So this is a little tricky.  Here's the scenario.

  • You are running a multicurrency QBO file.  
  • You are using Plooto to make payments
  • You are using Plooto to make payments in a currency other than your home currency
When Plooto pushes over the transaction of the payment of a bill to QBO, it defaults to a 1:1 exchange rate.  However, QBO will still determine what the actual $ exchange is and posts an entry to an Exchange Gain/Loss Account on the P&L. 


To correct this, you need to open the transaction in QBO and manually change the exchange rate for that day. This will clear the balance from the Gain/Loss Account as well.

Learn more about Plooto.

Updated: April2017