How do I change the currency for an expense?
When creating an expense, Expense IT gives the user the ability to select any currency that has an exchange rate defined for it, from the default currency. For example, if we have the following currencies defined within Expense IT:
- USD
- CAD
- EUR
Then let’s assume that my default currency is USD.
Finally, assume that I have the following exchange rate defined:
- USD->CAD
When I create an expense, I am able to press the currency symbol just before the expense amount field to pop up a list of currencies to select from. The list will contain the following currencies:
- USD
- CAD
Note that EUR is not shown even though it is a valid currency. If I want to be able to choose from EUR as well, I will need to create an exchange rate from my default currency, USD, to EUR. Once this is done, I will have three currencies to choose from while creating an expense:
- USD
- CAD
- EUR
For instructions on creating an exchange rate, click here.