When you are invoiced by an overseas vendor in USD, you may not need to set up QuickBooks multi-currency.
When you are invoiced in a foreign currency and would like to record the foreign exchange gain or loss then multi-currency may help you.
Here is a link to the QuickBooks multi-currency setup guide and some of the important considerations to make before switching it on.
Still need help? You can chat or call our Customer Success team here.