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Multiple Currency Questions

 
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Author Message
Kay



Joined: 21 Jun 2006
Posts: 1

PostPosted: Wed Jun 21, 2006 11:18 pm    Post subject: Multiple Currency Questions Reply with quote

Hi,

first of all I like the program and after years of Quicken and Quickbooks it's quite enjoyable.

The main feature I need is the multiple currency support and this doesn't seem to work as I would expect. The manual/help isn't very detailed on that matter either.

I have to deal with 3 currencies daily and 2 more on a monthly base.

Question one, how do I set my base currency? I concluded that the currency I set with exchange rate 1 will be my base currency (in my case EUR).

I expected that, if I set up the other currencies and enter the exchange rates (manually Evil or Very Mad ), any transactions between accounts in different currencies would automatically pull up the respective exchange rate. This doesn't happen and I have to type them in manually for each transaction or copy/pase them from an excel sheet.

Second, when I am entering transactions between accounts in the same currency, the exchange rate from that currency to the base currency doesn't come up automatically either. E.g. I entered an expense today and a small lunch bill in local currency ended up to be taken 400 Euro Shocked
In the transaction view, I see in this case above the rate field the currency code|(Def). I would expect to see e.g. USD|EUR if I 'm working in a USD account.

How do I get iCash to use the rates I entered into the currency sheet?

Another question, why can't iCash download the exchange rates from the internet? Is this functionality planed and when?

Thanks for any input.
Kay
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