Multicurrency reporting

[Annerobertson]

When I run a profit and loss report (general ledger detail level) in my default currency - UAE dirhams the subtotal doesn't properly reflect payments made in USDollars. Example:

I paid travel expenses of dirham 10,000 and USDollar 5,000. Instead of converting USD5,000 into dirham 18,350 for a total of dirham 28,350 the report shows travel expenses of 15,000. I get the same total travel expenses of 15,000 even when I run a summarized report that doesn't show that some of the payments were not in the default currency.

Please help! I am very confused and frustrated!

 

[stanbusk]

The previous forum entry is for the same issue and includes the solution.

 

[Annerobertson]

Thanks, but where do I find the previous posting?

 

[stanbusk]

http://maxprog.com/forum/viewtopic.php?f=4&t=5981

The problem is all about the default currency, in the account manager all the accounts using the default currency should display 'Default' in the currency column and not a currency symbol.

 

[Annerobertson]

I went to account manager and all accounts were in default except the two cash accounts that showed USD and EURO. Can you supply further help?

 

[stanbusk]

Have you been in the currency panel? Have you set the default currency and updated all rates?

 

[Annerobertson]

It fixed it when I went to currency and updated. But i'm curious - when I log in I see a message that says updating currencies. Why do I have to do it manually?

 

[stanbusk]

In there iCash preferences, second panel, there is a setting to make iCash to update rates at launch.