Currency Options
From the options menu, the use can select Currency Options, which contains a set of application settings related to Currency handling and Exchange Rates.
- Default Currency – This option allows the user to set the default currency for use throughout the application. The selected currency will be used as the default currency in which all reports and displays will default to. Based upon applicable exchange rate values, totals, throughout the application will be adjusted based on this currency. See the Exchange Rates section for related exchange rate information.
- Remember Currency – When selected, this option will cause the currency of a new expense to be set to whatever the last currency that was selected when editing and expense or payment. This is useful when traveling to different countries since the new currency is typically going to be used for a number of transactions before returning to your default currency.
- Auto Update – When enabled, this option will cause the application to look up the current exchange rate from the internet each time that a new currency is changed while editing an expense or payment.
Exchange Rates
Selecting Exchange Rates will bring up a list of exchange rates that are defined within the application. Users have the ability to update exchange rate information, define new exchange rates, and delete exchange rates. The exchange rates that are defined within this portion of the application are used to perform various currency calculations.
- Add - To add new exchange rates, select the add button. This will display the add/edit exchange rate screen. This screen will allow the user to select a from currency, to currency, and the rate used to convert from the one to the other. This screen also allows the user to update the exchange rate from the internet.
- Edit - To edit an exchange rate, touch an exchange rate. The screen will display the selected exchange rate information in the edit window as is described above.
- Delete - To delete an exchange rate, “Left Swipe” an exchange rate. Once prompted, select the delete button to finish the delete. Warning: When an exchange rate is deleted, it is no longer able to be recovered.