Foreign currency and exchange rate swings can mean the difference between black and red ink for a company. If multicurrency is not tracked in real time, a business can go “out of business” because problem areas are not detected and remedied before it is too late. If you’re purchasing components in foreign currency to create your products or services that you sell, the price that you charge for your products and services must be calculated properly to allow for the foreign input costs and to yield a profit. Profitability needs to be tracked on all items in real time, so that prices can be changed when necessary, and perhaps input costs can be renegotiated to allow for the exchange rate variations. Businesses must use QuickBooks correctly, and users need to be taught how to use the multicurrency function properly. Businesses also need coaching on which is the best version of QuickBooks to use in order to track multicurrency for their unique situation properly.