Question

Your client has been in touch to ask how they can deactivate the multicurrency setting. How would you respond? Choose the correct response: 1.To deactivate the multicurrency setting, you need to select Gear icon and Account and Settings, then select Advanced, select Multicurrency, deselect the checkbox and then select Save 2.Once multicurrency has been activated, it cannot be deactivated 3.Only Administrators can deactivate multicurrency

Answer 1

Answer: 2. Once multicurrency has been activated, it cannot be deactivated

Explanation:

Quickbooks is an accounting software mostly for small to medium businesses.

One of the features they offer is the multicurrency setting which enables users to record transactions in a host of foreign currencies.

This feature however requires care to be used simply because once it is turned on, it cannot be deactivated. For this reason Quickbooks warns the user several times before they activate it.