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Old 04-08-2005, 12:48 PM
AJM
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Default Re: multiple currencies


"AJM" <sendnospam[at]btinternet.com> wrote in message
news:d35trv$lkr$1[at]hercules.btinternet.com...
- quote -

> <alastair.moore[at]etsi.org> wrote in message
> news:1112944958.933785.274140[at]z14g2000cwz.googlegroups.com...
> Hi all,
> I'm running Money 2005 and I want to set it up to manage my UK and my
> French account. I've set it up as ? being the base currency and my
> French account as the main account. I've added my UK account and set it
> as using British pound as the currency. When I set up the UK account
> and set the opening balance, then returned to the account listing, it
> had decided the value I had entered was in ? and so set a different
> value. When I then went back to set the opening balance to the
> equivalent value in euros and again setting the account currency as
> British pound, it for some reason set the balance for the account
> correctly but the sub total as the UK balance with a ? sign and then
> the overall balance was incorrect. It's very bizarre. Does Money not
> work too well with multiple currencies? Maybe I should try Quicken.
> Thanks,
> Alastair
> Hi Alastair.,
> I work with Money 2001. Sterling is my base currency of choice and I also
> operate accounts in several other currencies.
> As I see it you have a File for which you have set your base currency as
> the Euro. You have opened an account therein (your French account), which
> is denominated in Euro and the balances shown in the Account List or your
> Net Worth Report will be stated in Euro. You have then opened another
> account (your UK account) denominated in Sterling. When this account was
> opened you chose the currency and set the opening balance. At that point
> and subsequently the account register will show at the bottom of the page
> the Euro equivalent at the rate of exchange input by you at that time and
> that same Euro amount will be what is shown on the Account List and the
> Net worth Report.
> I hope this may be of assistance.
> AJM


Alastair,

In case any doubts may arise regarding what I stated about the Sterling/Euro
exchange rate I should perhaps have been more precise and stated "the rate
of exchange input by you at that time or subsequently". There is no rate
history in Money but for your Net Worth in Euro to be stated accurately on a
current basis it will be neccessary for all relevant exchange rates to be
amended to reflect their current market value.

AJM


 
Old 04-08-2005, 12:36 PM
AJM
Guest
 
Posts: n/a
Default Re: multiple currencies


<alastair.moore[at]etsi.org> wrote in message
news:1112944958.933785.274140[at]z14g2000cwz.googlegroups.com...
Hi all,

I'm running Money 2005 and I want to set it up to manage my UK and my
French account. I've set it up as ? being the base currency and my
French account as the main account. I've added my UK account and set it
as using British pound as the currency. When I set up the UK account
and set the opening balance, then returned to the account listing, it
had decided the value I had entered was in ? and so set a different
value. When I then went back to set the opening balance to the
equivalent value in euros and again setting the account currency as
British pound, it for some reason set the balance for the account
correctly but the sub total as the UK balance with a ? sign and then
the overall balance was incorrect. It's very bizarre. Does Money not
work too well with multiple currencies? Maybe I should try Quicken.

Thanks,

Alastair


Hi Alastair.,

I work with Money 2001. Sterling is my base currency of choice and I also
operate accounts in several other currencies.

As I see it you have a File for which you have set your base currency as the
Euro. You have opened an account therein (your French account), which is
denominated in Euro and the balances shown in the Account List or your Net
Worth Report will be stated in Euro. You have then opened another account
(your UK account) denominated in Sterling. When this account was opened you
chose the currency and set the opening balance. At that point and
subsequently the account register will show at the bottom of the page the
Euro equivalent at the rate of exchange input by you at that time and that
same Euro amount will be what is shown on the Account List and the Net worth
Report.

I hope this may be of assistance.

AJM




  #-1  
Old 04-08-2005, 07:22 AM
alastair.moore@etsi.org
Guest
 
Posts: n/a
Default multiple currencies

Hi all,

I'm running Money 2005 and I want to set it up to manage my UK and my
French account. I've set it up as € being the base currency and my
French account as the main account. I've added my UK account and set it
as using British pound as the currency. When I set up the UK account
and set the opening balance, then returned to the account listing, it
had decided the value I had entered was in € and so set a different
value. When I then went back to set the opening balance to the
equivalent value in euros and again setting the account currency as
British pound, it for some reason set the balance for the account
correctly but the sub total as the UK balance with a € sign and then
the overall balance was incorrect. It's very bizarre. Does Money not
work too well with multiple currencies? Maybe I should try Quicken.

Thanks,

Alastair

 

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currencies, multiple
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