iCash lets you mix accounts in different currencies. Each currency is identified with its standard ISO symbol which uniquely identifies it, a textual description and the exchange rate with respect to the default currency. ISO codes are made of 3 characters, for example USD for US Dollar, EUR for Euro or CAD for Canadian Dollar. Each account you hold can only use one currency. Currency conversions are handled by transferring money between accounts with different currencies.
Each currency has a given exchange rate with respect to the default currency. This enables iCash to calculate the exchange rate in between any two currencies. You need to select the default currency when first using iCash.
Most of the currency management is handled through the currency editor. You can access it opening the Edit | Currencies menu. The currency editor enables you to add new currencies, delete them and manipulate existing ones. You can select a currency from the list and then edit it or remove it. It also allows you to update rates through the internet by clicking on the 'Update Now' button or to update a given currency rate by selecting it on the list, right clicking and selecting the 'Update' contextual menu.
You have the following options:
Adding a new currency
Delete an existing currency
Change the currency code or description
Alter the exchange rate
Update the exchange rates through the internet
Set a currency as the default or base for rate calculation
Symbol: When adding a new currency, you can save time by selecting it from the pull-down menu on the right of the symbol field. That way you will use the right ISO symbol and description. You just need to enter the rate and formatting settings.
Rate: You can enter the rate as a division or a multiplication. The result is displayed on the right.
Formatting: Set the number format, decimals, thousand separator, symbol and symbol position.
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.