Changing money owed due to exchange rate?

Discussions about iCompta on macOS
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Stru
Posts: 1
Joined: 21 July 2015, 15:07

Changing money owed due to exchange rate?

Post by Stru »

I have 2 bank accounts listed in icompta, a singapore account in SGD and a british account in GBP.

Some times i will cover a bill in SGD for friends, i then split it this out to each of them and they will pay me back into my british account in GBP. This works fine on the day i update Icompta but once i come back to update my accounts again say a month later there will normally be a money owed appearing under persons name.

Is this due to the changing exchange rate and as so the amounts owed have changed a little?

at the moment my work around is to have a fake transaction to compensate for what ever the new money owed is each time I open icompta.

Is there another way to fix this? or a way to freeze a transaction at a certain exchange rate once paid back?
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Angeman
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Joined: 28 December 2008, 21:28
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Re: Changing money owed due to exchange rate?

Post by Angeman »

Yes this is because of the exchange rate. To avoid that you can set the currency of your person account and the currency of your friends accounts to GBP.
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