Introduction

Approach

This is based on an approach that I've been using manually for several years and found to work very well for our family budget which crosses three different currencies and involves a lot of foreign transactions and transfers (after trying a few other ways first).

The approach boils down to:

For example, if

the Euro difference account would hold $10.00, since

If you create a €10.00 transaction, a corresponding transaction for $1.00, with the same payee and category, will be created in the Euro difference account in order to keep its balance correct.

Limitations

Next: Accounts

 


Copyright © 2019-2020 Emanuel Borsboom | Help | Privacy policy | Contact us | Patreon | Uptime
This app is not a part of the official You Need A Budget product.