tag:infinitekind.tenderapp.com,2009-01-14:/discussions/problems/57165-creating-foreign-currency-bank-account-currency-type-not-stickyInfinite Kind: Discussion 2019-10-25T08:11:59Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/477648212019-10-24T15:29:55Z2019-10-24T15:29:55ZCreating foreign currency bank account: currency type not sticky<div><p>Hi Hako,<br>
Thank you for contacting Moneydance support.</p>
<p>In Moneydance it is only possible to assign one base currency to an account.<br>
In your case you will need to choose the currency that is most in use or that you generally use as the base currency.<br>
To enter transactions with different currencies into the account, you will need to create categories that use the other currencies.</p>
<p>For further details on creating categories, please refer to <a href="https://infinitekind.tenderapp.com/kb/accounts-and-categories/create-edit-or-delete-categories">this article</a>, "Create, edit or delete Categories"in the Knowledge Base.</p>
<p>Also, it might be useful to see "Create, Edit or Delete Currencies" available <a href="https://infinitekind.tenderapp.com/kb/currency-and-vatgst/create-edit-or-delete-currencies">here</a>, as well.</p>
<p>The steps for entering different currency transactions into E.g.: a Travel cash card are:</p>
<p>Enter transaction, assign the correct currency category, this will unlock the foreign amount area in the transaction and display the exchange rate, lastly save the transaction.</p>
<p>Finally, you should install the Quotes and Exchange Rates extension. To do this, choose Extensions --> Manage Extensions.<br>
To update currency rates, you can use AlphaVantage or European Central Bank.</p>
<p>I hope this information is helpful. Please let me know if you have further questions or need any assistance.</p>
<p>--<br>
Maddy, Infinite Kind Support</p></div>Maddytag:infinitekind.tenderapp.com,2009-01-14:Comment/477648212019-10-24T20:23:31Z2019-10-24T20:23:31ZCreating foreign currency bank account: currency type not sticky<div><p>I'm sorry if I wasn't clear enough. I'm not trying to assign multiple base currencies to an account. I'm trying to create a bank account whose currency type is "British Pound". The account creation dialog provides a way to select from a menu of currencies. I have done this successfully with two other bank accounts, one using Euro and one using Canadian Dollar. When I select "British Pound" as the currency type of a new bank account and I leave the default for all other properties, and hit OK, the currency type changes to "Venezuelan Bolivar".</p>
<p>Never mind. As I was typing this response I went through the steps again, for the fourth time, and now I could not reproduce the problem.<br>
Sorry for erroneous error report.</p></div>hakotag:infinitekind.tenderapp.com,2009-01-14:Comment/477648212019-10-25T08:11:58Z2019-10-25T08:11:58ZCreating foreign currency bank account: currency type not sticky<div><p>Not at all!<br>
I'm very pleased to hear that, it you got this sorted in the end.<br>
I'll close this discussion for now, but do not hesitate to contact us again, if you need further assistance.</p>
<p>--<br>
Maddy, Infinite Kind Support</p></div>Maddy