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Business

Multi-Currency QuickBooks Automations

Learn how Caret simplifies multi-currency bill processing in QuickBooks with its powerful Transformation workflows.

Managing multi-currency transactions in QuickBooks can be a challenge, especially when dealing with invoices in different currencies. Caret’s new multi-currency workflow integration makes this process seamless, saving you time and reducing errors. Let’s dive into how it works.

Multi-Currency Workflow in Action

Caret’s Transformation workflow now supports bills in multiple currencies, such as USD and CRC (Costa Rican Colón). Here’s a quick demo of how it handles invoices from the same vendor in different currencies:

  1. PDF Import: Start by uploading a PDF of the bill. Caret extracts relevant data, including vendor details, currency codes, and line items.
  2. Vendor and Account Setup: The workflow checks QuickBooks for an existing vendor and account. If they don’t exist, Caret creates them automatically.
  3. Bill Creation: Caret generates the bill in QuickBooks, ensuring the correct currency is applied and all line items are accurately parsed.

Step-by-Step Demo

USD Invoice Processing

  • Upload the USD invoice PDF to Caret.
  • Run the workflow to extract data, set up the vendor and account, and create the bill in QuickBooks.
  • Refresh the QuickBooks bills page to see the newly created bill with detailed line items.

CRC Invoice Processing

  • Repeat the process with the CRC invoice PDF.
  • Caret handles the currency conversion and creates the bill in QuickBooks.
  • Verify the CRC bill in QuickBooks, complete with parsed line items.

Why Use Caret for Multi-Currency Workflows?

Caret simplifies the complexities of multi-currency transactions by automating key steps:

  • Accurate Currency Handling: Automatically detects and applies the correct currency code.
  • Time Savings: Reduces manual data entry and ensures consistency.
  • Seamless Integration: Works directly with QuickBooks to streamline your accounting processes.

Caret’s multi-currency workflow is a game-changer for businesses dealing with international transactions. Ready to simplify your QuickBooks workflows? Try Caret today!