First you have to understand we have two kinds of accounts in iCash, Assets and Money Flow; in the overview panel they correspond to the 'Balance' and 'Profit and Loss' root folders respectively. Assets accounts are 'Banks', 'Portfolio', 'Assets' and 'Debts', they represent what you own at a given time. Money flow accounts are 'Incomes' and 'Expenses', they represent and display a flow of money up to a given date.
There is a great difference between a flow account and an asset account when dealing with currencies and rates because a flow account display a flow of money during a given period and an asset account display what you own at a given date. That means the flow amount is the result of many transactions added at different dates with different rates however assets balance is specific to a single date, usually today.
As a result, currencies and rates are not applied the same way to Assets and Money Flow accounts:
Because you own your assets, iCash will display your Balance using the rates from the Currencies window. Those rates are supposed to be up-to-date. Use the 'Edit | Currencies' menu to access and update rates.
Flow accounts/categories/types amounts however will be computed and displayed using each transaction rate.
iCash is a software intended to control your personal finance, keeping track of incomes, expenses, credits, debts and Banks transactions for you. As simple as creating the accounts you need and move money between them! You don't even need to know about accounting or even care about it! Your finances depends largely on good organization that lets you know where your money comes from and to where it goes.
iCash is an easy-to-use, full featured and multi-purpose Personal Finance Manager tool for macOS and Windows intended to help you control all kinds of money issues. iCash can serve several small accounting needs for either private users, or clubs, associations, self-employed, small businesses or simply to be used at home, making keeping track of incomes, expenses and Banks transactions a snap.
With a few clicks you can begin creating accounts and making transactions in minutes.
iCash is versatil and user-friendly. For this reason it doesn't use the principle of double-entry bookkeeping making it much easier to be used by people with very little or no accounting knowledge at all.
Simply create accounts for all your expenses, incomes, Banks... and start moving money between them! iCash will then allow you to find out where all your money comes from and where it goes. All accounts are well organized according to user-defined categories and built-in types so reports can be tailored to include all records or only ones meeting specified criteria.
Cash also allows you to have as many money manager documents as necessary so you can control almost anything from Clubs, associations, home and so on at the same time.
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