FOREIGN CURRENCY ACCOUNTS

Want to discuss a current, upcoming, or wished-for feature? Please do so here. All ideas are welcome, but we're a small shop, and we have a zero-based feature budget. (Adding one means we can't add another at the same time).

Re: FOREIGN CURRENCY ACCOUNTS

Postby EivindFS » Fri Mar 30, 2012 5:39 am

+1 - I want this too.

My needs are a bit different though. I have a lot of recurring costs in USD and GBP because of different types of memberships I have. My local currency is NOK. I can't enter these memberships as scheduled monthly transactions because of changing interest rates. Doing so would screw up my numbers.

What I'd like to see, which should be *fairly* simple to implement, is support for me adding those costs in e.g. USD and on the day they are withdrawn, YNAB will do a database lookup to query the current exchange rate and convert the entered amount for me. That way, YNAB will help me keep my workload lower so that I can focus more on the actual budgeting itself.

I realize this usage scenario is a bit different and maybe even more marginal, but I think it would be a neat feature.

Cheers,
Eivind

I feel like I shouldn't have to manually enter all recurring costs simply because they are in a different currency.
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Re: FOREIGN CURRENCY ACCOUNTS

Postby Malisa » Fri Mar 30, 2012 7:25 am

EivindFS wrote: I can't enter these memberships as scheduled monthly transactions because of changing interest rates. Doing so would screw up my numbers


I 100% agree we need multi-currency support in one way or another. Here's a current workaround that lets you use scheduled transactions (not every facet of them, but at least lets you put them in as markers). It's the same thing I do with any of my variable bills like my natural gas bill or my paid in full credit card bill. I don't ever put the amounts in the scheduled transaction. When I know what I'll be paying next month, I put that in the memo field. Then, when it gets pushed to my checking account, I enter the amount in the outflow column. In my case, I also go back to the scheduled transaction and delete the outdated info in the memo. In your case you wouldn't have to. In your case you wouldn't have to, you'd have the approximate amount of the transaction in your primary currency in the memo field and when it actually is paid, you'd enter the actual transaction amount in the outflow in your register. (It's actually more like a membership account of mine where we subscribe to a shipment each month and all I know is that it'll be $50-something...so that's what's in the memo in my scheduler). HTH.
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Re: FOREIGN CURRENCY ACCOUNTS

Postby evaded » Fri Mar 30, 2012 8:35 am

This will good for me when I go on holiday...I guess until that happens ill use a separate ynab file..
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