Problem: Pay Bills quotes C$ for USA Vendors

[PetC]

I (in Canada) have been using QB Pro for two years and recently believed I needed multi-currency turned on since we now have USA vendors to pay (along with our current Canadian vendors). Entering in the vendor as using US$ currency and then entering bills in the US$ amounts went well. Later when paying these USA suppliers I paid what was displayed on the Pay Bills screen, A/P Account: 'A/P US$' displays. Payment was paid via our USA dollar cheque. On checking a few things I discover to my horror that all our USA suppliers are now overpaid, since NOW learning that QB does not display what the supplier bill actually says. It apparently does a conversion to Canadian dollars (when that is done is unknown - at entry, daily??), without asking or warning that the system has flipped the amount.
Is there a fix that will display in the Pay Bills screen the foreign suppliers' A/P in the exact amount they expect payment for? Of course, I want our overall financial picture to display correctly, if QuickBooks can do this. Thanks.

[kenilworth]

There are many problems with multi-currency, and you have discovered a particularly nasty one. Many Canadian companies with both Canadian and US customers and vendors don't use multi-currency and make adjustments themselves, to escape the tyranny of multi-currency. This makes a lot of sense now that the $CAN and $US are so close to par.

Unfortunately, you cannot turn multi-currency off. When your company file gets big, and you decide to start a new file, you might consider NOT using multi-currency. You basically just use a "Gain/Loss on Exchange" income account for adjustments.