemas de backup normalmente não são capazes de suportar aparelhos elétricos de alta demanda, como secadores de cabelo.

O que preciso saber sobre preocupações com água, saúde e segurança?

A água que sai da torneira não é segura para beber. Somente água engarrafada, água filtrada ou fervida é segura para beber. A malária é predominante em toda a Uganda. Recomenda-se a profilaxia da malária. Verifique com o seu médico qual a profilaxia a tomar. A imunização contra a febre amarela é necessária para a entrada no Uganda. Coma apenas alimentos bem cozidos. O leite deve ser fervido antes de beber. Acidentes de viação são comuns; É recomendado o uso de cintos de segurança. Andar sozinho à noite em Kampala não é aconselhável.

Se eu precisar de atendimento médico de emergência, onde posso ir?

Em Kampala existem várias clínicas / clínicas médicas que operam com padrões internacionais de saúde:

2. O Hospital Internacional de Kampala. O International Hospital Kampala faz parte do International Medical Group e está expandindo sua família de clínicas em todo o país.

Recomendamos seguro de viagem que inclua evacuação médica (para emergências) e repatriação de restos mortais em caso de morte prematura. Tanto a cirurgia quanto o IHK podem providenciar evacuações médicas.

Quais são algumas coisas importantes para saber sobre a cultura local?

1. Em Uganda, os cristãos não bebem álcool ou fumam cigarros; faz parte da cultura do renascimento da África Oriental. Recomendamos que nos abstenhamos de álcool e cigarros durante a sua visita à Igreja do Uganda.

2. Uma cultura de modéstia e formalidade prevalece em Uganda. As mulheres são aconselhadas a usar saias ou vestidos com comprimentos idealmente abaixo do joelho e ombros cobertos. Não calça ou shorts. Os homens devem usar camisas com botões; uma gravata e um casaco esportivo são recomendados para falar em igreja ou falar em público. O clero deve usar colares clericais. Não se vista como se estivesse indo para uma viagem de acampamento - porque você não é!

3. Saudações são uma parte muito importante da cultura ugandense. Tire um tempo para cumprimentar completamente as pessoas.

Que tipos de presentes são apropriados para trazer nossos anfitriões?

Presentes práticos são mais apreciados. Alimentos básicos, como açúcar, arroz ou feijão, são sempre apropriados e podem ser adquiridos localmente no Uganda. Outras ideias incluem:

Lençóis de cama plana Toalhas Memorabilia da sua igreja ou cidade / cidade, por exemplo, t-shirts, canecas, canetas, etc. Recursos do ministério, por exemplo, African Bible Commentary Equipamento desportivo, por exemplo, bola de futebol, frisbee.

Quais recomendações você tem para acomodação?

Em Kampala, a Igreja de Uganda administra uma Casa de Hóspedes que tem a reputação de ser sua “Million Dollar View” (Vista de Milhões de Dólares); e é conhecido como um cruzamento internacional & # 8221; por causa do número de visitantes que recebe todos os anos em todo o mundo. A Guest House Namirembe é modesta, mas razoável, oferece acesso conveniente à sede da Igreja de Uganda e apoia a Igreja. As reservas para o Namirembe Guest House podem ser feitas através do seu website. Eles também oferecem serviço de traslado e desembarque do aeroporto por uma taxa, que pode ser organizada através de seu website.

Em Entebbe, há pousadas tranquilas e resorts vibrantes. O Airport Guest House oferece um ambiente tranquilo com quartos com banheiro privativo a preços muito razoáveis.

Se você estiver indo para o interior, o seu anfitrião local irá providenciar acomodação para você.

Como faço para organizar o transporte local?

Contratações de carro pessoal estão disponíveis, mas não é recomendável que se contrate um carro sem motorista. Seus anfitriões locais geralmente farão todos os seus arranjos de transporte no país em seu nome. Normalmente, um carro de aluguer e motorista para viagens ao exterior custam US $ 100 por dia; o combustível é extra.

O transporte público consiste em ônibus, carros especiais de aluguel, táxis (vans de 15 lugares) e boda-bodas (moto-táxis). Boda-bodas não são aconselhados, pois são extremamente perigosos e com risco de vida.

Para recomendações sobre serviços pessoais de aluguer de automóveis, por favor contacte a Igreja da Uganda no COUOffice @ gmail.

Há algum site especial que eu deveria ter certeza de ver ao visitar Uganda?

Na área maior de Kampala, não se deve deixar de visitar o Santuário dos Mártires de Uganda. Da mesma forma, se possível, você deve visitar a Catedral de St. Paul, Namirembe. Esta é a igreja mãe de Uganda, Ruanda, Burundi e Boga-Zaire e é onde os primeiros missionários se estabeleceram e começaram a evangelizar Uganda.

Uma viagem a um parque nacional é sempre recomendada. Se você está planejando uma viagem para o interior, seus anfitriões locais podem aconselhá-lo sobre os Parques Nacionais perto de onde você estará.

Se você estiver viajando a leste de Kampala, recomendamos visitar a Universidade Cristã de Uganda em Mukono e a Fonte do Nilo em Jinja.

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QuickBooks Multi-Currency Features.

First, QuickBooks multi-currency support is off by default . It’s a company preference on the Edit->Preferences->Multiple Currencies menu. Once support for this feature is turned on for a particular company file, it can’t be turned off. When you track multiple currencies, you need to specify the home currency , which for US-based businesses is the US dollar. At the end of our review, we’ll see that one impact of tracking multiple currency transactions is that QuickBooks will automatically create an Other Expense account named Exchange Gain or Loss to record unrealized foreign exchange-related gains and losses.

To get oriented, access to multi-currency features are on the Company->Manage Currency menu.

QuickBooks 2009 offers the ability to download the latest exchange rates. As you can see from the Currency List captured after completing the download, exchange rates for only 12 of the most actively traded currencies were available. If you’re using a currency for which exchange rates aren’t readily available, you’ll have to enter that rate manually.

There’s also a Currency Calculator that can calculate the home amount , foreign amount , or exchange rate . The home amount (e. g. US dollars) is the product of the exchange rate and the amount of the foreign currency. The foreign amount is the result of dividing the home amount by the exchange rate. The exchange rate is the result of dividing the foreign amount by the home amount.

Home Currency Adjustment is used at the end of an accounting period to adjust your balance sheet accounts to reflect exchange rates on the balance sheet date. Balance sheet accounts are adjusted up or down by the amount of the unrealized gain or loss and posting the offsetting debit or credit to an Other Expense account. By default, the Other Expense account is named Exchange Gain or Loss . Until a home currency adjustment is recorded, balance sheet accounts represent the value in the home currency at the exchange rates used at the time each transaction was recorded. If the exchange rate has increased, your home currency buys more of the foreign currency, so the home currency adjustment will result in an unrealized gain. Home currency adjustments are calculated based on unrealized gains and losses. For example, for a customer invoice, gains or losses are unrealized until payment is received; after that, they’re realized and a currency adjustment is no longer applicable. QuickBooks 2009 provides reports for both unrealized and realized gains/losses, so we’ll see this in greater detail when we review these reports and the impact of entering a transaction that originated in a foreign currency.

Rounding out the Multiple Currency menu are 2 help tools. There’s a link to a multicurrency overview in the QuickBooks help file. There’s also a link to the Multicurrency Resource Center. Unfortunately, at this writing, this link just opens the QuickBooks integrated web browser and navigates to a general link that doesn’t contain information on using multiple currencies. Since foreign exchange is a new topic for QuickBooks users, hopefully Intuit gets a specific link up soon.

Let’s see how QuickBooks multi-currency accounting affects some typical transactions. Before we can enter transactions in a foreign currency for a customer or a vendor, we have to specify the currency in which all transactions for that customer or vendor will be recorded. If there are no transactions, we can edit an existing customer or vendor; otherwise, we’ll have to create a new record. We’ll start by creating a new customer and specifying that this customer will be accounted for using the €, or Euro. Next, we’ll produce a customer invoice but we’ll change the exchange rate to 1 Euro (€) = 1.5 US dollars.

At this point, because the customer invoice has not been paid, any foreign exchange-related gains or losses are unrealized. So let’s generate the Unrealized Gains & Losses Report by first entering the exchange rates for those currencies for which there are outstanding transactions.

Next, let’s record receipt of the customer’s payment in full. Both the invoice and the payment will be recorded in the same currency, the Euro (€). We’ll change the exchange rate to 1 Euro (€) = 1.25 US dollars to reflect a change in the exchange rate. Because this invoice has been paid, any foreign exchange related gains or losses have now been realized, so they’ll show up on the Realized Gains & Losses Report.

We’ll wrap up our review of this simple multicurrency transaction by looking at the impact on the company’s records. Press the Journal button (or alternately, Ctrl Y ) while viewing either the customer invoice or payment to see the specific entries QuickBooks made. The Journal for our Invoice transaction shows the debits and credits for that transaction. Next, let’s go back in time to before we entered the customer payment to review the unrealized gain or loss that would be recorded by entering the home currency adjustment described above. That’s the adjustment at the end of an accounting period to reflect exchange rates on the financial statement date rather than the original transaction date.

Let’s start with the Profit & Loss by running the Profit and Loss Standard report from the Reports->Company & Financial menu and pressing the collapse button. Here we’ll see the default account Exchange Gain or Loss created by QuickBooks when we enabled multi-currency tracking in our company file.

Finally, let’s review the Balance Sheet. Note that in order to demonstrate another aspect of multi-currency, this balance sheet was prepared as if the customer payment had not been received. It’s also based on recording a home currency adjustment as depicted above, where we changed the exchange rate to 1 Euro (€) = 1.75 US dollars. We’ll see that our customer receivable has been adjusted up by $250 because of the change to the exchange rate between the date we billed the customer and the date we entered the balance sheet. The upward adjustment matches gain reported as an Exchange Gain or Loss. Since our Exchange Gain or Loss account was an Other Expense account, the gain is shown as a negative expense. Once multi-currency tracking is enabled, balance sheet subaccounts will be created automatically for every currency with transactions.

Multi-currency tracking is one of the most powerful new features of QuickBooks 2009. Now it’s time to generate more foreign business!

We had set up Europe cost center as a class using manual usd input after manual convertion. Now we want to add euro currency to qb to cut down the manual process. What happen to the historical data of this cost center if we want to add mutilcurrency feature to this cost center? And what is the best way to do it without effecting the past closing fiscal year data ? Obrigado.

My organization is located in Korea so it uses KWR(Korean Won) as a ‘home currency’, and the branches in Africa use multiple currencies(e. g. Dollar and local currency) for even small payment. So we need to do ‘Home Currency Adjustment’ with at least two currencies for regular financial reporting.

Is it possible to apply multiple currencies(more than two) with home currency?

We bought 2014 Desktop version. When we do revaluation, it goes to exchange Gain or Loss account which is an income statement account. If I manually change to unrealized exchange Gain or loss account, do I need to reverse it next Month and revalue at month end again? How to use QB home currency revaluation feature to reconcile unrealized Exchange Gain or loss account on balance sheet?

I know how to use the Multi Currency already. I just need this question answered as below:

I have been using Premier 2007 in the Non-Profit version in Uganda. It does not have a Multiple Currency option. I just upgraded with Premier.

2011 Non-Profit from a version I was no longer using in the USA. I have already imported my company file into the new version and converted to 2011. I intend to use the multi-currency option.

When I turn on the option I fear it may convert the existing values of the previous version causing them to change. Although the previous version was default, I fear that it will read as dollars. After turning on the multiple currency option I cannot go back and reverse the option. When I choose the Schilling as the exchange rate will Quickbooks try to multiple the pre-existing values using the exchange rate for the dollar, thus multiplying the value by 2750, which is the exchange rate for the Ugandan Schilling?

I am working for a construction company in Afghanistan all our transactions are in Afghani while I am preparing report it gives the amounts in USD how I can Adjust the currency exchange rate for all those transaction that are being entered in to the system in the past ,

I have purchased quickbooks 2014 and I use Multi-currency. I have a list of organic Agric. products that I sell to different customers all over the world. My challenge is these customers have different currencies and each customer has a different buying price. I have tried to input a product list in the system but got defeated on setting the selling price for each product. (Remember customers use have different currencies i. e EURO & USD). we set our prices basing on the distance and how goods have to reach our customers, therefore prices differs. I would like to be helped on how to set different prices for the same product.

You quick response is highly appreciated.

I am very interested in the issue above!

To me, of course, the cost of item is at the average cost of home currency.

The sales price would be settle Edit Markup “Use default (Always ask about updating sales price)”; and manually enter the mark up % depended to which customer has specific sales price as necessary need.

Hope that the QuickBooks professional or experience people could give me more advices if my comment is wrong.

What you are trying to do was possible in previous versions of Quickbooks (pre 2010 or 2011 if I remember correctly) by enabling Price Levels in Sales & Customers preferences. You could apply a custom price level multiplier (e. g. I would base this multiplier on a custom currency exchange rate that I wished to use) and create a new custom “static” price list of all your Items for that particular price level. There was no limit on how many of these custom price levels you wished to create.

This method worked beautifully until the Quickbooks programmers broke this feature (in 2010-2011?) so that the static price level you so carefully controlled, now get the system’s Currency Exchange Rate involved in the calculation, so that your price list is now variable from day-to-day along with the normal Currency Exchange Rate daily fluctuations. There is no way to shut this off so that the user can remain in full control of his/her prices based on the user’s custom price level multiplier.

Since then, I disabled my Custom Price Levels, hoping that someday I dould speak with a Quickbooks programmer about this, and other, serious multi-currency issues (Case# 69519734, 535439160, 537230245, etc, …..Quickbooks has never followed through with fixing these programming errors).

Good luck trying to get a hold of anyone in Quickbooks Tech support who can think beyond their standard scripted responses. I have been a loyal Quickbooks customer with fully paid anual Premier Subscription Service since 2006, and am sad to say that I have finally given up to go search for an alternative software accounting package that doesn’t generate calculation errors.

We are in Tanzania, and I have 2006 version and have been happy. Tried to upgrade at one stage to 2010, but it did not support one thing that QB has to do. We have an electronic tax device (by law) connected to our QB invoice. We invoice in USD with base currency as TZS. On the invoice we have the TZS total and VAT, with labelling so that the the elec tax device can read the amounts and report automatically.

2010 did not allow me to add these fields as 2006 could.

My XP machine is slowly reaching its natural end (getting too slow) and we need to upgrade soon! Just bought my new win8 maYour advice on which version to move to would be great.

The answer to your question is going to be controlled by compatibility with your tax device. We only work with US versions of QB, so our comments are limited to that version. That said, versions of US QB from 2009 forward include multicurrency support. At this point, I think you should try QB 2014 and see if that works with your device. Even if you could buy an earlier version of QB (such as 2011 or 2012), you then might face issues because of compatibility with the latest version of Windows.

If your device isn’t compatible, I’d explore other devices or methods of capturing the required data. It would be very unfortunate if you were required by law to operate a device that isn’t compatible with current versions of popular software.

If all else fails, work backwards. Get a list of all the tax devices compatible with Windows 8 and find out the latest version of the accounting software they support. If they’re QB, great. If not, dig deeper and find which systems can import data from QB. Obviously, before switching to any new system, conduct tests to make sure your accounting information is accurate.

We are running QuickBooks Pro 2013. We have loans receivable from customers in a foreign currency. Whenever we run the “Home Currency Adjustment”, the general ledger gets updated with the correct revaluation of the loan balances. The problem however is that the A/R subledger is not adjusted, so both reports, which are expected to be in agreement, are not.

Como você conserta isso?

Which reports don’t balance? Your balance sheet is in your home currency. What report are you referring to when you say “A/R subledger”?

I am referring to the Accounts receivable aging report.

I am in Tanzania too, I do support QuickBooks UK version in Dar es Salaam.

Were you able to solve your problem regarding the Electronic Fiscal Devices (EFD)?

We have 3 companies, USA, UK & Índia. Can we create a file for each company with the corresponding home currency in $, UK Pounds & Indian Rupees? 3 sets of books, one for each country. Also, can this be done in US Quickbooks Premier? Obrigado.

Yes, it can be done. To the extent that you never (or at least infrequently) have to consolidate or are comfortable doing manual consolidations, this is the route to go. It’s even better if the companies are unrelated (even if they have the same owner) and you never have to do a financial statement consolidation.

Oi! How can we reflect customer deposits in FOREIGN CURRENCY received before the invoice is issued? (We use quickbooks Pro 2013)

QB online help suggests to create a current liability account “Customer Deposits” and an item other charge called “Customer deposit”. This doesn’t work in our case as this current liability account will be by default in local currency and we are receiving the deposits in foreign currency. If we create an “account payable” instead of “Current Liability” we can use foreign currency, but then QB doesn’t allow us to match this account with the item “customer deposit”. Pleaseeeeee help!

Desde já, obrigado.

You’ll need to use an A/P account in the foreign currency, and you may also need to set up a “wash” account, which can be a bank account so the currencies match. Customers making foreign currency deposits would need to be set up as both customers and vendors. When you receive the deposit, you would record a general journal entry to the foreign currency A/P account, where the customer’s vendor account name appears on that line of the general journal entry. The entry would be a credit to the A/P account and a debit to either a bank account or undeposited funds.

When you want to apply the credit, you would debit the foreign currency A/P account and credit your foreign currency A/R account. With a general journal entry made to either A/R or A/P, you must put either a customer or vendor name, respectively, on the same line as the A/R or A/P account. For that to appear in a center such as customer center, the entry usually needs to be the 1st line. That’s where the wash account comes in. You would create 1 GJE with a debit to foreign currency A/P and a credit to your wash account. You would create a 2nd GJE with a credit to foreign currency A/R and a debit to your wash account, which would cause your wash account to be 0.

If you can’t apply the 2nd GJE to the invoice to pay it, you’ll need to replace that step by creating a credit memo. You’d create an item which would point to your wash account (that’s where the debit would end up), and you would record a credit memo to move the deposit to be used against an invoice. Then, as the final step you’d apply the credit memo to the invoice.

A better variation on this approach would be to think of deposits as “contra A/R” instead of a liability. In effect, an A/R account that has a credit balance is a liability. That would avoid cluttering your vendor list. With this approach, you create a item that puts the debit into either a bank account or undeposited funds. Then, when you receive a deposit, simply create a credit memo for the deposit and apply it when you create the invoice.

The first approach has the benefit that deposits appear as a liability on the balance sheet (since they’re in the A/P section), which some prefer. With the second approach, deposits appear as a reduction in an asset (your A/R). Unless that distinction is important to you, I think the extra work of the first method is not worth it.

We have created two accounts for a customer named as A USD a/c. and A EURO a/c.

Now want to adjust an advance payment received in USD against A EURO a/c.. But QB (online essentials version) showed an error “The currencies of your account and customer/supplier must be same”. Please let me know how to fix it.

You can’t do that. You can only enter transactions for A EURO a/c in the currency used to set up that customer, which presumably is the Euro. If you received an advance payment from that customer in USD, you need to enter it using A USD a/c.

Hi, we are using QuickBooks Enterprise solutions 10.0 with multi-currency option. I wanted to open a new quick books with the present ledger’s (Vendor) currency. How it can be done? When I done the currency was showing in the home currency not the foreign currency.

Olá & # 8211; We are running QuickBooks Enterprise v12 in the US. We are opening a subsidiary in Canada. The Canadian Sub will need to operate in CAN$. Can you provide guidance on how we should approach the set up of the Sub and consolidated financial reports? Obrigado!

Consolidated financial reporting for a multicurrency firm is always complicated, so you should check with your CPA for specific guidance, but here are a few options to consider.

Option #1: The US parent uses its own QB company file where the USD is the home currency, and the Canadian subsidiary uses a separate company file where the CAD is the home currency. This option makes record keeping in the Canadian subsidiary simple, but requires that consolidations be done manually or using an extra-cost 3rd party tool such as Qvinci.

Option #2: Accounting for the US parent is the same as Option #1, but the Canadian subsidiary uses the USD for its home currency but conducts most business in CAD. This makes consolidations between the parent and the subsidiary much simpler, because both use USD, but day-to-day accounting for the Canadian subsidiary becomes more complicated.

Since consolidations are done infrequently and the impact on day-to-day accounting efficiency is very regular, Option #2 can be dismissed in most circumstances. Since QB ES can’t do multicurrency consolidations out of the box, you’ll have to be prepared for manual work when you need to prepare consolidations or explore 3rd party tools to make consolidation simpler. As always, you want to pay close attention to intra-company transactions, especially across currencies, because these are likely sources of consolidation trouble spots. If there are very few intra-company transactions (and preferably none), and if the end of period assets of the Canadian subsidiary are small, then the manual consolidation work of Option #1 won’t be too burdensome.

Thank you very much for your thoughts and insight. I appreciate that you took the time to answer and to provide a couple of options.

Just a point that might be interesting for some viewers. The transfermate website offers a free alternative to using your bank. It offers better exchange rates, lower fees. You can also view live and historic exchange rate graphs and tables.

no harm in mentioning as I’m sure there are a lot of people not happy with the way their bank handles their international payments.

Likewise, there’s no harm in mentioning that you are affiliated with transfermate so one has to take that into consideration when evaluating your recommendation.

I need help for my Quickbooks 2006.

Question : I cannot change the currency into PHP it has been disabled. even if I’m using Single user.

Please help me to answer my problem.

It sounds like you are using a non-US version of QB, so we’re not going to be able to help. Multicurrency features have only been in QB since 2009, and at this point, only QB 2010 and beyond is supported.

Ariel, I think you have entered transactions in that account for which you like to change the currency. Now if you want to change the currency to PHP first you will have to delete all the transactions in that account & then re-enter all those transactions back again.

I use QB Enterprise and my company activities are in multicurrencies(USD, NGR) My home currency is USD How do i keep ledgers for my P& L items in foreign currency (NGR)

How do i keep account for the sales taxes(VAT &WHT ) in foreign currencies.

P & amp; L’s in QB are in your home currency, which in your case would be USD. Sales tax items are calculated as a % and are not associated with a currency. When you invoice a customer, your line items are in the currency for that customer. Therefore, if you have a customer set up in NGR, all transactions, including sales tax, will be in that currency.

I am thinking of going online with the QuickBooks Online version. Are there any significant differences from the desktop versions which I am familiar with. I am particularily interested in the multicurrency functionalilty.

Your comments and thoughts would be most welcome.

Multi-currency functionality has come more recently to the online version than the desktop one. Desktop software has had multi-currency since QB 2009 (announced in fall 2008), but the online version only got this feature in feature improvements rolled out in 2012. Generally speaking, the desktop version has been more feature rich than the online version and new features arrive sooner in the desktop world. Therefore, if you anticipate that you’ll be a demanding multi-currency user, the desktop product might be a better fit. If multi-currency is a small part of your business, the online edition will likely be fine. If you have a specific need or feature, it’s easier to comment on the existence or the functionality of it in the different products.

We just installed Quickbooks Pro 2010. Our Windows operating system is Chinese system, in the company setup in QB, we cannot choose multi currency. Is that because the Chinese Windows system doesn’t support Quickbooks?

We can’t say for sure, since we only use US QB versions on US versions of Windows. QB 2010 is still supported by Intuit until May of this year, so you can check with Intuit directly.

I am just starting to use QuickBooks enterprise for a regional office in the Phillipines. My default currency is US$. Do I have to enter the budget in the foreign currency (PHP)? Or can I enter the budget into US$ – Would QuickBooks then try to convert the US$ into US$?

Budgeting is done in your home currency, USD. That’s true even if you opt to budget for a name that uses a foreign currency, such as a customer assigned a foreign currency. That may seem strange, but the budgeting tool in QB hasn’t received the multicurrency polish of other aspects of the program.

We recently started using qb 2013. We invoice in two currencies usd and local currency which is kenya shilling. The problem I have is that qb asks you to enter an exchange rate when the customer pays you which is usually by cheque. The cheque itself takes 3 days to clear so I wont have an exact exchange rate at that time. Also when the money in usd is credited to my bank account I may take up to two weeks before i change the usd to kenya shillings and by that time the exchange rate would be different. So how will i go around this?

If the exchange rate on the customer payment is not the one on the date of deposit but rather the date the check clears the bank, you’ll need to edit the payment with the updated exchange rate once you learn that information.

Transferring funds from 1 bank account to another will be a separate transaction that will have it’s own exchange rate. See Banking->Transfer Funds. You’ll always have to enter 2 exchange rates (and later edit 1 of them, the one for the customer payment), but if you can’t lock in an exchange rate when you close a transaction, that’s typical for multicurrency transactions.

Hello Chief Mechanic,

I need help regarding entering opening balances in different currencies.

Currently I am using the Quick Books Pro 2012 UK version. I am dealing with different currencies such as EURO’s US $ other than GBP.

However when I create a new customer whom I deal in a foreign currency I am unable to enter the opening balance on that currency.

So could you please tell me another method to do this?

Desde já, obrigado.

All of our articles are based on the US version of QB. We don’t work with the UK version. But accounting concepts are the same the world over, so let’s consider your question generally. For an existing business that has been using QB (or any accounting software) for some time, new customers should be created with a zero balance. Customers generate balances through economic activity, and if they have a balance, that means something wasn’t recorded in your accounting system. For existing businesses using QB, you record your new customer balances by recording transactions, such as an invoice. If you are switching to QB from another system and you need to set up your customer balances, one common technique is to record those balances using general journal entries, where you debit A/R and credit an equity account. Some prefer to set up a QB item that points to an equity account and record the opening balance using an invoice for that item. Both methods work. But again, this is for firms that are switching to QB, not established businesses that have been using QB. If that’s your situation, you should record your economic activity using transactions such as invoices.

My company home currency is PKR. but our invoices are in SAR, US Dollars, Euros etc. We have two bank accounts of our company in Pakistan. One in PKR & other in Dollars. We received our invoices amount mostly in our US Dollar Bank A/c. For Example, Our Invoice amount is 50000 SAR. Out of 50000 SAR we receive 28000 SAR in Cash and remaining 22000 SAR equivalent amount in Dollar Bank A/c. What is the accounting entry then.

If I understand your question correctly, your customer that you invoiced in SAR pays a single invoice in both SAR and USD. That makes more accounting work for you, because a customer is assigned a single currency. There are different ways to do this, but I recommend setting up a clearing bank account in the currency of your invoice. Then, I’d record the 50000 SAR payment, but deposit it to your clearing bank account, not one of your 2 actual bank accounts. With the funds in your clearing bank account, I’d record a transfer of 28000 SAR to your actual SAR bank account and a transfer of 22000 SAR equivalent in USD to your actual USD bank account. Your clearing bank account after each transaction should have a zero balance. With this method, both actual accounts end up with the correct amounts and only reflect the actual transactions, so your bank reconciliations should be straightforward.

Hello i have a problem i am in Colombia and i buy products from the US and i have all my us suppliers on the vendor section as USD currency so when i buy anything i enter the cost in US and QB automatically converts to home currency using the rate i give them on the bottom of the bill. But i do have some stores and i treat them as my regular customers and when i bill them i want to charge just the cost of each item (whatever it cost me when i bought) and i created a price level called cost so when i chooes this price level it bills my stores (customer) in USD and not COP as it supposed. Lets say a LCD plasma costs me 1000USD and exchange rate when i recieved that item was 100 COP then cost in COP should be 100.000 and when i biill customers marked with te cost price level it should show 100.000 COP but it shows 1000 in the price instead the original cost in USD and i want the price to charged in the equivalent COP ammount, what can i do to fix this issue? can u help me please. Obrigado!

Said, we’ll try to help. First, double check that you have applied your “cost” price level to each customer to which you want that price level to apply. Edit the customer and look on the Additional Info tab of the customer information. Your custom costs in COP won’t apply unless the customer is assigned the “cost” price level. Second, QB will invoice in COP, but it won’t be invoicing your actual cost . Instead, it will be invoicing based on the custom price level. Therefore, if your cost for an LCD changes, your customer will never see that changed cost unless you manually update the price level. Instead, your customer will see something closer to what accountants call a standard cost, and that is what your price level will represent. If you want to invoice your customers for your actual costs, search on our site for the term “reimbursable expenses” (without the quotes). Those articles will give you options for invoicing your customers your actual costs. QB will convert your actual USD costs to COP. You may find it adds a few steps to your invoicing process, which may or may not be worth it if your actual costs don’t vary much.

Espero que ajude.

I’m trying to enter customer payment in foreign currency, but customer invoice is in home currency. Can I do this in QuickBooks Pro 2012? or how can I enter this transaction?

No, unfortunately you can’t. In QB using multi-currency, a customer is assigned a single currency and all transactions for that customer have to be in that currency. Generally speaking, it’s a good business practice to get customers to pay in the same currency that was used on the invoice. In this instance, you could create a second customer account in the foreign currency and generate an invoice on the same date as the original invoice in your home currency. The amount would be whatever amount of the foreign currency on the original invoice date that it takes to equal the amount of your home currency, even if that is more or less than the amount paid. Then, you’d enter a credit memo on the original invoice date in the original customer account for the amount of the original invoice. That would have the effect of reversing the original invoice and putting the A/R balance in the new customer account that uses the foreign currency.

Next, you’d record your customer’s payment in the foreign currency. If it’s different from the invoice amount, you should write off that balance as an exchange gain/loss. In essence, that gain/loss is the foreign exchange gain/loss you produced by invoicing in your home currency but allowing the customer to pay in a different currency.

Espero que ajude.

Chief Mechanic, can you please help me with my query.

I am posting home currency adjustment at year end, e. g. Dr Creditor Cr Exchange Gain.

Every week I generate the ‘unpaid bills report’, and I have noticed that the home currency adjustments are being included in the report, showing balance in home currency amount and zero as foreing amount, as for the system such entry was not paid/settled. In fact when I open ‘Pay Bills’ the entry is there with zero foreign balance, however system does not allow me to tick that particular entry.

Is there a way how I can set off such entries so that they are shown as cleared both in the ‘Pay Bills’ and ‘Unpaid Bills report’?

Kristian – I’ll need more information to clarify what you’re seeing. What version and release of QB are you running? You say you are posting home currency adjustments at year end, but they are showing up on the weekly Unpaid Bills report. By default, the Unpaid Bills report shows foreign balances in the home currency based on the transaction date when the transaction was recorded. Because the report is using exchange rates as of the transaction date, home currency adjustments don’t impact that report.

You can modify your Unpaid Bills report to show the exchange rate and the foreign open balance by clicking on the Customize Report… button, visiting the Display tab, and checking off these columns in the list. They’re near the end of the list. With that data displaying on your report, you should be able to verify that the exchange rate on the report is the same as that used to record the transaction. Moreover, if the bill has an unpaid foreign balance, that should appear in the “Foreign Open Balance” coluna.

Home currency adjustments don’t affect foreign balances, so the fact that you entered a home currency adjustment should not impact your ability to pay a vendor.

I’ve used that functionality in many versions of QB and just re-tested it in QB 2012, and I haven’t seen the results you’re reporting. Can you confirm you’re working with the Unpaid Bills report?

Obrigado pela sua resposta. The version of QB I am using is Pro 2006.

To make my query easier to understand let me give you an example, as it is difficult to explain my query by way of words.

Por exemplo. At year end I post a home currency adjustment of Euro 1,000 against Sonic (USD Creditor). Every week I run the Unpaid bills report as to be able to pay creditors, and the home currency entry is being shown in such list, even though entry has 0 USD. System is considering that entry as still open, whereas in reality that is just an exchange difference, and hence system should not include that entry in the report. Home currency adjustment is not affecting my foreign balance and neither ability to pay creditor, however I want that such entry is excluded from my report.

Hope above explanation makes more sense.

Yes, that helps. A couple of things:

You say you are using QB Pro 2006. I’m guessing it is not a US version of QB, since multicurrency didn’t come to US QB until 2009. Our comments are limited to US versions of QB, since that’s what we work with regularly. We can still try to help, but you’ll have to realize our comments are only based on our experience with US versions of QB. In US QB, home currency adjustments never show up on the Unpaid Bills report. In fact, they don’t show up in Vendor Center. Home currency adjustments are general journal entries, and they carry a checkbox that a user can’t modify that marks the GJE as a home currency adjustment. That allows QB to handle home currency adjustments differently compared to a typical GJE. Does your version of QB indicate that a GJE is a home currency adjustment in the journal entry screen? If not, that’s likely to be a big change between US versions of QB and yours. In US QB, you can apply a filter to the report to change the transaction types that are included. However, home currency adjustments are not a transaction type unto themselves, so IF they appeared (which they don’t), one could exclude them by excluding journal entries. However, this would exclude other journal entries that you may want to appear. Since your version of QB doesn’t function the way US QB does, you may want to explore whether home currency adjustments are their own transaction type that you can exclude from the report. You’d set a filter of multiple transaction types, and check off every type except home currency adjustment. You’re running a very old version of QB. Intuit has learned a lot about multi-currency support over the years, so it’s likely that there have been many improvements here. You might want to see if you can compare how this works in the latest version. This may be one of the things that has changed, since US QB doesn’t work that way.

Thanks for your help Chief Mechanic. I appreciate your help especially as I did not notice that site only dealt with US version.

I will try to modify the report.

Happy to try to help. Let us know how it goes.

I start to use multi-currency feature but I do not know how to post DUE TO amount to Quickbooks, which company transferred fund to other partner company.

Can you be a little more detailed in what you are trying to do? What transaction are you trying to enter? Where are you being prompted for DUE TO information? Are the currencies on both sides of the transaction the same? Are they the same as your home currency or different?

I have imported invoice data ifrom an excell file nto a US$ customer account; My home currency is Ja$; But the invoice created shows the amount as Ja$ and not US$.

I was expecting the invoice to show multiple currencies, that is the transaction amount in US$ and the home currency in Ja$. How can I fix this.

Terry – QB has limited transaction import capability, especially when it comes to multiple currencies. We have specialized tools to do transaction imports you described. Without such tools, you can’t accomplish what you want using off-the-shelf QB. If you’d like us to assist you as a paid service, just use our contact form. It will help if you made a backup BEFORE you imported anything, because otherwise those transactions will have to be manually deleted.

I am looking at using QB to deal with issues that MYOB seems to have no understanding of.

QB seems to have all the fundamentals that I would expect but to recommend to a client I need to understand whether QB can import fx transactions e. g. USD customer/vendor/bank transactions for a AUD local currency. The basic imports transactions types listed in the help do not seem to cover fx.

The implementation will require posting 1-2 years of history (that MYOB has made a mess of) so it isn’t really possible to do manually.

Dean – Your question is more fundamental than foreign exchange. It really deals with transaction import in QB. QB on its own does not do transaction import. We have tools that enable us to import transactions, and those tools do support foreign exchange. However, bulk importing foreign exchange transactions can lead to problems. You’d need the exchange rate used on each transaction, and that is often not recorded. If it was not recorded, converting foreign balances to another currency won’t be accurate, so you’d need to make adjustments on whatever frequency you need to preserve the accuracy of your financial statements. If you’d like to hire us to do the import, just drop us an email.

Oi. We just converted to QB. We are in Malaysia but most of our vendors trade in USD and our customers in our local currency. I keyed in all our inventories with cost (in USD as our vendor is already tag to USD) and sale price (in local currency). When I look at “Chart of Accounts”, I see “Inventory Asset” with the correct figure but it is in our local currency. Can I know is there a way for me to key in the exchange rate so I can have the right amount? If I were to update the cost price to our local currency manually now, will it pose any problem when we make a new order (in USD)? Obrigado.

Inventory is maintained in your home currency. You’d normally record the exchange rate for transactions on forms. Inventory receipts typically come from vendor bills, and inventory deductions come from customer invoices or sales receipts. Outside of recording an exchange rate on a form, QB does have an ability for you to enter exchange rates, but those rates will only apply to the transactions on the relevant dates.

When you make a new transaction in USD (either vendor receipt or customer sale), you’ll want to record the correct exchange rate. That’s how your home currency books will stay accurate.

We are using US$ and Euro bank accounts to make wire transfer payments to vendors. How do I record the Euro wire transfer fee if the home currency we are using is US$? I’ve set-up a Wire Transfer Fee expense account in the Chart of Accounts, but expense accounts are only in the home currency.

Create a vendor for the bank/institution that charges you for wire fee and specify the appropriate currency. Enter a bill for that vendor using your foreign currency (ie, not your home currency). When you do that, you can enter line items in the foreign currency even though the expense account is in USD. QB will convert the foreign balance to USD using the exchange rate on the transaction.

We run an operation in Venezuela and keep our books in their local currency. We need a tool to convert them to US$ at the transactional level (i. e. not just the ending balances). Do you think that QB may offer help? Just to be clear, we are not intending to implement QB full-blown as there are many nuances to Venezuela that are better dealt with by the local package. However we think that the multicurrency capabilites may help us to get our financials to US$.

To expand further, what we have in mind is to download all the transactions from the local package and uploading them into a system (e. g. QB). With this, QB would convert to US$ using the appropriate e/r.

Please let us know if you think QB is worth looking into.

My quick impression is that QB would not be the best tool for this. I think you’d be better to export your transactions to Excel and do conversions with that program. Check out our article on online sources of exchange rates. Someone with medium to advanced skills in Excel could use lookup functions to grab the appropriate exchange rate that you download into an Excel worksheet from an online data source. Keep in mind those online rates won’t match your actual rates, so another approach is to use the actual spot rates your firm used on each transaction. Either way, Excel will be a more powerful and flexible tool.

Want when prints my invoices should show currency xchange rate and total. how can this be done?

Edwin – Exchange rates don’t really apply to an invoice, since a customer is set up to use a currency and the invoice is generated in that currency. As for controlling what is printed on an invoice, take a look at the Lists->Templates menu choice, and edit the form you want to change. It’s a good idea to make a copy of the form before making any changes, and to start by making your changes to the copy to see if you’re satisfied. Espero que ajude.

can you help me with multicurrency. It doesnt work. I have to use my home currency and I cant store acutal purchase price in currency other than home. this makes a mess and I spent a lot of time of the phone when I first installed Pro over a year ago. tech ended up telling me I;m out of luck and maybe intuit will fix it some day.

Ben, we can try to help. You’ll have to clarify what you mean by “it doesn’t work”. It may not do what you want, but the functionality does work. Can you supply more details on what you’re trying to do? You might find it easier to pose new questions in our forum.

I cannot do something simple like send a PO to my vendor with the correct Euro price. I have to enter the Euro price everytime. QBs only works with the home currency and the daily exchange rate is never correct. even the spot rate from the download is not the rate I pay.

if you know someone who can fix this I am willing to pay for the answer.

this costs me a lot of time.

Ben, can you clarify what you want to fix? Keep in mind that no accounting system can get around having you record the actual rate that applies to a financial transaction. Downloaded rates will always be a reasonable estimate which you’d only use if you didn’t have actual exchange rates. As for sending PO’s with the correct price in EUR (presumably a foreign currency to your firm), the problem is that QB does not support multiple currencies for items. QB’s approach to items and COGS is to only account for those in the home currency. As a result, you have to get the exchange rate on your PO right, and that’s probably where the work is coming in. Since the PO needs to have accurate USD amounts, you can’t simply change the USD values to EUR values for an item (or create a second item with EUR values). About the closest you can come is to put the EUR pricing in the description.

While you may not like Intuit’s approach of accounting for items in the home currency, the alternatives aren’t clearly better or less work. The only way it might be less work is to set up a EUR subsidiary (even if it is just virtual in that it only exists as a QB company file), and handle the accounting in EUR. Your home currency would be EUR, so your PO’s, bills, and invoices would be in EUR. That can work if you are buying products in EUR and selling those same products to customers in EUR. However, if products are crossing currencies, the QB approach is probably the least amount of work.

Espero que ajude.

Based in Ghana, using USD, Euro, and Ghana cedis. Can I purchase pro for these great multi-currency functions or do I have to go with Premier?

Tim, yes QB Pro supports multicurrency. You can check out our article on the feature differences between QuickBooks Pro and Premier. You also may want to note that QB 2012 will be shipping on September 26th. As soon as it is available, you can download it directly from Intuit by following the links on our Buy QuickBooks page. It may take us a few days to update the graphics on our site, but if you click through you’ll get a discount and be taken to Intuit’s page, where you’ll see what version you’re getting. If you need it sooner, we can check Intuit’s policy on upgrades when a purchase is made close to a new version.

Tim, I forgot to mention that both the Euro (EUR) and the Ghanaian Cedi (CHC) are supported currencies in QB’s currency list.

GHC is Ghana’s old currency. The current currency GHS cannot be set as the home currency in QuickBooks Pro 2012 R5.

Thanks for the feedback, Kwabena. Have you passed that along to Intuit?

As for another question, our company issue shares, and our home currency is Canadian dollar. Some shareholder pay US dollar to purchase our shares. So if I receive cheque for US$10,000, I deposit it to our US bank account, then I will do the general journal as debit US bank account for CDN$ 9262 (exchange rate at 0.9262), and credit for share capital CDN$9262. At month end, I will do the home currency adjustment for the bank balance use the month end date exchange rate, the difference with the QB balance will go to exchange gain/loss, is that right? Or is there any correct way to record this transaction?

Your approach is fine, but as long as you hold share capital in a currency other than your home currency, you’ll continue to have exchange gains or losses. Imagine a company with no financial activity, a home currency of the Canadian dollar, and a bank account in US dollars. Even with no financial activity, that company will have exchange gains or losses as exchange rates fluctuate. If the company transferred the funds from the sale of shares to the home currency on the date of the share sale, exchange gains or losses would be virtually eliminated.

Our former accountant use “Enter Bills” to record an account payable, but sometimes she use “write cheques” to pay that bills, sometime she use general journal to pay the bill. That result when I use “pay bills” to make payment, there are some bills shown as unpaid, but actually they are already been paid. How can I remove these “unpaid” bills from the “pay bills” Lista.

First, it’s bad practice to use Write Checks to pay a bill once it has been entered. The simplest and easiest way to pay a bill is to use the Pay Bills function. While not the simplest method, you can use a general journal entry to pay a bill provided the A/P account is on the first line of the general journal entry, and the vendor appears in the Name column.

For the situation where Write Checks has been used to pay a bill, you can either void or delete the bill. As a general rule, voiding should be used over deleting. Before doing either, you should make sure that the accounts in the lower half of the Write Checks window match those in the Enter Bills window, or, if they’re different, that you approve of the change. When you void the bill, you can record a memo that the expense was accounted for by a check, and supply the check #. That will help track the change in the future.

Eliminating residual vendor balances when using multi currency?

I’m running a USD home currency with FC vendors. The change in rates between invoice entry and payment results in residual USD vendor balances after bills are paid. Home currency adjustment isn’t eliminating them.

Has anyone dealt with this? Can you tell me if I’m missing a step or if you’ve come across a technique to solve this?

I assume by “FC vendors” you mean foreign currency vendors. If you have a foreign currency vendor that you owe 100 units of a foreign currency and pay the vendor bill for 100 units in that foreign currency, the vendor’s balance should be 0 in that currency. That’s the way US QB works. I’ve seen instances in older versions of Canadian QB that exhibited the problem you’re describing. Are you using US QB? If so, what’s your program and year?

As for another question, what is the actual source of the exchange rate data used by Quickbooks/Intuit?

Yes, there is a market, but there are many market data providers. Needed for audit…

Appreciate any insight.

Rob, see our article on the exchange rate source. The notion of “needed for audit” comes up a lot, but it really shouldn’t be needed. The exchange rates downloaded in QB were not intended to be more than a guide; the actual rates applicable to a transaction should always be used.

I am using Quickbooks Enterprise 11., I record every transactions in local currency ( Birr) but every month I need to send reports to USA in USD. Do u think Quickbooks can do this, please help me..

No, I don’t think it can, unless you make a pretty big change. It sounds like your local currency is your home currency. That’s the currency for your financial reports. If you make USD your home currency, you can send financial reports in USD easily, but that’s a pretty big change. If you did that, you would have to revise the entry of most transactions in the past, and record future transactions in USD – something that may not be appropriate for your business.

We use QuickBooks Pro 2009 and have this problem with multi-currency and exchange rates.

We purchase most of our inventory in China, payments are made in advance,, items may.

be received in more than one shipment, therefore more than one bill.

1. We create a BILL CREDIT for the prepayment on January 1st.

2. We receive part of our order and bill February 1st. and pay the bill from above CREDIT.

3 We then receive the rest of our order and bill March 1st. and pay bill from CREDIT.

Now if the EXCHANGE RATE is different on the BILL RECEIPTS from that of the BILL CREDIT ( which is normal ) the amounts of these transactions in the GENERAL LEDGER is incorrect, however, the amounts.

in Accounts Payables IS correct. Of course we end up at the end of the year out of balance.

Another thing to add here is that we have many BILL CREDITS and many BILLS for this vendor, some BILLS will be paid using more than one BILL CREDIT.

Is there any way around this apart from ensuring that every BILL CREDIT and every BILL for this vendor has the same EXCHANGE RATE.

I welcome any suggestions, thank Peter.

I think you have a mis-understanding of how exchange rates apply to your circumstances. Let’s say you make an advance payment at a given exchange rate on January 1st (your example), and you receive shipments on February 1st and March 1st. Your vendor should be set up to use Chinese Yuan (CNY) and your payment to that vendor should match the vendor bills submitted by that vendor in Chinese currency. So there should be no “out of balance” situation in Chinese Yuan (CNY), unless the vendor billed you for a different amount than you paid.

The difference in the exchange rates (on January 1, February 1, and March 1) may create either an exchange gain or loss, but that shouldn’t create a situation where your GL is incorrect, because QB takes care of exchange gains/losses.

You don’t want to set every bill and bill payment to the same exchange rate, because that would contradict reality. You want to use the exchange rates in effect on the date you made the transaction to acquire the foreign currency or goods.

As for using bill credits to record the payments, you can also use general journal entries provided that the entry to A/P is the first line of the GJE. When you pay a bill with multiple GJE’s, you would simply pay as many bills in full as you could. That would leave a remainder on the GJE, which would be used to pay other bills, until that GJE was “used up.”

Espero que ajude.

QuickBooks Pro 2012.

We purchase most of our inventory in China, payments are made in advance,, items may.

be received in more than one shipment, therefore more than one bill.

1. We create a CREDIT for the prepayment on January 1st , exchange rate USD1 = CNY 6. 1.

2. We receive bill on February 1st. and pay the bill from above CREDIT, exchange rate USD1 = CNY 6. 2.

Then , I find the exchange gain between 6.1 &6.2 would back to prepayment transaction , but , on Feb 1st , Jan book has been closed , it should not change the entry of Jan . could you advise how to solve this problem ? Muito obrigado.

Every now and then a client of ours messes up their bank transfers. We invoice them in USD from our Hong Kong company, and they pay us in HKD instead of USD.

How do we clear out the original accounts receivable in USD with a payment recorded in HKD? We end up having to create a whole new “customer” just to record the payment in the new currency. And we are never able to reconcile the two so we can provide the customer with a correct Statement. The HKD ‘customer’ always has a credit, and the USD ‘customer’ always has an unpaid balance.

First, to avoid creating new customer accounts, simply record the payment in the account of your USD customer, even though it was paid in HKD. To do that, if your customer pays a USD invoice in a currency other than USD, calculate the USD equivalent by dividing the foreign amount of the payment by the exchange rate . Record that USD equivalent as the amount paid – not the actual foreign amount. Add a memo describing the conversion. From the customer’s point of view, the customer records the foreign amount, so the memo is the way to connect the transactions. Your USD customer’s statement will be accurate in that currency, even though all payments were not made in USD.

Second, if you’re using the Undeposited Funds account, QB will put the USD equivalent of a payment from a foreign balance customer in the Undeposited Funds account. Once a USD balance is in your Undeposited Funds account, you can convert this into a Deposit in a Bank account in any currency simply by choosing the exchange rate and the foreign balance Bank account on the Banking->Make Deposits menu selection. That way, your HKD can be deposited into a HKD denominated bank account.

That fixes the present and future. Depending on the volume of transactions, I generally think it’s better to fix the past by recording those transactions properly. If the volume is such that that isn’t possible, you could create a clearing account, with a general journal entry to 1 in HKD offset by an equal general journal entry to another in USD. You’d then clean up A/R to apply the open credits.

Of course, the clearing account example assumes that the USD amounts are the same. They may not be. For example, a USD customer that paid a $100 invoice with 100 EUR is going to have a credit balance, and it will be a business decision how to address that.

I have used the multiple currency feature for months, and I must say that it was not designed for my situation and simply does not work for me. Here’s the problem:

I travel 4-6 months a year in foreign countries and have expenses in many currencies. These are charged on my US credit card, and when they clear, they come in as USD at an arbitrary exchange rate with an added fee. The unrealized gain and loss feature holds not the slightest bit of interest for me. When I record the transaction, I record it in the foreign currency and get a rough approximation of how much I spent using the current exchange rate. But when the transaction clears, the USD on the credit card statement is IN FACT what the transaction cost, and it is that amount that I intend to bill to clients and make a permanent part of my books. So let’s see how this plays out in QuickBooks.

1. Entering the transaction. I can’t just use a credit card line to enter the transaction – the system slaps my hand every time I try, because I never remember to open the edit credit card transaction screen.

2. Here is the reconciliation process when the charge clears, FOR EACH CHARGE:

Click on company, drop down to manage currency, drop down to currency calculator. click on calculate, drop down to exchange rate. Look up and hand enter both original currency amount and US currency amount. click calculate. click copy. Find the transaction and click on edit credit card charge. Paste in exchange rate box, then click somewhere else so it calculates. We’re somewhere between 15 and 20 clicks plus duplicate entry of two numbers for EVERY SINGLE EXPENSE I HAD FOR MONTHS. Then there’s the fact that at random times QuickBooks wants to change the exchange rate for the day to what I entered, and if I say yes, it messes up other transactions for the same day that have to be RECALCULATED!!

How dumb is this? I feel so trapped with QuickBooks because I have a decade of company books on it, but to make me do this for every hotel bill and dinner for months on end is simply crazy. It is certainly clear that the designers of this feature never thought about credit card transactions in foreign currencies.

We have the same issue. I just wait until the credit card bill comes in and then enter the charges in the USD amount. If you are paying in USD the foreign currency is irrelevant. Of course I check all of our reciepts against the bills to make sure the foreign amount charged equals the reiceipt amount. I enter all USD and pay the bill in USD. Credit card exchange rates suck so they are unrealistic anyway. You would need to enter the foreign currency for each charge only if you are paying the bill in that currency. In that case enter the currency that you are billed in for each charge.

hope that helps,

Muito informativo. Obrigado. I need to know as well if I can print checks in foreign currencies. I have accounts in GBP so I can send checks to people as honoraria and I am looking to open accts in other countries. I have to use a UK version of QB on a whole different computer so I can do this. As you can imagine, it is a pain. Obrigado por qualquer ajuda sobre isso.

Lester, you can print checks in other currencies, so long as you follow a few guidelines, which we’ve outlined in our KnowledgeBase article: Can QuickBooks Print Checks In Currencies Other Than the US Dollar?

With multicurrency support in the US QB, more and more businesses that previously used foreign QB versions for just this type of thing are “coming home” to the US version. Having 1 software product to learn and manage makes things much easier.

Hi, I am just wondering if you’ll be able to help me with the multicurrency query. I have started to work for an american company which dediced to move to Ireland, registered as a new company and handed over all books over here. I have extracted some old data from previous company and created new company file, started from scratch and set up home currency as Euro. However company is still doing all the business and receiving orders and selling only in USD, to set up new customer accounts, I was wondering, should I set up currency in USD and would be able to track all figures in Euro for P&L and Balance Sheet later on. I am not quite sure how this multicurrency feature works. Thank you for any advice.

Do any of you guys know where/what is the download link for the QuickBooks software?

Obrigado pela resposta.

Getting confused with multicurrency! I understood the Home Currency Adjustment for ‘Unrealised gains/losses’ on funds held in foreign currencies. Not clear on what exactly Quickbooks consiers Realised gains though.

For example suppose my native currency is USD. I transfer USD100 to an EUR account amounting to EUR80 (Rate 1.25) and later transfer back the entire EUR80 to the USD account but this time get USD110 for it (Rate 1.375). Assuming there are no other transactions, Quickbooks doesnt report the $10 earned here due to favorable exchange rate as a ‘Realised’ gain? It only shows home currency adjustments as realised gains?

I am in a situation where two different currencies are used concurrently. That is, I need to keep US$ based transactions in US$ and FC based transactions in FC. I would like to produce a consolidated report in US$ at then end of the period with exchange gains/loss measures. Would it be relatively easy to keep two sets of accounts separate?

Thanks Chief Mechanic. Good articles those too.

I think I wasnt clear in my question. This article and the links to the 2 articles you gave explain about a transaction involving the home currency and a foreign currency. I was asking about the case of a transaction between two foreign currencies (not as rare as one might think!).

So if my home currency is USD and the transaction I am undertaking is between a GBP account and a EUR account, how does this impact the PL and BS?

The logic is the same as that outlined in those links, but the transactions become more complicated because QB only allows 1 foreign (relative to the home) currency per transaction . In your example, GBP & EUR are both foreign currencies if USD’s are the home currency. So, to transfer GBP to EUR you’d have to pass them through a dollar-denominated account (you could create a wash bank account for this purpose to avoid the transactions hitting your real bank account). In the end if EUR were worth less than what was put in, you’d face a loss. Keep in mind that QB only knows the exchange rate if you tell it the current rate. QB won’t know you’ve incurred a forex loss unless there is a new exchange rate on file in QB.

Thanks for that, also noticed the Balance Sheet 1750 EUR was explained, cool.

I have another (rather advanced) query… if we have bank accounts in more than 2 currencies how do cross-transactions work?

Like if my home currency is USD and I have also have accounts (say bank accounts to receive local payments in) in GBP and EUR, for every transfer between USD and the others its handled by the above automatically.

But how about if I make a funds transfer between the GBP and EUR account? I asked a friend and he says any such transfers can be ignored as reporting is done in the native currency only. But if I transfer 1000 GBP into 1500 EUR and then transfer 1500 EUR back to the GBP account and get back only GBP 900, should this be accounted in some way?

More good questions. FYI, we’re building our QuickBooks KnowledgeBase. Both of your questions are addressed directly there. On transferring funds between bank accounts in different currencies, check out this article. For how gains/losses are accounted for, check out this one.

Your friend is right only in so far as reporting is done in a home currency. However, he’s incorrect in that gains and losses still need to be accounted for. That’s what the Home Currency Adjustment function does. In the 2 links above, the GBP balance is upped by the amount of the gain, so you can re-patriate in USD the original deposit + the exchange-related gain or loss.

Great tutorial (especially the pictures help).. thanks.

I am a newbie, just a bit confused about some issues with multi-currency. Firstly in the above example, (assuming your home currency is USD) you invoiced the customer 1000 EUR = 1500 USD and received only 1250 USD. Isnt this a forex loss? Looks like it showed up as a gain (negative expense) on the Profit & Loss report?

Good catch, Adam. For the income statement, we linked to the wrong screen capture, which we’ve since fixed. As you correctly pointed out, it is a forex loss, where before it was incorrectly shown as a forex gain. We also added a clarification on the balance sheet, since the balance sheet wasn’t intended to be in sync with the income statement. The balance sheet was intended to display another aspect of multi-currency accounting, where the exchange rate changes before the customer receivable is paid. The balance sheet was prepared based on recording the home currency adjustment shown, before the customer payment was received.

We are using multiple currencies, as we have offices conducting business in both the US and the UK. Is there any way (short of having 2 separate QB company files) to print financials in GBP and USD? Meaning, we want to have one “master” company with 2 subsidiaries. We need to be able to print reports for the US in USD and for the UK in GBP. Isso é possível?

Desde já, obrigado.

This is a great question, Mary. Here’s 1 method that might accomplish what you want (albeit with some tinkering and effort): use classes. Create a class called “US Subsidiary” and another called “British Subsidiary”. Classify every transaction according to these 2 classes. For reports, you can use a Filter to include only 1 class. That would allow you to print a P & L for the US Subsidiary, for example. If you have separate accounts, customers, and vendors for each “subsidiary” denominated in each currency, you’ll end up with reports for each “subsidiary” in the local currency. The tinkering and effort will primarily come in keeping a balance sheet for each company in balance. Although you can use a class filter to print a balance sheet, the resulting balance sheet won’t necessary be in balance. Keep in mind that classes can only be used to track one aspect of your business, so if you’re already using classes for something else, this won’t work. This is a somewhat rough attempt to create consolidated financial statements, a task better suited to Enterprise Solutions than Pro or Premier. For simple P & L’s in different currencies, the result will probably be worth the effort. For a complete set of financial statements, this method will probably expose its limitations before too long. Given that once you turn on the multi-currency feature for a company file, you can’t turn back, you may want to try making a new company file and enter some sample data before pushing ahead with live data. Let us know how it goes.

Thanks so much for your reply. I’ll be sure to give it a try and keep you posted.

Você é bem-vindo. You should be able to print P & L’s in both USD & GBP provided you’ve applied classes consistently and you specify the class as the report filter. Balance Sheets are trickier, because they won’t automatically balance.

A company file is intended to print full financial statements (P & L, BS, Cash Flow) in a single currency. QB Premier also doesn’t support multi-company consolidations, even in 1 currency. So this technique is pushing 2 boundaries of QB. Don’t be too surprised to find limits.

We all want to use the GAAP rules……..

Does the explanation given above mean that without making an annual adjustment in the general journal, an unrealistically high balance on the A/R foreign item (includes unrealised gains due to currency fluctuations) will progressively float away from reality?

If so .. surely this is the opportunity for Intuit to create an easy proceedure to get the annual Balance Sheet right.

We use multicurrency over here in UK trading with Dollar customers and Euro customers so our home currency is Sterling.

The state of our Balance sheet is looking like a picture of fairy land as a result of unrealised gains.

Roger, cheers from across the pond.

The easy procedure is already in place. All a user needs to do is download the latest exchange rates, and those will be used to produce realistic financial statements. The only problem that I see with this approach is that the burden is on the user to actually download current rates before preparing financial reports; otherwise the reports may very well “float away from reality” as you suggest. However, that burden is not really very different from other aspects of any financial accounting package. For example, you can print financial statements without ever having recorded depreciation or amortization. In the end, it’s up to the person doing the work.

As to your comment about unrealized gains/losses, are your gains coming from transactions that haven’t closed? Normally, these would close in a relatively short period of time, which would cause them to be realized.

Our multicurrency description is based on a firm with a home currency (in our example, the US dollar) trading with customers or vendors in foreign currencies. Typically, these trades would be closed out in CM says:

How about the revenue and expense associated with the transaction? If you have made a sale, the other side of the receivable is revenue. Typically this is converted at the average rate for the period the revenue was earned – it appears that in quickbooks 2009, this would incorrectly be at the spot rate used when the invoice was generated. As we live in a global economy, hopefully quickbooks will enhance the multicurrency feature in the next version so that it is compliant with GAAP.

I’m not sure currency conversions at an average rate are required for GAAP. Take a look at FAS No. 8. Under paragraph 29, the use of averages is permitted, but not required.

Paragraph 13 states:

Revenue and expense transactions shall be translated in a manner that produces approximately the same dollar amounts that would have resulted had the underlying transactions been translated into dollars on the dates they occurred. Since separate translation of each transaction is usually impractical, the specified result can be achieved by using an average rate for the period.

It seems FAS No. 8 encourages currency translations into dollars based on rates “on the dates they occurred.” This is exactly what QuickBooks 2009 does, so it seems to me it’s GAAP-compliant just as it is. Not using averages raises a separate issue of how firms entering large volumes of non-dollar denominated transactions can insure the correct rate was used in transaction entry.

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101 Best Side Business Ideas to Start While Working Full-Time (in 2018)

No matter how rewarding your full-time job may be, finding the right side business ideas and eventually becoming fully self-employed is even more meaningful than great pay and solid benefits.

Choosing the path of entrepreneurship, and working on your side business idea, is without a doubt riskier than being content with holding a 9-5 job. It requires way more sacrifice . However, once you’re reaping the lifestyle benefits of being your own boss and hustling your way into making significantly more money with your business idea than you ever could at your day job, the hard work will have all been worth it. So, let’s talk business ideas .

Want to find a profitable niche business idea this week? Join my free online course Find a Profitable Business Idea today.

The question I'm asked the most (by far) when I meet and speak with fellow entrepreneurs is, "How do I know which business idea is best for me?" This one is always quickly followed by, "How do I start on this side business idea while I'm still working my full-time job?"

Isso faz todo o sentido. With how many business ideas already exist out in the world, it can be difficult to come up with the right side business idea you should be spending your time on. Especially if you're looking for the kind of home business idea that'll afford you immense lifestyle flexibility.

The majority of us don't have the luxury of being able to quit our day jobs to pursue starting a business idea today, without having to worry about how we're going to meet our financial obligations moving forward with no immediate income.

Enter: The Side Hustle . I've created an entire podcast to talk about the side hustle, featuring interviews with the world's top entrepreneurs right here on—The Side Hustle Project. Listen to my episode about How to Find a Profitable Business Idea right here.

That's why I'm a huge advocate of always starting a side business while working full-time , so that you can test your way into your new product or service, get feedback, validate the business idea, and start generating income before you quit your job. If you can master the art of scaling a side business idea while keeping your day job, you'll have no trouble succeeding once you're fully self-employed.

When I set out to start in on a new business idea, I always make sure it aligns with both my core competencies and my interests. It starts with learning how to discover your strengths as an entrepreneur, and it's how I make sure I'll be engaged, even when the going gets rough. I learned this the hard way when I decided to start a freelance business a few years ago to offer my freelance content marketing services.

From there, you need to learn which tools, resources, and feedback communities you can use to accelerate the pace at which you're able to launch. Check out these 101 essential tools and resources I use to launch profitable side hustle businesses .

With that in mind, I put together this massive list of the 101 Best Side Business Ideas You Can Start While You're Still Working a Full-Time Job , to help give you inspiration with proven side business ideas that can be executed on while you still keep your day job—and primary source of income.

The big problem for many of us is that working a full-time job makes it too exhausting to even consider trying to find an alternative outlet. Many of the world's most successful entrepreneurs struggled with this when they wanted to start a business for the first time while they still had a day job.

Luckily, there are tons of ways to start businesses and make money with a side hustle while still leading a well-rounded, meaningful life. If you play your cards right, you’ll be able to quit your day job and grow your side business idea into an empowering self-employed career.

Obviously some of these small business ideas have more earning potential than others, but what they all share in common are relatively low barriers to entry and the flexibility to work at them for a limited amount of time per week. I also tried to focus on side business ideas that have some sort of online component to them, since that's what I love most.

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If I missed any good ones, please share your best side business ideas in the comments below! If you're ready to start a business while you're still working full-time, join my free course, Find a Profitable Business Idea.

Please note that some of the links below are affiliate links and at no additional cost to you, I will earn a commission. Know that I only recommend tools and learning resources I've personally used and believe are genuinely helpful, not because of the small commissions I make if you decide to purchase them. Most of all, I would never advocate for buying something that you can't afford or that you're not yet ready to implement.

Here are my picks for the best business ideas you can start right now, while you're still working full-time.

101 Best Side Business Ideas You Can Start While Working a Full-Time Job.

1. Graphic Design.

While having a formal background in graphic design is absolutely going to be helpful, it’s also relatively easy to learn the foundations of graphic design on your own. An increasingly easy-to-use Adobe Illustrator and even more easily accessible tools like Stencil and Visme are making it so that just about anyone with two opposable thumbs, a bit of creativity, and motivation can earn a side income doing things like designing (and selling) images like these motivational quotes that can be printed onto posters and sold on platforms like Etsy. Or you can find a local startup, small business owner, or photographer who could benefit from some extra help designing or altering images.

But before you can graduate from side business idea and start earning a full-time living as a graphic designer, you'll need to build your skills—I recommend starting with reading the foundational book Graphic Design School and Steal Like an Artist, the incredible book by Austin Kleon about how to become more creative. To accelerate your education in becoming a graphic designer even quicker, check out the online courses Graphic Design Fundamentals and The Graphic Design Bootcamp.

2. Web Design.

Web designers are incredibly valuable for technology companies—which is why becoming a freelance web designer is a top side business idea today. Web design is all about mastering the art of creating a beautiful, value-driven experience for the people using a website or app. There are always new websites popping up in need of professional web design, and foundational books like HTML & CSS: Design and Build Websites by acclaimed web designer Jon Duckett and Don't Make Me Think by user experience legend Steve Krug will get you started down the right path to quickly determining whether or not becoming a web designer is a viable side business idea for you.

Then you can move into more actionable online courses like Modern Web Design on CreativeLive and Learn Web Design and Profitable Freelancing on Udemy will teach you everything from foundational web design knowledge to earning your first freelance income as a web designer. On top of that, you can take even more immersive courses and learning experiences with access to direct instructor feedback and personal mentorship with platforms like Treehouse, Lynda and General Assembly to get up-to-speed even quicker with this career path and listen to my podcast interview with Ian Paget about how to become a freelance designer as a side business idea.

Modern Web Design by Andy Pratt & Jesse Arnold on CreativeLive.

3. Web Development.

As a web developer, you'll build incredibly valuable skills that are in extremely high demand. You can get up to speed on building websites in as little as a few months with inexpensive or free online education programs like Treehouse , the Web Developer Bootcamp on Udemy and Codecademy .

If you don't find what you're looking for there, here's a list of the 45 best places you can learn to code for free. Once you command a knowledge of HTML, Ruby, Python, Javascript, or CSS, you can start a freelance business as a side business idea to build your portfolio while you still hold onto your full-time job. Listen to my podcast interview with Laurence Bradford about her journey to become a freelance web developer, too. And over time, you'll build more relationships, have more experience and eventually take this side business idea over to becoming a full-time source of income.

Learn Web Design by Multiple Instructors on Treehouse.

4. Online Courses.

Using your skills for profit is a common trend with all of the best side business ideas. If you're an expert at something, there's likely an audience of people online who would be willing to pay to become an expert in your field—just like you. If you want to take your skills and turn them into an online course that teaches others how to get the same results you've achieved in your life, career, or business, start with How to Create an Awesome Online Course on Udemy, where instructor Miguel Hernandez covers how he makes over $90,000/yr teaching online. You'll learn from more than 8 hours of video instruction.

If you want to find a profitable online course idea in the next 3 days , join my free online course Find a Profitable Business Idea today. It'll walk you step-by-step through the process I've used to generate more than $15,000 in online course sales in a single week. Then once you're ready to start teaching your own online course, I recommend using Teachable, the easiest and most affordable platform to use for creating, hosting and selling your online courses. They also have a ton of free educational resources about how to get started with creating an online course (yes, even as a side business idea) when you sign up right here.

30 Days to Validate by Ryan Robinson on ryrob.

Packaging your skills and knowledge into a downloadable eBook that delivers value to those seeking to learn a skill, advance in their careers, or start their own businesses, makes for a strong value proposition if you target the right audience. Check out Leslie Samuel's great guide to selling eBooks online and start building your strategy around this side business idea. This class with Tara Gentile on CreativeLive will also show you how to use your existing body of work to write an eBook within the next week. Put in some serious work with your eBook, build an audience and you'll have a platform to pitch traditional publishers on landing a book deal—then you can write one of the best business books and really build your personal brand.

6. Instagram Marketing.

Build up a following on your Instagram account and you could quickly be approached by major brands, gear companies, and other relevant businesses that sell products or services related to the type of content you share on Instagram—creating multiple potential side business ideas that'll come to you. If you have the right marketing skills and hundreds of thousands of followers, you can easily charge anywhere between $500 to $5,000 per post (or more)—which makes for a very profitable side business idea. Check out this fashion Instagrammer on ThePennyHoarder, making a significant income from brand sponsorships. Once you get some traction, to cut down on the amount of time you spend uploading images, you can make your entire workflow more efficient by posting photos from your Mac or PC.

7. Online Coaching.

If you have something you're skilled at and very passionate about, you can turn that winning combination into offering your services with one-on-one online coaching as a solid side business idea. Just be sure to implement your own opportunity management system so you don't get caught up working with clients that you can't measurably help. Regina Anaejionu will give you a step-by-step plan for putting your skills and experience to work by developing an online coaching business—even as a side business idea in the time around your full-time job—so be sure to check out her content for a jump start on this side business idea.

On top of just the skill and experience components to being a successful online coach, this side business idea is all about building a community around the help you're offering and fostering trust with members. Plus, your community members will learn from each other along the way. Creating the space for that community can be as simple as setting up a private Facebook group or choosing a community-building platform like Ning that has even more capabilities like using your own custom URL, having internal forums, customized designs, and more.

8. Podcasting.

If you can create a regular audience for your podcast on a specific topic, this is a great way to get sponsors and fund this side business idea. My podcast, The Side Hustle Project is actually my current side business idea, and because I had an existing audience here on my blog at the time I launched the show, I was able to broker a $5,000 sponsorship from Freshbooks to place ads on the first ten episodes before I even got started.

When I used to work at CreativeLive, I regularly paid $250-$500 (or even much more depending upon audience size) per episode for 90 seconds worth of advertisements on relevant podcasts like The Tim Ferriss Show , the #1 business podcast right now from the 4-Hour Workweek author, Tim Ferriss. The podcast has even helped Tim launch his latest New York Times bestseller, Tools of Titans to a wider readership.

Naturally, it helps if you already have an online audience you can tap for listening to your regular podcast (like I did), but that hasn't stopped thousands of people from building successful side business ideas into lucrative podcasts—including Alex Blumberg, founder of Gimlet Media who teaches how to use storytelling and launch a podcast. You can also check out this class from podcaster and entrepreneur, Lewis Howes, about how to make money podcasting as a side business idea, which regularly broadcasts for free on CreativeLive.

9. Amazon Reselling.

Anyone can sell goods on Amazon , provided you have products to sell (or buy low, then resell). If you’re the type to hit all the local garage sales each weekend, there’s all sorts of valuable things that can be resold online as a side business idea. If you want to step your Amazon selling game up, check out this detailed guide to Amazon and eBay retail arbitrage on Entrepreneur featuring an interview with Julie Becker and several drop-shippers who've grown this home based business idea from side business idea into a lucrative money-maker.

10. Local Business Consulting.

If you've developed valuable skill sets or certifications within your industry over the years, consider putting your skills to use in your free time by offering your consulting services to local business owners as a potentially lucrative side business idea. Whether you're an expert marketer, business strategist, or manufacturing aficionado, there's likely a local business owner who's willing to pay you to help them solve an issue with their company—if you can craft an effective cold email that convinces them to hire you. Start with this 18-step checklist to becoming a local business consultant as a side business idea, from Karyn Greenstreet. When you're ready to get serious about becoming a consultant, check out all of my picks for the best online business courses to keep building your skills and learning how to land your first consulting clients. Personally, I think this is one of the best business ideas you can get started with today .

11. Phone Case Business.

There's a huge growing market for mobile phone accessories, and plenty of handmade sellers are raking in 6 and sometimes 7 figures from their phone case businesses. You can get your own phone case business up and running as a side business idea in a matter of days with turnkey solutions from Case Escape , my previous company, and you can now get ready-to-go kits that'll give you everything you need to start a phone case business. Once you're up and running, you can sell cases on Etsy , Amazon Handmade , and Fancy . During our first year of selling phone cases as a side business idea on our Etsy store, we made around $60,000 in revenue from that selling channel alone—not to mention additional sales from fairs, trade shows, promotional products vendors, parties, events and other online marketplaces. From there, the sales only continued growing and we graduated from side business idea to full-time company that I ran with my best friend for multiple years.

12. Commission-Only Sales.

If you have a knack for connecting with people and the willingness to take on some risk, a commission-based freelance sales role could be a great side business idea for you. Many startups seek part-time and commission-only salespeople, especially when they're just getting started, which means you'll often be able to make this a home based business idea. Develop your sales strategies and become an inside sales rep on the side in your free time for nothing but commission, negotiate a little equity and you could profit big time if you're pitching a solid product and the startup succeeds. Start your sales education with the acclaimed books, Secrets of a Master Closer and To Sell is Human by famed bestselling author Daniel Pink and you'll be well on your way to getting this side business idea off the ground.

Then you can move on to more immersive sales education through online courses like Sales Training and Prospecting on Udemy, The Guide to Pitching and Selling Clients on CreativeLive. Once you're ready to put your selling skills to the test, check out Angel List and see if any sales position opportunities align with your interests—the last thing you want to do is get stuck selling products or services you're not interested in. However, by starting out your sales career as a side business idea, that gives you the flexibility to easily change courses if you ever need to.

13. Affiliate Sales and Marketing.

If you already have a website that's driving in targeted traffic, a great way to make passive income from the content you're already creating as an easy side business idea, is through affiliate marketing. ShareASale, Rakuten, Clickbank , and Skimlinks are a few of the best affiliate networks and tools that can help you make money from the content you already produce, thus amplifying your side business idea income. Check out this extensive list by Justine Grey, covering the 59 Best Affiliate Programs for Business Bloggers to get some inspiration on how other bloggers are growing affiliate blogs from side business idea to full-time company.

14. Virtual Assistant.

Have a knack for staying organized? If you're a jack of all trades, you should consider working as a virtual assistant as a side business idea. You can find great gigs on Elance , Indeed , or Upwork . It can be an awesome way to rub shoulders with some very important people, build up your professional network, grow your side business idea and you'll have the added perk of being able to start this as a home based business idea. Becoming a virtual assistant can be a particularly great side business idea if your partner's job means you're constantly on the road—for example if you're the husband or wife of a coach or athlete, which makes regular moving a way of life.

15. Tax Preparation.

It’s not the sort of side business idea that’s covered in glory, but someone needs to make sure all the numbers add up at the end of the year. Every business and most individuals need someone with the domain expertise to help prepare tax returns, especially time or resource-strapped small business owners. The Income Tax School provides an array of training programs that'll certify you with tax prep in as little as 10 weeks, and once tax season rolls around you'll be able to charge an average of $229 per return as a freelance tax preparer with this side business idea, reports CNBC.

16. Remote English Teacher/Tutor.

Teaching and tutoring English as a second language is a great way to make a solid side business idea work, not to mention opening doors for you to travel the world if you'd like. While full ESL (English as a Second Language) accreditation is recommended, as long as you’re a native speaker, there are people in countries such as Hong Kong or the UAE who are willing to pay upwards of $25/hr for you to teach them English via Skype. Indeed , Learn4Good and Remote. co often have remote english tutoring jobs posted, check back frequently. Then once you land that remote job, you'll need somewhere more professional than your dining room table to meet with students—check out this post about how to find places to work remotely and you'll officially graduate this side business idea into a full-time endeavor for yourself.

17. SAT Tutor.

If you had a knack for standardized tests and had no trouble acing the SAT, ACT or other college exams, why not start tutoring high schoolers as a side business idea? Parents of all economic backgrounds are more than willing to shell out upwards of $100/hr to the right tutor, if it means their son or daughter will get admitted to the college or university of their choice. See this quick checklist for starting an SAT tutoring business from the Work At Home Mom. Whitney over at Rookiemoms also has a cool story to share about a stay-at-home mom making $40/hr helping kids out with homework and turning it into a profitable side business idea.

18. Social Media Manager.

We're all guilty of spending too much time on Facebook, Twitter, or Pinterest sometimes, so why not get paid to put your expertise to work as a side business idea? Lots of companies, especially startups or those in retail and travel—even influencers have heavy social media presences and are constantly in need of people to help build their brands online. You can find these types of opportunities on sites like Flexjobs and CareerBuilder and most employers on these websites are conditioned to working with people who operate these services as their side business idea.

Build your own social following and create a personal brand for yourself like Matt Nelson, founder of WeRateDogs has done (thus growing his following to more than 2.8 Million people), and countless opportunities will come your way for turning this side business idea into a full-time business.

19. Google Paid Ad Specialist.

If you know a thing or two about paid internet marketing and are comfortable with Google, a great way to make some extra income as a side business idea is to sign a freelance contract to manage a company’s Google Ad Campaigns , and gradually start bringing on more clients as your consulting business grows. Just be sure to brush up on all the right business slang and industry jargon that's pervasive in the online marketing world before you launch unprepared into this side business idea.

20. Start a Blog.

Think blogging is no longer a viable source of income? Pense de novo. Tens of thousands of bloggers, creating content on topics as diverse as scrapbooking, home cooking, travel, film, lifestyle, and more are launching self-employed careers thanks to a combination of email subscribers, affiliate marketing, blog sponsorships, and other revenue streams. Your first step is sharpening your writing abilities, understanding what your audience craves and learning how to write a blog post that drives traffic and brings you readers on a regular basis. Even blogging about tech gadgets and products you love can turn into a profitable side business. Take my friend Andy's blog, AwesomeStuffToBuy for example. Or listen to my interview with Gaby Dalkin about how her journey to start a food blog as a side business idea.

If you want to speed up the process of building your blog, I recommend setting up quick, affordable and easy website hosting with a company like HostGator and then hiring a talented freelance designer or web developer on a high quality marketplace like Crew in order to free up more of your time to utilize on creating content, connecting with (and building) your audience. Then once you've been able to build a community around your blog, you'll want to invest in really understanding your readers—so that you can give them more of what they want.

Want to find a profitable niche business idea this week? Join my free online course Find a Profitable Business Idea today.

21. Presentation Design Consultant.

Yes, even the PowerPoint presentation requires outside consulting every now and then—especially if it's not your forte. I know I would happily outsource the visual layout of my presentation decks for work meetings, investor pitches and lectures. Tobias Schelle of 24Slides is living proof that you can turn your skills at slideshow presentation design into a legit side business idea—and potentially earn up to $20 a slide for your time and talents.

22. Travel Consultant.

If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet , why not carve out a niche for yourself as a private travel agent? Take my friend, Mark Jackson's lead with what he's doing to build a travel consulting side business idea. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals and eventually you could spin this business idea into a full-time consultancy teaching people how to make your dream trip a reality.

23. Landing Page Specialist.

If you have a way with words and know how to make the keyword-friendly, beautifully designed, SEO-optimized landing pages, why not charge other companies for your services and turn it into a money-making side business idea? Even a short landing page is worth a couple hundred bucks in most cases, and so much more if you know how to pitch your prospects well. If you want to get started with your business idea of becoming a landing page specialist or freelance copywriter, check out Neville Medhora's awesome post on How to Become a Copywriter with No Experience.

24. Interior Design Consultant.

Someone out there is remodeling their kitchen and needs to know which shade of granite will match best with mahogany flooring. That someone will often be happy to pay you for your advice, especially if you’re the kind of person that subscribes to websites like Contemporist and you have the motivation to turn this business idea into a money-making enterprise.

25. Housesitter.

It’s not exactly a way to make consistent great money, but housesitting—exactly what it sounds like—is a fantastically easy business idea that can fund your ability to live in exciting locales around the world (or your city) without paying a dime in rent. Did I mention it’s a way to travel and live rent free? Here’s a list of four great websites from the legendary Nomadic Matt, to start your housesitting side business idea search.

26. Babysitter.

No, babysitting isn’t just for teenagers and college students. Quite on the contrary, if you call yourself an Au Pair instead, you can make some pretty good side money working nights and weekends with this business idea if you don't mind the often odd hours.

27. Property Manager.

Know someone who rents out property to others? Perhaps they could use a hand managing their property. If so, you can make a decent amount of money on this side business idea with relatively little work on your part (most of the time). It'll take some hustling and the willingness to be flexible with your schedule, as you'll be responsible for collecting rent checks, managing repairs and improvements, and simply being on call for emergencies. But, a property manager is essential for most real estate investors that have a large enough portfolio, so there's definitely merit to this business idea.

28. Sell on Etsy.

Have a talent for crafting or creating other handmade goods? From bracelets to phone cases, rings, furniture, and more, Etsy is one of the world's largest independent marketplaces that’s perfect for anyone who is creative and willing to sell their handmade creations. As long as you have the space, this can make for one of the best home business ideas that can be started as a side hustle with a very limited investment. Consider these 5 steps to starting an Etsy store , from Handmadeology. Then, after you're able to build your brand and grow your own audience, you can start an eCommerce site of your own and retain a larger portion of the revenue from your product sales—making this a very lucrative potential business idea if you're able to find an audience that loves your products.

29. Ebay Sales.

Similar to selling on Amazon, eBay is a place to make money selling just about anything you can think of as a side business idea, with the added excitement of using the auction selling model to sometimes get way more than you expected for that antique baseball card you picked up at a local street fair. To turn your eBay selling into a legitimate business idea, look for opportunities where you can buy in-demand products at a discount—and later sell them for a profit.

30. Fiverr Gigs.

Fiverr is a great place for first-time freelancers who might not have tons of experience and want to build up a portfolio of their work. You'll be able to complete simple tasks ranging from logo design, to creating animations, or even drawing a company logo on your forehead . While this side business idea likely won't be growing into a million dollar startup for you, it can still be a platform for funding your next big business idea. Want to learn more about Fiverr's history and how to get the most out of selling on the platform? Listen to my interview with Fiverr CEO Micha Kaufman.

31. College Admissions Essay Editor.

If editing and advising college students on how to write compelling 500 word essays on topics such as " You were just invited to speak at the White House. Write your speech ," seems like a compelling business idea to allocate your free time towards, trust me—tons of parents will pay you to edit admissions essays and offer constructive feedback for their children. Be careful not to blur the ethical line of actually writing their essays, but serving as an editor to help them convey their message can become a great side business idea that has the potential to spread by word-of-mouth referral in your community.

32. Portrait Photographer.

If you own a camera, starting a freelance portrait photography business could be a very natural way to turn your skills and passions into a profitable business idea. Start with doing free shoots for friends and family to build up a strong online portfolio, get familiar with your gear and the editing process, then you'll be able to get paid for photographing professional head shots and celebratory family moments as your side business idea. Get started by checking out this men's portrait photography class that regularly broadcasts for free on CreativeLive.

33. Wedding Photographer.

Wedding photographers command premium rates. After all, you are capturing one of a couple's most important life moments, making it a very lucrative side business idea. Many professional wedding photographers charge between $2,500 - $10,000 ( or more ) to shoot a wedding, so it's realistic that this side business idea could quickly blossom into becoming a full-time endeavor with the right happy clientele base that's willing to refer you to their friends and family. Check out the Complete Wedding Photography Experience over on CreativeLive to get up to speed on everything you need to launch a successful wedding photography business.

34. Online Dating Consultant.

Believe it or not, some people have such a difficult time with dating, that they don’t even want to participate in the online (or app-based) component of it. If you’re a smooth talker, why not leverage that skill into becoming a paid match maker as a side business idea? People are paying.

35. Writing Erotic Fiction.

Werewolves, step-brothers, and tentacles—the demand is high. As odd as it may sound, if you’ve got the imagination (and a clever pseudonym), you can make upwards of $5,000 a month writing erotic fiction in your free time as a side business idea.

36. Writing Greeting Cards.

Fancy yourself a poet? You can earn $300 for every poem you write that this greeting card company publishes—not a bad side business idea if you've got a way with words and aren't afraid of rejection on poems that aren't a good fit.

37. WordPress Website Consultant.

Countless small businesses start out their web presence using a WordPress hosted website (myself included) before needing to upgrade to other solutions for various reasons. Many of them will pay several hundreds of dollars for someone to get their business idea set up online. If you have the patience to learn how to do it yourself , it's an extremely valuable skill and lucrative side business idea.

38. Drive for Uber or Lyft.

Driving for one of the two globally expanding app-centric taxi alternative services, Uber or Lyft can still be a fairly lucrative way to earn money as a side business idea on nights and weekends—working only when you want. But before you dive head first into this side business idea, do your homework and calculate the costs of extra gas, mileage, tires, wear & tear and usage on your vehicle—it's not a guaranteed business idea that'll turn a huge profit every weekend.

39. Rent Your Car on Turo.

If you own a car but barely use it, you can make some easy cash as an effortless side business idea by renting it out on Turo . Before you freak out, know that there’s a $1 Million insurance policy on all cars, plus drivers are prescreened, so you can have peace of mind.

40. Art Collector.

Not to be confused with hoarding, this business idea takes a lot of time, patience, and passion. If you have an eye for good art, it’s easy to get in on the ground level by visiting the studio department at your local university—though don't expect to get rich overnight with this side business idea. Many art students are more than happy to sell their work for a bargain, and in as little as a few years, there's a chance that piece you bought for a couple hundred bucks may be worth well into the thousands. Beware though, this business idea will take a whole lot of patience (and storage space for all that art).

41. Catering Business.

EatWith is a great way to test the waters as a chef for your side business idea, and if you have enough rave reviews you might be able to turn your knife skills into a full-time endeavor where you're leveraging your network to book catering events. This side business idea is built heavily upon getting happy referrals, so be sure to over-deliver for your first customers, and ask if they know anyone else who could be in need of your catering services.

42. Develop an App.

Sometimes it seems like there’s an app for everything. Yet somehow, new ones keep popping up and selling for lots of money, all the time. If you spot a niche that hasn’t been filled to its potential just yet, and you can learn the coding skills (or know someone who already has them), you could be on to something with this side business idea. Today, it's even possible to build an app without any coding skills whatsoever. Just make sure you validate your app idea before jumping too far in. Even if your app business idea doesn't pan out to be a best-seller, you'll still pick up valuable skills.

Listen to my interview with serial entrepreneur and investor, Michele Romanow about how she built an app that earned $500,000 in 3 months (as a side business idea outside of her day job) and how she eventually sold the company to Groupon. It's seriously incredible.

Want to find a profitable niche business idea this week? Join my free online course Find a Profitable Business Idea today.

43. Online News Correspondent.

You don’t need to have a degree in journalism to be a reporter these days (and pursue this business idea). Plus, there are many news websites that can always use a bit of help on getting local coverage. Some of them, such as The Examiner or HuffPost , will compensate contributors based on ad revenue generated per article written—a great incentive to provide compelling content to news organizations as your side business idea.

44. Patent Something.

This side business idea isn't for most, but consider Kia Silverbrock who has been granted over 4,665 US Patents in his lifetime (so far). You don’t have to invent the wheel to make good money from your patented concepts—just make sure that your idea can be produced affordably , or it will never stand up against a lawsuit in the future.

45. Buy and Sell Domain Names.

Domain name trading has been around for the last couple decades, and while most slam-dunk names have long been sold off ( Insure went for $16 Million in 2009 ) there’s still plenty of others that you can get your hands on for relatively cheap and broker as your side business idea. But beware: some experts doubt the long-term viability of this business idea, so you shouldn’t quit your day job just to put all your effort into this one without some successes already in the bag. To get you started, here are some tips from GoDaddy, arguably the world’s largest and most famous repository of domain names. Imagine owning desirable domain names for the next decade's most innovative companies.

46. Start a Popup Shop.

While the barriers to entry for a retail shop can be very high, one way to keep costs down and limit your time investment while you keep your full-time job, is to set up a weekend popup shop as a side business idea. More of whatever it is you’re selling—donuts, clothing, antique baseball cards, or anything else—will stay in your pockets instead of going to pay for operating expenses such as rent or utilities by choosing to pursue retail as a side business idea with a short-term rental. This guide from Shopify will give you a step-by-step process for getting your popup shop off the ground .

47. Brew Your Own Beer.

Like drinking beer? Why not try making it yourself as your side business idea? With enough patience and skill you might end up brewing something that others are willing to pay to drink. Pick up an easy-to-use starter kit from Mr. Beer online, invest the time it'll take to perfect your craft, make a unique brew and start shopping it around to friends & family to see what they think of this side business idea.

48. Freelance Proofreading and Editing.

As long as there is still the written word, there will always be editors. Freelance editing and proofreading not only pays a decent hourly wage, it also gives you the chance to read about potentially interesting topics too. What's more, pursuing freelance writing & editing as a business idea can afford you a lifestyle that lets you travel the world as a digital nomad. You can find lots of job postings from companies and individuals in need of writing, proofreading, and editing services on Upwork , which makes this a high-demand side business idea.

49. Buy Used Electronics and Refurbish Them.

Many people give up on their faulty laptops, mobile phones, or cameras without even looking into the cause of their malfunctions. If you have the skills to fix them, consider pursuing this side business idea of refurbishing and reselling used electronics in your free time.

50. Data Analysis.

Got a thing for numbers? Plenty of companies need to hire talented contractors who are good at data analysis, making this a potentially lucrative side business idea if you have the right credentials and experience. Platforms like Upwork and Digiserved are but a two of many websites that are great for freelancers with an analytical prowess, looking for extra work as a side business idea around their full-time jobs.

51. Acquire Parts from Electronics Stores.

Believe it or not there's a treasure trove of valuable items being thrown away by big box stores around the world. Electronics stores toss out everything from printer cartridges to tablets, and if you’ve got the stomach for rummaging around in dumpsters you can easily make some money (more than you ever thought possible) with this side business idea.

52. Freelance Writing & Copywriting.

Every website owner (including myself) hires copywriters to write content for things like about pages, FAQ's, or blog posts. Hourly wages for novice copywriters are not very high, but with some experience and a growing portfolio, you can become a freelance writer today and soon be charging more than you make at your full-time job if you find the right clients and brand yourself as an expert with this side business idea. Check out one of my most talented friends, Jory Mackay, for an example of someone who's doing a great job of positioning himself as a premium service-provider with his freelance writing side business idea. Then when you're ready to start cold emailing potential clients, pick up my free downloadable freelance proposal template and get started today.

53. Licensed Product Distributor.

It doesn’t happen overnight, but licensing a foreign product for sale domestically, can be a lucrative business idea that (at times) leads to a big payoff down the road. Invest intelligently, sell a product you believe in, and you can reap the rewards for years to come.

54. Fill Out Online Surveys.

It’s not very engaging, or mentally stimulating, but online surveys do pay out (a little), believe it or not. Just don't expect to make bank with this side business idea—I recommend combining it with another source of side income from this list of my best business ideas, and turning to surveys in your downtime when you need a little extra income.

55. Airbnb Host.

Not only is Airbnb a great way to make money by renting out your spare bedroom or living room couch as a legitimate home-based business idea, but you also have the benefit of meeting new people and making new friends if that's your kind of thing. You can even rent out an entirely new apartment just to manage as an Airbnb side business idea, but don't make the mistake of thinking this will be a passive source of income—you're on call whenever you have a guest and you'll always need to keep the place clean for incoming visitors. On top of just renting on Airbnb, you can take this business idea to the next level by offering your guests add-on and personalized experiences for an extra charge. Take Lauren Gheysens' Airbnb-based side business idea, Royal Day Out in London, England for example—where she gives visiting tourists a local's only tour of the city, complete with bespoke 18th century costumes.

56. Personal Fitness Trainer.

If you’re a fitness buff and have the right combination of charisma and business sense, working as a part-time personal trainer as a side business idea can be both physically and financially rewarding. Once you build up a reputation and client base for yourself, it could easily turn into a full-time endeavor for you. Check out these tips to a successful personal training business by the American Fitness Professionals and this interview with several fitness blog owners who are making a living online, from MonetizePros. Finally, I'd recommend checking out this resource if you want to take this business idea seriously and get started with a business plan for your personal fitness trainer business today.

57. Yoga or Meditation Instructor.

Yoga is getting ever more popular, which means yoga instructors are more in demand than ever—making this another physically rewarding side business idea. Link up with a local yoga studio to teach nightly classes or offer personalized yoga in-home at a higher rate to pursue this kind of emotional and physical balance with others, during your free time while helping your bank balance, too.

58. Start a YouTube Channel.

Yes, spending time on YouTube can be a legitimate business idea if you take it seriously. If you can create value-driven, entertaining video content and grow your subscriber base to a few thousand subscribers, your videos can start generating pretty substantial income from all the ads being displayed on your videos. Many YouTube users make well into the millions each year, so there's clear potential to take this from side business idea to eventual millionaire with the right combination of content, audience, skills, relationships and timing.

59. Translator.

If your mastery of another language is good enough to have the grammar and spelling down, translating is a great side business idea to set up for yourself and can even be done remotely. Flexjobs has literally hundreds of freelance, remote translator jobs available right now and if you're looking to land more remote work on the side of your other pursuits, check out my guide—how to get a remote job (this weekend).

60. Tour Guide.

Live in a destination where travelers frequently visit? If you love meeting new people from around the world and also love the city you live in, starting your own local tour company is arguably the best business idea that will give you both of those perks. Take a unique spin on your local tour business like Erik from Vantigo . He was starting his VW van tour business in San Francisco as just a side business idea while he was still working a full-time job, and grew it to being a sustainable source of full-time income before quitting—now he's running a multiple van tour company on the back of what originally began as a crazy side business idea.

61. Music Instructor.

Do you play a musical instrument well enough to teach it to others? How about taking your skills at producing music or sound design and teaching others as a service-based business idea based on your experience? Private music instructors in all disciplines charge upwards of $20-100/hr (or more depending upon skill and experience), and you don’t necessarily have to do them in person, either. This makes for a great side business idea that can channel your passion for music into profits.

62. Stock Photographer.

If you have a fondness for taking pictures of smiling families or laughing children blowing bubbles, consider becoming a stock photographer and selling your images to a stock photo company like Unsplash, ShutterStock and iStockPhoto as a side business idea. You’ll get royalties every time someone licenses an image you’ve submitted. To really be successful, build your own photography website to be able to showcase your portfolio and start getting higher-paid private corporate work.

63. Ghostwriter.

Ghostwriting pays pretty well, and if you're talented at researching and creating great content within a certain subject domain, you can quickly build a roster of high-paying clientele with this business idea. Ghostwriters like Jeff Haden have created very lucrative careers for themselves by writing for business executives and CEO's—and Jeff also started his ghostwriting career as a side business idea outside of his full-time job as a factory manager. Listen to his interview with me on The Side Hustle Project (podcast) right here.

64. Online Subcontracting.

Once you’ve established yourself in any number of freelance verticals online, spending your time focusing just on doing inside sales (booking freelance contracts with high-value clients) and then subcontracting your work out to other freelancers can help significantly grow your client list, and revenue generating possibilities with this business idea.

Take the time to develop your skills at either making your own music, or becoming a pro at mixing, and your side business idea of dj-ing local events could turn into a much bigger endeavor . Though you'll first need to command a solid knowledge of sound design, mixing and music production before expecting to land your first gig with this business idea, as developing an entirely new skill set is not for the faint of heart.

66. Clothing Alterations and Tailoring.

Fashion, style, and grooming continue to be a lucrative side business idea that can be done in your hours outside of work. If you know how to mend clothes, then you have a growing market of budget-conscious and/or personalization-obsessed customers. Entrepreneur says you need around two thousand dollars to start a decent side business idea in this niche but there’s no harm in starting smaller and growing from there, as long as you can make magic with needle and thread.

67. Teach DIYs.

Nothing beats teaching more novice learners about your passion, hobby, or craft as a business idea (that's a common theme here). Explore dozens of DIY portals (such as DIY, DIY Network, Instructables and Mahalo) to get business ideas on how to earn a healthy side income just by showing others how to do the things you love. You can also sift through the countless ad-supported YouTube channels that teach just about anything from guitar strumming to 3D printing.

It’s funny how much baking can relate to making money. Start bringing in some side income by kneading flour, mastering the oven, and appeasing everyone’s sweet tooth. While some experts have already turned baking into their sole “bread and butter,” you need not leave your day job to pursue this business idea just yet. Depending on your experience, you can start by doing something simple on the side like perfecting Grandma’s nostalgic cookies before heading on to offer exquisite artisanal fare.

69. Being a Task Rabbit.

If you don’t mind doing other people’s chores, then TaskRabbit may be the right side business idea for you. Earn a little side money doing odd jobs like walking your neighbor’s dog or mowing Mr. Smith’s lawn. Running errands not your style? Tell that to the top taskers on the portal who reportedly earn as much as $7000 a month, making this a full-time business idea for some.

70. Freelance Content Marketing.

From personal experience as a freelance content marketer, I can vouch for the profitability in this industry. I grew my side hustle into a $160,000/yr business before quitting my day job to pursue this business idea full-time; all you need is the right skills and experience to back it up. With startups, established brands, and even notable influencers needing to build credibility and grow their brands, professionals who can serve up compelling content enjoy a huge demand for their services. And, since brands will always need high quality content to bring in new customers, your skills will always remain an asset to invest in—especially since the nature of creating a content marketing strategy is an ever-evolving one. Start by tapping into your existing network with this business idea and begin tracking down local small business owners who could benefit from your marketing tactics, do a bang up job, ask for referrals and grow from there to the point where you're doing blogger outreach and spreading out to a wider market.

71. Freelance Ebook Writing.

If you’ve always wanted to publish your own book as a side business idea, there never been a better time than now. That’s because access to self-publishing tools and marketplaces has never been easier and more affordable. This eBook writer currently earns up to a couple of thousand bucks each month from six ebooks she published; while you can reportedly demand around $1000 per eBook project serving as a ghostwriter. My good friend, Caroline Beaton used freelance writing as her side business idea to eventually go from secretary to self-employed, while focusing on her own personal development and looking inward to discover what she's truly passionate about.

72. Investing Your Money.

If you keep your money hidden in the attic or earning close to nothing in a savings account, you might want to consider putting it to better use through smarter investing as your side business idea. Sure, there are plenty dangers to look out for, but most personal finance experts will advise you to start learning about the stock market if you want to grow your wealth, and to avoid jumping too heavily into trends like Bitcoin and other cryptocurrencies without proper understanding.

73. Investing Others' Money.

Incidentally, helping others grow their wealth is also a good way to grow your own financial worth as a side business idea. If you have stock market and finance credentials, then you can earn freelance commissions or consulting fees, advising clients on how to get the best returns for their investments as a lucrative side business idea if you can get results for those clients—otherwise this business idea can be the fast-track to alienating friends and family, so be careful.

74. Accounting and Bookkeeping.

Many small companies and startups now outsource jobs that aren’t part of their core business (such as HR, admin, and accounting), which makes this skill set a great opportunity for starting a side business idea that engages your number prowess. Because companies always need to track their cash flow, freelance accountants and bookkeepers can really benefit from the increasing demand for part-time help.

75. Building a Niche Website.

Find an audience for your passion or hobby and you’re all set to monetize something you love via a niche website as a side business idea. That of course, is easier said than done, something not intended for the faint of heart. Prepare to invest a lot of your time, but if you can hurdle the steep challenges and positively answer a few key questions on whether the website business idea you’re thinking about is profitable, then you can begin building it.

76. Car Washing and Detailing.

A lot of car owners simply don’t have time to personally care for their vehicles, much less make them sparkle. With simple equipment such as car shampoo, polishing wax, tire black, sponges, a pail and a sturdy hose, you can start earning a decent side income by making cars look fresh in your free time after work and on weekends. Not bad for an easy business idea that'll keep you outdoors and moving your body on the weekends.

77. Caregiving.

To be clear, providing care for the elderly often requires a broader set of credentials (as it should) so this business idea isn't one most people can get started with this weekend. These credentials may include licenses, training certificates, business permits, and tax forms depending on which state you wish to operate, the level of care you intend to provide, and whether you plan on running a formal business or just hiring yourself out as an independent worker as a side business idea. If you’re already giving unpaid care to an elderly relative or friend, you may want to review Medicaid provisions for some compensation. In all cases, you need genuine affection for the elderly, a lot of common sense, and good knowledge of first aid, CPR, and elderly care basics to excel with this side business idea.

78. Carpet Cleaning.

Carpets make your home warm and cozy. But they also tend to gather dust, grime, stains, allergens and bugs over time. You can tap into this opportunity by launching a carpet cleaning side business idea or serving as an independent contract cleaner in your free time. Either way, you’ll need to invest in proper equipment such as vacuum cleaners, carpet brushes, and cleaning chemicals in order to launch this business idea. Look into the possibility of renting equipment for a full weekend and lining up 5-10 clients to service, to offset your rental costs. If you turn a healthy profit, you'll eventually be able to invest in owning your own equipment and increase your margins, thus going from side hustle to serious business.

79. House Cleaning.

If you want to broaden your services and earn more, you can opt to make the entire house look neat and clean with this side business idea. House cleaning services cover carpets, floors, lawns, garages, windows, walls, and roofs, requiring a whole range of cleaning tools. You can hire maids and janitors to do the actual cleaning while you handle sales, administrative and customer service tasks. Or, you can start small by actually getting your hands dirty as a contractor, learning on the job before launching your own cleaning operations with the help of cleaning business management tools like Swept. Beyond that, I'd recommend checking out Cleaning Zoom's ultimate guide to starting a cleaning business if you plan on taking this business idea seriously.

80. Child Care.

Many families with kids, including single-parents, have very limited time resources, creating a demand for part-time child care providers (and a business idea opportunity for you). If you love kids and have some spare time, you can earn plenty of side income by looking after children while their parents are away. Just be sure to identify the particular age group you're comfortable caring for and you’re all set after any necessary certifications. Establishing a home-based daycare center capable of servicing six or more kids is also a lucrative way to really expand upon this business idea if you have the right environment for it.

81. Computer Repair.

Employed techies planning to earn some extra side income can leverage their software and hardware skills by offering home-based computer repair services as a business idea that engages their passion. If this rings a bell, you can start with a modest one-man tech team before envisioning a scaled-up operation as massive as Geek Squad. Remember, you can provide home service locally as a starting point to this business idea, as well as offer remote support through online messaging and video calling services before making your way into a retail setting.

82. Modeling.

If you've got the attitude (and look), there should be a product or service out there on the hunt for the right model to promote their brand as a side business idea. You can sign up with a large agency, find a freelance agent, or look for your own modeling gigs as an independent talent. Since modeling is a complex field, get all the advice you need before jumping right in and find a mentor who can guide you through some of the early challenges it'll take to establish your brand. Depending on your preference, you can specialize in a single media format such as video or still images, to build a compelling portfolio and grow this into a business idea that has the potential to scale.

83. Computer Training and Lessons.

Everyone (even kids and retirees) need to have some level of technical know-how to stay competitive and appreciate the marvels of the digital age. Just observe how learning sites like Codecademy, Treehouse, and Udacity continue to grow and you’ll understand the urgency of getting computer training for our generation (thus making it a great business idea to train others if you already have the skills). If you’re a techie, you can cash in on this need by offering lessons and tutorials within your neighborhood or across cyberspace through portals like YouTube or Udemy as a side business idea. You can even set up your own tutorial site with an interface for online payments.

84. Contract Customer Service.

Some firms outsource their customer service operations and many of these companies accept home-based contractors. You can start by signing up on freelancing sites such as Upwork to test the waters with this business idea first. If you’re already a CSR specialist with management skills, then you can form and lead a virtual team online and engage clients as a bona fide customer service company or, provide customer service training to such teams as well as individuals.

85. Dog Walking.

Dogs are amazing. But, owners aren’t always at home to take them for a walk. If you’re a canine fan like I hope you are, this great side business idea can net you a regular profit by just taking some adorable pups for a stroll around the park. With pet-crazed, yet busy Americans having more pooches around, dog walking services have become a thriving industry in some U. S. cities. In fact, there’s already an app called Wag that links up dog walkers who want to exercise this business idea with the pet owners who need a helping hand.

86. Real Estate Sales Consultant.

The real estate market is on the rebound (for today) and people are buying and selling properties in many locations across the U. S. That means a lot of opportunities for professionals who know how to navigate the legal, financial, and commercial aspect of real estate to build up a stable of clients as a side business idea. If you consider yourself an expert in the subject, it won't be a walk in the park (hehe), but you can earn significant additional side income as a home-based consultant.

87. Making Custom Furniture.

Turning your favorite craft or hobby into a revenue-generating business idea easily counts among the most fulfilling experiences anyone can have. Just take a look at what Jacob Huss of Soteria Designs is doing wit his hobby of hand-building furniture and wood jewelry. With more and more people demanding a higher degree of personalization in just about anything they own or use, count yourself lucky if your craft happens to be the creation of custom furniture. Not only is the real estate sector regaining its footing, the number of style-conscious customers is also on the rise, creating plenty of room for growth into this business idea.

88. Making Handmade Jewelry.

There are at least three teenage entrepreneurs who’ve already earned astonishing amounts of money by launching hand-made jewelry business ideas: M3 Girl Designs’ Maddie Bradshaw, Bella Weems of Origami Owl, and the girl behind DesignedByLei. With the industry set to shine in the near term via a brisk annual growth rate of 5-6%, the market is ripe for new entrants to this business idea who can offer sparkling new takes on how to craft appealing handmade goods.

89. Being a Gigwalker.

Earning money on GigWalk is similar to working on Task Rabbit—not a bad side business idea if you've got the free time. You get to choose from an amusingly diverse range of jobs from taking snapshots of restaurant menus to counting the items arrayed on supermarket racks. It won’t make you rich though, with payouts tending to congregate in the lower half of their $3-to-$100 range. But, if you're looking for a steady little side business idea, it can't hurt doing a strange but fun errand and getting a tip at the end. When you’re bored or a little short on cash, you can access GigWalk anytime, anywhere via their mobile app. Meanwhile, all the jobs specifically vetted for you will be within reach (ideally, just a brisk walk away).

90. Home Appraisal.

A real estate appraisal business can be operated from home, on a part-time basis, making for a fun side business idea if you have the credentials to back it up. A perfect option if you want to keep your day job while earning a little extra on the side. You won’t need a college degree to start in on this business idea, but you’ll need bankable appraiser credentials (including relevant training and professional licenses), strong knowledge of the sector, and a growing network of industry players including mortgage brokers, real estate agents, banks, and fellow appraisers that'll want to utilize your services.

91. Human Billboard.

If you don’t mind parading yourself around in public places as a side business idea, and enjoy a little attention, then working as a human billboard can pay a surprising amount of dividends. Renting out your beard, for example can earn you as much as $5 a day while having a brand logo tattooed on your shaven head for five years could pay as much as $7,000—though this type of earning opportunity is admittedly rare. This business idea is definitely not for the faint of heart, and is a little extreme for me, but nonetheless it's been done as a side hustle for many people. You can start by holding a placard or wearing a sandwich board. If you think this is a good business idea for yourself, you can go all the way and turn it into a full on small business idea.

92. Purchasing an Existing Website.

Websites aren't too dissimilar to stocks. Many are junk, but some can generate value for you, making it a strong potential business idea if you have an eye for spotting the diamond in the rough That’s why, like stocks, they are bought and sold all the time. You can buy and sell websites as a side business idea in the hope of generating future earnings based on their user traffic, current revenue intake, domain name, or some other factors that might be a hidden cash cow everyone else has overlooked. Interessado? Check out marketplaces like Flippa and Flipping Enterprises to learn more.

Want to find a profitable niche business idea this week? Join my free online course Find a Profitable Business Idea today.

93. Mobile Laundry Service.

We all wear clothes (at least some of the time). Which, of course, makes the business idea of cleaning soiled laundry an obvious hit. In fact, the self-service laundromat industry in the US is worth more than $3 billion, with many related businesses such as a mobile app laundry service, a real rolling mobile laundry service, and home laundry pickup & delivery services springing up each year. Here’s one way you can cash in on the trend as a side business idea.

94. Junk Removal Service.

As the saying goes, one person’s trash is another’s treasure. Without people cleaning up everybody else’s junk, the world would be a lot messier than it already is. This business idea might not be glamorous, but you get to make the world a cleaner place while earning extra side income. To start, you’ll likely need a sturdy second-hand truck and standard equipment like shovels, wheelbarrows, sledgehammers, rakes, and garbage cans to launch the foundation of this side business idea.

95. Becoming a Notary Public.

Public notaries primarily serve as validators of, and impartial witnesses in public legal documents, especially those related to affidavits, oaths, deeds, estates, special-powers-of-attorney, and business agreements. Depending on the state, a full-time notary public earns an average annual salary of $36,000, which makes it a great business idea to do as a side hustle as you bring in money through other ways. If you want to get started with this business idea, here are the requirements and steps you need to consider in the US.

96. Wedding Planning.

Like birthdays, marriages happen all the time. Which means you can treat weddings as a recurring fountain of business opportunities: wedding dresses and coats, jewelers, food caterers, venue providers, photographers and videographers, performers, flower shops, travel agencies, souvenir crafts, and a host of other ventures. Now imagine if you can form a network of these service providers so you can offer engaged couples a range of hassle-free wedding packages as a turnkey business idea. The process is certainly fun (and time-consuming), but as a side business idea, the pay can be pretty great.

97. Event and Party Planning.

Being a wedding specialist works well for top-notch players, but being a generalist also has its benefits. Event and party planners leverage their network of service providers to cover not only weddings, but also seminars, corporate events, birthdays, baptisms, concerts, conferences, holiday parties, and other events, making it a relatively diverse business idea. Here are some tips if you want to run a part-time event planning business at home as a side business idea. And here’s a very honest look into the upside and downside of the trade.

98. Becoming a Personal Chef.

Busy schedules can stress people out. It can also disrupt family life to the point that busy parents and homework-laden kids barely have time to prepare decent dinners and weekend meals. Hence, the surprising demand for part-time family chefs as a business idea. If cooking healthy and delicious meals is your thing, then this lucrative side business idea can supplement your regular income by helping feed busy homes. Hear Gaby Dalkin's story of going from side business idea to full-time blogger while she was a part-time personal chef right here on my podcast.

99. Pet Sitting.

I mean come on, who wouldn't be interested in this side business idea? Getting paid to take care of a cute pup sounds like a dream. The prevalence of unattended pets is another side effect of busy life, creating job business ideas and opportunities for people with time, patience, and affection to spare. Just check out DogVacay and Rover to see what I mean. Would the payout be worth it if you try? One person in New York earns $3,300 a month just pet-sitting for busy animal lovers as his side business idea.

100. Pet Grooming.

If that isn’t enough, you can expand your services to include pet grooming as an extra side business idea. To do that, you'll need to have relevant training, an operating license depending on your location, and pet grooming equipment. According to PayScale, pet groomers have an average salary range of $17,600 to $48,500. Not bad as a side business idea if you can find a way to get in most of your clients on the weekends.

101. Pool Cleaning.

Spending a leisurely afternoon in a swimming pool can be a lot of fun. But cleaning it can be a pain in the neck. Hence, most pool owners hire people to do the cleaning for them. If you need extra cash and don’t mind getting physical, then pool cleaning is a viable side business idea for you.

I've been getting so much feedback with great business ideas from my community and in the comments, so I frequently add to this post. If you have side hustle ideas you'd like to share (or personal experience with a side hustle of your own), please add to them in the comments below !

102. Private Labeling and Selling Products on Amazon.

Counted amongst the most valuable tech giants, Amazon is also a massive global market where virtually anyone can cash in on the rising tide of eCommerce if you have the right business idea. But, like everything else that involves money, you have to do quite a bit of work to earn it. In this case, you need to do tons of research (looking for generic products such as clocks, key chains and mugs to attach your brand to) as well as developing a sensible inside sales strategy that'll help you generate profits from your private label side business idea. For an incredible deep dive on how to launch this kind of business idea, check out how digital marketer Neil Patel recently did this as a public experiment right here on his blog.

Want to find a profitable niche business idea this week? Join my free online course Find a Profitable Business Idea today.

103. Officiating Recreational Sports Games.

Do you love sports? Officiating non-professional games held at community parks and college sport fields can be an exciting way to turn your love for outdoor activities into a profitable side business idea you can engage on nights and weekends.

104. Selling on TeeSpring.

T-shirts can be a viable path toward creating an automated side business idea that makes money for you while you sleep. Even Bloomberg and Forbes feature stories from entrepreneurs who've done just that. Want to learn how to make this side business idea come to life? You can find TeeSpring selling walkthroughs here, here and here.

105. Build Custom Software for Freelance Clients.

Software drives businesses today. This is a fact not lost on individuals and companies attempting to earn a profit, make a name for themselves, or simply get things done. As a result, the job outlook for software developers will be much sunnier than prospects for many other occupations—creating massive opportunities for this business idea well into the future. In fact, it won’t take you long to find a good-paying software development project as a side business idea on sites like Upwork, Guru, and Freelancer. LinkedIn also recently launched their brand new freelancing platform, ProFinder which has a dedicated section just for hiring talented software developers.

106. Coaching Sports Teams.

Nothing beats playing your favorite game. But getting paid for coaching a sports team and staying close to the action is the next best thing. Not only will you learn new skills, you’ll earn money getting your team into shape with this side business idea. The median pay for sports coaches clocks in at $30,400 according to the US Bureau of Labor Statistics. Expect to have only a slice of that if you’re signing up for part-time coaching as a side business idea only.

107. T-Shirt Printing Business.

As I’ve already covered with TeeSpring, the T-shirt retailing business is worth millions of dollars. But what if you want to do the manufacturing side of things? T-shirt printing turns out to be quite a rewarding business idea for many each year, but can quickly consume much of your side business idea time—so know what you're getting into before diving in. This multi-billion dollar industry counts big corporate factories as well as home-based part-time entrepreneurs.

108. Vehicle Advertising.

Yes, you can turn your car into a money-maker by driving for Uber and Lyft, but there are other ways to convert mileage into money as a clever side business idea. One way is to do vehicle advertising, a potential side income source of anywhere between $100 to $600 per month. Whether you own a compact sedan or a full-sized bus, your vehicle’s exterior space is prime real estate for ads. Check Wrapify, carvertise, and similar sites for more details about getting started with this business idea and for being paired up with local advertisers.

109. Window Cleaning Services.

From the inside looking out, I want to see the world as clearly as possible. And so do a lot of homeowners and particularly office managers. Now that creates a demand for window cleaners to step into this business idea, especially if you can land a contract cleaning windows for an office building. If you want to try it out as a side business idea, here’s a step-by-step guide on how to start a window-washing business at home.

110. Working on Mechanical Turk.

Mechanical Turk operates much like TaskRabbit and GigWalk: it’s a corner online where Amazon gathers tasks to be done, people willing to do them, and people willing to pay for them. On Mechanical Turk, you get to do the oddest jobs you can imagine as an online business idea, made possible by a parallel online universe that runs on hits, visits, surveys, reviews, pins, likes, CPCs, reads, and other metrics. But don’t get too ambitious. The small sums being paid out to human Mechanical Turk users rarely add up to anything seriously substantial, even if you invest most of your spare time into it. It's a better opportunity for internationally-based people with internet access and lower costs of living than in the US. Here’s one person’s account of his former life as a Mechanical Turk talking through how he got started with this business idea and what the experience was really like.

111. Yard Work Services.

A large proportion of homeowners and small businesses have lawns to tend to. Many turn to independent providers of yard work services to take care of their lawn care woes. To start and sustain a yard work services side business idea, you need training, equipment, and a growing network of customers. In the U. S., a full-time landscaping and groundskeeping worker reportedly earns a median wage of around $25,000, while those working on this as a side business idea largely during evenings and weekends can expect to make substantially less.

112. Public Speaking.

If you have the gift of gab, public speaking is a worthwhile side business idea for you to pursue. Many authors, medical practitioners, scientists, artisans, politicians, and other subject matter experts earn extra income by delivering speeches, seminars, and presentations. Professional motivational speakers earn an average annual salary of around $90,000 with just that portion of their income, making this a very realistic side business idea while you continue practicing your craft.

113. College Counseling.

College counsellors come in all shapes and sizes. Their primary duty is to help guide students through an important period in their lives. Some counselors focus on admissions, career advice, financial aid, athletics, extracurricular activities, and other concerns. There are institutions looking out for part-time college counselors, making this a fantastic side business idea, or you can even start your own practice and charge anywhere from $25-$100+ per hour for your consultative services if you're well-versed on the subject.

114. Making Seasonal Decorations.

Christmas, Halloween, Easter, Yuletide, Hanukkah, Valentine’s Day, Chinese New Year, 4th of July, Mother’s Day. There are a ton of traditional holidays that count as solid reasons to explore the side business idea of crafting and selling seasonal decorations. After all, people and businesses pay good money for them. In fact, total sales of Christmas trees in the U. S. alone amounted to a whopping $1.04 billion in 2014. And you still have holiday lights, nativity scenes, crafted hangings, baskets, wreaths, and other decorations to cover, making this a potentially year-round seasonal side business idea.

115. Snowplowing.

The holidays do bring cheer, but when winter comes, so does the snow. Thick, traffic-hindering piles of it. Snow can be fun for a while but somebody has to get rid of it for our lifestyles to continue onward. Make extra money with this side business idea from home by offering snow and ice removal services.

116. Selling Handmade Clothing and Garments.

With the rise of online craft marketplaces like Etsy, people with decent artisanal skills like sewing and woodworking have an always-open market to sell their products as a side business idea. If you’ve always wanted to design and make clothes by hand, then you can start turning those fashion ideas into real, hand-sewn garments and earn a little bit with this side business idea while you sleep and customers from around the world browse your Etsy & Amazon stores.

117. Antique Refurbishing.

The antique market is not as lively as it used to be. But there’s still money to be had from the industry if you love rare old stuff and possess the skill of restoring them to their former glory. To start an antique refurbishing business at home, you’ll likely need a few thousand dollars to build out a basic workshop and stock it with all of the right treatments and materials in order to truly excel with this side business idea. Start small by borrowing around what you can, and learning the basics of the trade as a side hustle before investing in a ton of equipment.

118. Dance Instructor.

Most people, even those many won’t admit it, love moving their bodies. It's also a great workout. If at some point in your life, you had to hang your dancing shoes for a more sensible office job, there's nothing stopping you from earning money with this side business idea as a passion project around your day job. Part-time dance instructors get a fraction of the pie that their full-time peers enjoy, but it can add up to hundreds each week if you're consistent—making for a great side business idea to those with the skills and drive.

119. Part-time Bicycle Delivery.

Believe it or not, this freelance bike messenger makes more money than some people glued to their office desks. You won't rake in a whopping $50,000 as this guy does by just doing this in your free time as a side business idea only , but you’ll surely get a piece of the action. Even Uber is trying out a blueprint for a delivery service, and companies like WunWun and Amazon are stepping up their efforts to expand same-day delivery, increasing the demand for more to jump in on this business idea. If you have a decent bicycle, those pair of pedals might just earn you a healthy side hustle income.

120. Home-Based Makeup Services.

If you have a talent for helping people look their best, and know how to mesmerize with eyeliners and turn heads with lipsticks, consider using your beauty skills to pursue this easily profitable side business idea. For under $2000, you can start your own make-up artist business which can make for the foundation of a potentially lucrative side business idea that turns a profit largely by referrals and word-of-mouth from your happy customers.

121. Voice-Over Talent.

If you speak like James Earl Jones or Scarlett Johansson, quite a number of digital publishers (including game developers, animated film-makers, and training video producers) pay good money for voice talent and the time investment isn't too intensive—making this a great side business idea. You can find these publishers looking for voice-over artists on sites like PeoplePerHour, Freelancer and Upwork, as well as their calls for talent directly on their websites or through voiceover agents. If you do pursue this as a side business idea, be prepared to invest for the long-haul as it can be a very competitive industry.

122. Buying and Selling Cars.

Car flipping can be a fun way to turn your love for cars into a quick side business idea if you have the capital and a stomach for the inherent risk. Buying and selling cars is similar to other “buy low, sell high” business models, but the profit potential per hour invested can be very high. According to Jeremy Fisher at 3HourFlip, the trick is to learn how to make car deals come to you, so you can minimize your time invested and maximize your profit on each flip with this side business idea.

123. Small Business Marketing Consultant.

If you have experience with marketing, SEO or a knack for getting people excited about the products and services you use on a regular basis, think about refining your skills and putting them to work as a small business marketing consultant in your region—especially if you can become a local SEO expert and can help local clients rank higher in their search results as your side business idea. Businesses of all sizes are in constant need of bringing in more customers, which is where you come in with your business idea. Start by pitching some of these small business marketing ideas by Brian Downard and you'll be sure to impress the first set of clients you begin working with in your area.

124. Professional Organizing.

If keeping your home organized comes naturally and you enjoy helping other people, consider becoming a professional organizer as a side business idea. As the need for baby boomers to start downsizing grows, you can use your organizing and decluttering skills to start making an industry standard $50-125 an hour with very little startup costs and some free expert advice from Jen Kilbourne. Believe it or not, pro organizers don't just work with hoarders. More and more people are hiring professional organizers in order stop wasting time and money due to the stress of everyday disorganization. What's even better, is that you can take this on as a side business idea during the nights and weekends when your clients will be at home.

125. Rent Out Your Space.

People are always searching for one-of-a-kind venues for meetings, parties and weddings. Why not earn some extra money off the space you already have by renting it out for events as a side business idea? If you own a unique venue, like a studio, warehouse or boat, UK-based company Tagvenue will connect you with clients looking for somewhere special to host their event. Not a bad low-effort side business idea.

126. Build a Chrome Extension.

With nearly 100,000 different custom extensions both free and paid available in Google Chrome's marketplace, there's a huge opportunity for creating a useful extension for people to use while browsing the web as a low effort business idea. One of my favorite Chrome extensions, Yet Another Mail Merge, which enables you to send bulk customized emails from within Gmail, gives you 50 free credits to send emails and gives you the chance to upgrade to a paid account to unlock more sending—a great upsell for the people who are getting value from the extension. Even free Chrome extensions like SVRF Tabs by SVRF, which replaces your new tab with stunning VR and 360º images, have the potential to bring in new users and eventually drive revenue for the startup's core business. Another fun example from a friend of mine, Kathleen Garvin, is Hide images with NOPE, a Chrome extension that hides images on the web pages you're browsing—to help eliminate distractions and keep you from seeing images (like those of certain politicians) that you may want to hide. This side business idea is particularly great because it also allows you to showcase your development skills—which can be put to work as an adjacent side business idea on a freelance basis alongside the Chrome extensions you launch.

127. Floral Design.

Valentine's day. Birthdays. Weddings. The list goes on and on—throughout the course of a year, there are dozens of occasions when people need to order flowers. What's more is that once you're up to speed with this business idea, your costs can stay relatively low if you know where to source your flowers, and typical margins are in the neighborhood of 300% (or more) on cut flowers which makes this a particularly profitable side business idea in the right geographic area. Check out this amazing interview with floral designer, Sara Tedford of Ladybird Poppy to hear about how her floral design company started out as a side business idea of doing weddings and events for her friends and family.

128. Recycling.

Though certainly not for everyone, recycling the containers from products left strewn around on the ground can become a surprisingly decent side business idea if you put in the time. Attending events like street fairs and outdoor concerts can be a great starting place. Put on a clean shirt, jeans, apply your sunscreen, grab a cheap pick-up tool like this one, sturdy plastic bags, and you can sell them for upwards of $4.00/pound on eBay.

129. Litter Removal for Local Businesses.

Like recycling, this side business idea requires the willingness to get your hands a little dirty. If you enjoy working outdoors, then you can make a pretty good side income cleaning up litter outside retail, office and industrial properties—especially for businesses that have large parking lots that need regular cleaning. Property management companies need their properties maintained litter free and you can do so with an on-foot service using inexpensive equipment like this cheap pick-up tool and a broom. Charge for your time at $35 - $50 per hour and bill your clients the same contract price each month. For even more on how to get started with a litter removal side business idea, check out Cleanlots.

130. Brand Ambassador.

It sounds too good to be true—getting paid to represent your favorite brands at events across the nation. But, if you have a friendly and outgoing personality (a growing social media following helps too), you can forge a potentially paid relationship as a brand ambassador with companies who want to reach other people within your community with this side business idea. As a Brand Ambassador, you do anything from demoing the latest technology, to passing out free swag at music festivals, to going on nationwide tours, to pumping people up as a mascot, and more. Depending upon the gig, you can expect to earn anywhere from $18-$100/hr. You can get started as early as this weekend by joining the Brand Ambassador Facebook group for your nearest major city (e. g. join the "Brand Ambassadors of Seattle" group if you live in/near Seattle). Once you've been approved to the group, you'll get access to daily job postings from big brands and agencies with opportunities in your area. All you need to do is submit your resume and headshot to apply. For a step-by-step guide on how to get hired for the best gigs and the highest pay rates, I recommend checking out The Brand Ambassador Blueprint.

131. Career Coach.

Have you cracked the code for landing higher paying jobs at the drop of a hat? If you have a knack for helping your friends or co-workers navigate the process of finding their dream job, nailing an interview, negotiating a better salary or getting a raise at their current day job, other people would be willing to pay for your help too—making this a great side business idea that doesn't take too much time. Get started by sharing your advice on a personal blog and becoming a career coach on platforms like The Muse and Coach Me where there's already an existing audience of people looking to make a move in their careers. From there, keep your focus on helping people get real results, building case studies to support this side business idea, and eventually charging for the results you're delivering clients.

132. Selling Life Insurance.

Are you an extrovert that loves meeting new people? Selling insurance products—particularly life insurance—may be a great way to bring in some extra cash and build residual income in your spare time. Selling life insurance on the side could quickly generate a consistent $1,000 - $2,000 per month depending on how much time you invest in this side business idea. To get started you’ll likely want to take an online course to brush up on the subject matter, and then pass a state licensing exam. The biggest challenge you'll face as a new agent is generating sales beyond just helping out friends and family. From there, it’s all about networking and generating leads for yourself. Learn more about this side business idea with this getting started in life insurance guide from the team over at NoExam.

133. What Did I Miss?

Share in the comments if I'm missing any of your picks for the best side business ideas that you can start while working full-time! Bonus points if you've already gotten started on one of these business idea, and share the link to your website.

Want to find a profitable niche business idea this week? Join my free online course Find a Profitable Business Idea today.

Writer, side project aficionado, and part-time entrepreneur. Join me here, on ryrob and learn how to start a business while working full-time. Let’s chat on Twitter about business and side projects.

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Hi, I'm Ryan Robinson.

I'm a writer and part-time entrepreneur. I built my last side business to over $160,000 in 1 year while working a full-time job, and I'll show you how to do it too.

Kigali Airport.

Rwanda isn’t exactly a major world transport hub and, as a result, it can be an (expensive) pain in the ass to get to. Rwanda International Airport (KGL) doesn’t have a website which can turn finding out even simple bits of information into a really frustrating experience.

But that’s where we come in! I have just spent a soul-destroying afternoon of my life finding out all kinds of boring details about Kigali Airport so that you don’t have to. Yes, right now I want to shoot myself in the face… but I know this info will come in handy later, so I’m going to hold off on that.

Kigali Airport Information.

Unlike normal airports the world over, Kigali International Airport doesn’t seem to think it needs a website.

Flight Status Updates.

Kigali’s airport doesn’t have a website. It’s a small place… I’m not really sure what a website would say. But one useful thing would be flight arrival and departure details (plus other wonderful little bits of info). Well don’t worry because you can get all that wonderful information from the Kigali section of Skyscanner. Click on the ‘Departures/Arrivals’ aba. A useful little find.

There are only a handful of airlines flying into and out of Kigali.

* Bizarrely, Rwandair flights have been known to leave early. So beware.

Kigali airport is possibly the least intimidating airport I’ve ever been to. It’s small, compact, and arriving and finding your way out of the airport is easy. Plus people speak English and are friendly so there’s always someone around to ask your questions to should you start to freak out for some reason.

Getting Money.

Kigali Airport, while small, it does have a few practical things at the new arrival’s disposal. There’s an Ecobank ATM machine just as you exit the baggage claim area. This works with international Visa and Visa Debit cards but you’ll be out of luck if you don’t have a Visa-affiliated card.

But there’s a money exchange desk nearby so you can sort out your cash that way. Just arrive with some US (make sure the year is 2006 or later) fifty or hundred dollar bills. The rate decreases as the denomination gets smaller. I didn’t check the rate at the airport but the usual rate is around Rwf 600 to the dollar.

I didn’t check to see what other currencies are accepted so if anyone can fill us in, it’d be appreciated! But US$ are a safe bet.

Comunicação.

Everyone will have a mobile phone and people in Rwanda are nice (how’s that for two huge generalizations? Thought you’d like those…) so if there’s someone you need to get a hold of and you don’t have a phone, ask someone and they’re bound to help you out and let you use theirs. Better yet, if you have an unlocked, SIM-ready phone then stop being a freeloader and buy a local SIM card. These can be bought at the airport for about Rwf 1,000 and will give you a number instantly. Buy a top up and you’re ready to roll.

Transportation to Town.

Kigali’s airport is actually just on the edge of town so getting to other parts of the city really isn’t a big deal. Right as you walk out of the airport there used to be a road with taxis waiting. This has been barricaded recently but the driver’s are still hanging around offering taxis. If you get a cab here you can expect to pay around Rwf 10,000 to town. If you bargain a bit it could go lower, but not by much.

If you want a better deal, walk for two minutes (provided you you don’t have a crazy amount of luggage) to the road in front of the airport an flag a car down there. True, it might be a cab or it might just be some dude with a car, but Kigali’s safe anyways and you’ll be able to get to town for about Rwf 4,000 with a bit of bartering.

If you’ve got a backpack that’s smallish and lightish and like the wind in your hair then grab a moto taxi. You can also get these on the road in front of the airport, a short walk from the main gates. The bikes are small and I nearly killed my back this morning riding with a pretty heavy and awkward backpack from the airport to the cusp of Nyamirambo on the complete other side of town. But it only cost me Rwf 1,000… so back be damned!

Partidas.

Leaving Kigali? Mesmo? People do that?

Rates for parking at the airport are pretty expensive. Do I know what they are? Bem & # 8230; não. But I know it’s pricey. If anyone wants to chime in with the prices, we’d appreciate it!

Food & amp; Drink.

For anyone departing Kigali, know that the coffee shop upstairs pretty much blows, so if you’re looking for some cake, ice cream, a burger or a chilled cafe mocha or some other fancy coffee drink, make sure you get it at Bourbon before you find yourself trapped behind the security people. It is possible to go through security, check it for your flight, and then come back out to relax with a coffee and wifi… but you have to make sure you ask one of the guard people. I’ve asked once and it was no problem to get back out, and I didn’t ask another time and I was stuck inside and had to continue upstairs to a sun-soaked room with uncomfortable chairs and nothing to eat.

If you do get forced to go upstairs prematurely you can always buy a bottle of some strong stuff and drown your sorrows because duty free here is actually a good deal. I bought a 1 litre bottle of Amarula for Rwf 6,000. It’s usually more than double that price elsewhere. I didn’t shop around too much though so I’m not sure how other boozy, cigarettey and chocolatey items rate.

Be warned that if you’re flying on Brussels Air and have a connecting flight, your bottle could be thieved off of you by the security people as you pass through the x-ray machines again in Brussels. They told me that booze from other European destinations was fine, but not from Africa, for some reason. I didn’t have any problems getting duty free alcohol bought in Rwanda onto my connecting flight on Kenya Air.

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About Kirsty.

74 Comments.

There is also a new business class lounge in Kigali International Airport. It has comfortable seating, free wi-fi, snacks and drinks available, and even a bar where you can enjoy some drinks before a flight.

Thanks Sara! I’d actually meant to add that to the article and forgot. I think it costs US$25 to enter or if you’re flying business class then it’s free.

Hello I am going to Kigali in the first week of January. My flight is to arrive in Kigali at 1:50 PM. So I am thinking of worst case scenario here. What if my flight is delayed or cancelled and I end up getting a later flight that gets me to Kigali in the wee hours of the morning? And what if the ATM is not working or won’t read my card? Will the exchange desk be open late into the night so I get some currency to get a taxi to my hotel? I know this is a lot of assumptions but I always like to think worst case before I travel overseas. qual e sua OPINIAO?

I’m pretty sure there’d be some money changer open, no matter what the hour but I’m not 100% sure. Anyone else know?

If you’re stuck for money you can always ask your taxi driver to take you to Eco Bank or the Bank of Kigali in town. They both have 24 hour international ATMs. Or just bring US$ with you (not before 2006, I think, and anything smaller than a $20 note will get a lower exchange rate) and change them at your hotel when you arrive.

I wouldn’t worry too much but these are a couple of ideas if you do find you can’t get money at the airport. 🙂

I met a colleague at 12.30am the other week. The forex at the airport appeared to be open but there was no staff – strange. Anyway the rates they give compared to the centre of town is daylight (or 12.30am) robbery. There is no need to get a taxi driver to take you to the Ecobank ATM in town as the one at the airport accepts international Visa cards (only visa, not mastercard or amex or whatever).

What if you would like to leave Kigali international airport to Butare and you arrive like Vincent asked 1:30am. How do you proceed when you get outside-take a taxi to downtown and then take another BUS for Butare? Please help out as this will be my case when I arrive there in January from US and no clues about getting around after so many years.

I’m pretty sure that buses to Rwandan destinations don’t run during the night. I know that the last buses to places like Kibuye and Gisenyi are at around 6pm. So I’d guess that Butare would be the same. So I guess your options would be to spend the night at a hotel and take one of the early buses (I think they get going again at around 5am) or to hire a private car to take you from the airport… no idea what that might cost, though.

If u arrive at 1:30 am u will be obliged to take a taxi and go to a hotel. Bus for Butare are available in Nyabugogo Taxi Park and they commence to travel at 05:30 am.

Thanks, Dany and Kristy-really appreciate it. Yeah, I asked around and everyone said express buses run from Nyabugogo-don’t remember that location-but should remember as soon as I land! Can’t wait. Have been watching Y Tube videos about the sites and the surroundings. It is fascinating to experience the changes there are! Great feeback…appreciate again.

A friend of mine stayed at a place called ‘Okapi Hotel’ which she liked. It’s located just up the road from Nyabugogo. Actually, there are a few hotels and a hostel called ‘La Caverne’ (I think) on the street running between the main roundabout in town and the bus area.

I’m a Rwandan, any detail u need about the country, I can help u.

I have a 3 hours stop over at the kigali airport.. I need to know how much will i need just to buy a burger, drink or a small snack? How much in rwanda currency do i need? For one person meal? And is there wifi around the airport?

The only option at the airport is Bourbon Coffee who do light meals and I think burgers. I think they’re more expensive than the ones in town but a main is around $7 or $8 in town. Though they’ll have lighter things like pastries and samosas. So I’d say $10 should do it, depending what you want to drink. Yep there’s free wifi. There’s also an airport lounge for $30, I think with snacks, drinks, and wifi and comfy chairs.

Obrigado! will keep in touch. Okapi and La Caverne would be ideal to get up in the morning and easily catching the express bus to Butare. Hope these two accept credit cards as I am not sure if exchange stores are opened late at the airport or if I can’t ge Francs from ATM machine! How much a night by the way? Would their accept dollas by any chance if no Visa used there and I have no Francs?

In OKAPI prices vary accordingly with categories. OKAPI is ideal to get up and reach the taxi park where u will take bus to Butare. Here after are the current prices of OKAPI (breakfast is included)

Single Room: $60 USD.

Double Room: $70 USD.

VIP Room single: $70 USD.

VIP Room double: $90 USD.

Single Room: $45 USD.

Double Room: $55 USD.

Single Room: $35 USD.

Double Room: $45 USD.

Thanks, Dan1, I like your price breakdown! not very expensive. It won’t bother me at all as i will be expected to get up and catch early express bus anyway-seems like i won’t sleep-need a place for a coffee and TV to watch till time to get my bus. They will take US dollars-I guess, right! I might not have enough Francs on me or did not get a chance to find open foreign exchange site at the airport that late night. From the Airport, I will take a taxi to Okapi. Should I make reservation online, ahead of time or the room will be available for walk ins? I prefer to book it in advance so that all can be on the same page upon arrival-knowing the room, the price, and payment method acceptable there. Easy and smooth for everyone!

For more details go on okapihotelrwanda and try to book online. Will u come for tourism or for other reasons.

Will come for many reasons including traveling around the country when I get a chance. You can email me in future at bexas@yahoo whenever you ge an opportunity. Will follow up with you upon my arrival there. Again, thanks for the helpful info provided. I do appreciate it very much.

I will be coming to Kigali by next week and want to have some information. can you give me the budgeted hotels found in a walking distance from many Rwanda banks Head quarters specially bank of kigali and BCR and can you also let me know the good restaurants and their average price.

Muito obrigado antecipadamente.

I wanted to find out about the YFV requirement. I really do not want to get vaccinated. What will happen if I get to Rwanda and don’t have the proof YFV? Will they kick me out? Can I get it at the airport? What’s the likelihood of them checking for the vaccination certificate? If it matters I will be flying from JRO (Tanzania). Obrigado.

My flight arrives in Kigali on 3rd of July at 1930, but I forgot when buying the ticket that my visa is authorised for 4th July. Can I find a restaurant or bar to hang in until midnight so that I can cross the immigration after midnight?

I am faced with this exact scenario. I arrive 7:15pm Jan9 but my visa is “from” jan10.

How did your situation play out?

I am concerned about waiting to go through immigration incase the luggage carousel is on the other side and i am forced to leave my luggage on the carousel for 5 hours unattended.

Can you please tell me if I can spend a night at the business lounge. And how much does it go for?

My flight arrives in Kigali on 3rd of July at 1930, but I forgot when buying the ticket that my visa is authorised for 4th July. Can I find a restaurant or bar to hang in until midnight so that I can cross the immigration after midnight?

I’m not sure if you got my email or not, but you can hang out at the Pearl Lounge for $25, I think. Wifi, food, drinks, TV, comfy chairs… probably worth it after a long flight and it beats the hard chairs in front of the immigration desks!

No you can’t, not before passing Immigration. But if you ask politely enough if they could let you in a bit earlier it is likely that they’ll let you in. And they won’t even ask for a bribe.

No you can’t, not before passing Immigration. But if you ask politely enough if they could let you in a bit earlier it is likely that they’ll do it And they won’t even ask for a bribe.

Thanks for your quick advise.

Thanks for your advise, but is there a bar or a restaurant at the arrival area where I can hanger up until midnight?

Não, não há. The only bar is in the public area, beyond Immigration. I suppose you can curle up in a corner of the arrival area…just ask the officials at Immigration, they will let you in.

is kigali a safe place for foreigners ? and is kigali better than india ?

Kigali is definitely a safe place for foreigners from everything I have heard and every experience I have had since I have been here.

Not sure what you mean exactly by “better” than India, but it’s definitely safer. As a woman I don’t feel nearly as concerned here. In fact, I find that I use the same level of caution as I would at home in Vancouver in most instances.

The traffic isn’t as bad or as crazy as India and there have been no detours due to cows since I’ve been here. Plus it is far cleaner. That being said I found it easier to make friends in India and the views outside of Dharamsala are hard to beat.

I am looking at flying from Nairobi to Kilimanjaro via Kigali with a connection time of 1hr 5 mins in Kigali (with the same airline) is this enough time?

Yep that’s loads of time! The Kigali airport is tiny. Really tiny. I just make a 50 minute connection in Amsterdam, to give you an idea… and that place is huge.

Hi sorry for last minute question but if I take a flight thats’ arriving 1:30am at Kigali airport, can I sleep in the airport til 4:30am when I’m being picked up by a tour?

The airport has recently been renovated and is sort of a weird place. You kind of go straight from customs down to baggage collection and the straight out the front door. There’s a Bourbon coffee that I would assume is open 24 hours but I’m no sure. You could hang out in there, I suppose. Not so great for sleeping, though.

You might also contact the people from the Pearl Lounge – pearlassist/en/ It’s an airport lounge that I think is only for people leaving but I feel like it might also be open to arrivals. Or it used to be before the renovations. Anyway, it’s worth asking!

So in short… nobody will chase you off the premises but, as far as I remember, there’s nowhere good to sleep. If you don’t mind sitting and waiting though, Bourbon is there.

Thank you very much for quick information!!

I arrive 7:15pm Jan9 but my visa is “from” jan10.

I see Louis had the same situation.

I am concerned about waiting to go through immigration incase the luggage carousel is on the other side and I am forced to leave my luggage on the carousel for 5 hours unattended.

Can anyone tell me the lay out of the baggage claim immigration and customs?

Here in Vancouver you disembark, go through immigration, then claim luggage, then through customs, then exit airport.

Ei! Ya & # 8230; this is a weird one. Customs is a small area and wouldn’t be somewhere I’d want to hang around in for 5 hours. Try getting in touch with the Pearl Lounge. It’s the airport lounge and costs $30 and maybe they’d adopt you until midnight. Either way, if you do end up stuck in customs until midnight (I wouldn’t be surprised if they just let you through, though) then tell someone your situation and ask if they’ll look out for your bags. It’s not a busy airport and between flights they’ll wonder what you’re doing there and I’m sure someone will come to offer you solutions.

Worst case is you’re in customs for five hours and your bag goes around on the carrousel for a looong time. It’ll be claimed by someone and likely taken to lost luggage. There’s a little office in that same area.

I’m curious to see what happens, please keep us posted!

Hi Kristy! I’m arriving in Kigali next week (coming from the US) & locals had told us that we would be able to buy our visas for Rwanda at the airport upon arrival. Would we do that at immigration or customs? Also, will we be able to access the duty free store upon arrival of we want to pick up a gift? Obrigado!

Ei! There’s a visa desk in the room you’ll arrive into, towards the left. Then you go through immigration after, I guess. I’m not sure as I have a work visa. You can’t access the duty free area on arrival anymore as the arport layout has changed a bit.

Is there anywhere I can store some baggage at the airport whilst I wonder around Rwanda for a week in my flip flops.

Hey, love your site.

We are looking to add on a week in Rwanda and do some gorilla trekking.

Our flight gets in at 2330 and I am wondering your thoughts on getting a cab that night to a hotel.

we don’t have hotel (any recommendations) planned yet and didn’t know if any offered airport pick up.

we would head out in the morning up to PNV.

Getting a taxi is easy, just walk out the airport doors and you’ll start to hear people saying ‘taxi’. Just grab one of those guys who will help with your bags and usually speak English. There are always plenty there to meet the incoming planes. Flights get it as late as 2am and it’s never an issue finding a taxi. They’re official airport cabs and professional. You won’t pay more than Rwf 10,000 anywhere in the city.

Is it better to use USD or convert money?

Just go to an ATM at the airport and get out Rwandan francs. They’re used for everything… US$ is only really handy for renting a house or maybe car rental.

Is there any kind of little store at the kigali airport, or does anyone know where i can get a magnet and a little collector spoon from the country.

There is a little store with lots of souvenirs but I’m not sure magnets and spoons have caught on here yet. Maybe I’ve just never looked for them. Anyway, if there’s anywhere you’ll find them, it’ll be there.

Hello, I will be hanging around Rwanda in June for four days, before moving on. Do you know if the airport has lockers for baggage? You have a great site! Muito útil.

How much time in advance of departing flights should we get to the airport?

One trip we fly Rwandair, another trip we fly KLM. Obrigado!

I usually head to the airport 2 hours before.

Is there a souvenir shop in the airport?

Sim! There’s definitely one after you go through customs and immigration but I’m not sure if there’s anything in the outside areas of the airport.

can I buy a sim card at the airport? I arrive at 1am.

I have been asked to do some training in Rwanda for a few days – I am female, 57, white – would you think I would have any problems – é seguro? Have not really been in Africa before.

Kigali is one of the safest cities I’ve been to… out of a lot of places. You’ll be fine. 🙂

Hi!! I arrived in the morning to Kigali and I would like to visit the city before going to Musanze.

Where can I take the bus to Musanze?

Hi!! I arrive in the morning to Kigali and I would like to visit the city before going to Musanze.

Where can I take the bus to Musanze?

Buses leave from the Nyabugogo bus station every half hour or so. Any taxi will know the station.

Hi, I unfortunately left my laptop battery at the airport – the search area. How would i get a hold of it? I leave in Nairobi. Please assist.

hello, sorry if its been asked before.

we have an 16 hour wait between flights.

can you leave the airport , do you need a visa, can you get it on arrival. and how much.

Ah man… that’s brutal! I’d guess you can leave the airport if you get a visa but I don’t know a lot about visas since I’m on a business visa. I think it’s $50 and has to be arranged in advance online and then they send you a code or something to present to immigration. If you do get stuck there, spring for the Pearl Lounge for $35. It’s nothing special but you’ll be able to find a place to sleep and they have snacks and drinks.

Do you know if the Kigali airport currency exchange shop sells Ugandan Shillings and Congolese Francs? Would be great to be able to change for all I need at once even if the rate is a little worse. Thanks much.

I lost my wallet at the airport as I waited for a transit flight to Kilimanjaro. What’s the procedure for finding items lost at the airport?

Do you know if the Kigali airport currency exchange shop sells Ugandan Shillings and Congolese Francs? Would be great to be able to change for all I need at once even if the rate is a little worse. Thanks much.

Only Rwandan Francs. (I can answer my own question now that I’ve been.) No trouble changing for Ugandan or Congolese at respective land borders.

Hi Kirsty! I have a question for you too ! I am landing in Kigali at 1am, and my connecting flight is at 7am. That sounds like a pain, and it may not be worth getting out of the airport and looking for a hotel…. : - /

Is the airport open 24h ? Is it easy to find a comfortable and calm spot to sleep, maybe in the lounge…? thanks so much in advance for your help 🙂

I’m planning on arriving from Entebbe to Kigali on a Rwandair flight that gets in at 9:10p and then getting on a Brussels Airline flight to NYC at 11:10pm. These are separate flights, not officially “connecting”, so is 2 hours between these flights enough time to get on the 11:10p departure to JFK? Muito obrigado.

I wanted to find out what kind of shopping is available in the airport – are roasted Rwandan coffee beans on offer?

I am travelling from Johannesburg to Lagos and my stopover is at Kigali airport, I’m planning to buy alcohol from Johannesburg duty free. Will I be able to pass the security at Kigali airport with alcohol or will it be confiscated?

Can anyone give extra info about walking to get the cheaper taxi option from the airport? Do you just walk straight ahead? Any idea of the name of the road you should aim to get a taxi on? Obrigado!

If you look at a map you should see the main road, not sure of the name but nobody talks in names, really. There’s more security for coming in, but going out is easy, just ask someone to point you to the exit. There should be motos around. Taxies are cheap and trustworthy if you have bags, but about 8 times the price of a moto… but they’r eonly goo with a small bag.

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