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iCash - Personal Finance | Frequently Asked Questions

iCash - Personal Finance

Frequently Asked Questions

Compatible with MS Windows Compatible with MacOS


How iCash applies currencies and rates?
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.


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