If you have accounts payable or accounts receivable in a foreign currency, you may need to keep track of the effect of changes in exchange rates on your foreign balances. Note: Home currency adjustment is only available in QuickBooks Online Essentials and Plus What is a home currency adjustment? How do I create a home currency adjustment? What is a home currency adjustment? Home currency adjustments change the home currency value of your foreign balances, recalculating them based on a new rate. These adjustments affect your balance sheet accounts. Until you recalculate the home currency value of your foreign balances using current exchange rates, your reports show the home currency value based on the exchange rates you used at the time of each transaction. At the end of a reporting period, when you need your financial reports to show a current home currency value of your foreign balances, you can enter a home currency adjustment. We show the effect of a hom...