Currency calculations
Hi,
An area of frustration when trying to balance the bank accounts is the currency rate. It's never right to match the actual amount paid (although I will admit it's close). Ideally, when processing expenses that are in a currency different from the bank being paid through, I'd like to be able to enter the actual amount that left bank account.
At the moment I have to sit there with a calculator and work the actual rate out for each expense and update the currency rate to match, otherwise, I can't reconcile the bank accounts without creating a load of messy adjustments. And don't even get me started on the hoops I have to jump through to make the different PayPal currencies match!
Or another idea, and potentially a better one actually, would be that when matching the bank transactions the system just works out what the rate should have been based on what you are matching it up and updates the rate automatically. I seem to remember Xero worked similar to this on their bank rec.
Mark
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