Unfortunately, QuickBooks does not allow you to send an invoice or journal entry if you have more than one foreign (non-home) currency in the transaction. This means that if Amazon converts your payment to a currency that is not your home currency, you have to take extra steps and use a clearing account.
In the example below, the base currency in QuickBooks is AUD. Amazon converts the Amazon.ca (CAD) payment to a USD bank account.
Step 1. Create a clearing account
Go to your chart of accounts in QuickBooks and select New to create a new account.
The currency of the clearing account should match the currency of the marketplace (for example, USD for Amazon.com, GBP for Amazon.co.uk).
Step 2. Link the clearing account to Taxomate
Go back to Taxomate. Go to Settings > Connections and select Manage marketplace mappings. Pick the marketplace next to Mappings for. On the Payout bank account row, select Change and choose the new clearing account.
The list shows accounts of type Bank, Credit Card, Other Current Asset and Accounts Payable first. If you do not see the clearing account in the list, tick Show all accounts or select Reload list.
Step 3. Send the journal entry or invoice to QuickBooks
Go back to your Settlements and send one to QuickBooks. You should see it appear in your clearing account in QuickBooks.
Step 4. Transfer the payment from the clearing account
When you receive the payment from Amazon and it shows up in QuickBooks under your bank account, you can transfer the funds from the new clearing account to your bank account. You can then match in your bank account.