- How to enable multi-currency function in QBO?
- Head to the Gear icon, then select Account and settings.
- Choose Advanced and go to the Currency section.
- Click on the pencil icon to edit.
- Select your currency from the Home Currency dropdown.
- Toggle on the Multicurrency switch, then confirm.
- Select Save and Done.
- How to generate/see profit & loss account and balance sheet in QBO?
- On the left of your QuickBooks Online (QBO), click  Reports .
- Select the  Profit and Loss  Detail/Balance sheet Detail  report under the  Business overview  section.
- Modify the reporting period to a specific month/year.
- Click  Run report .