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multiple currencies combined in net worth?

Unknown Member
edited October 2018 in

My accounts are all in USD with the exception of a single, new account in Euros. I want to know if the Euros are included in the Net Worth value, since it is expressed in dollars. This version of Quicken does not include exchange rate updating, so I am guessing the Euro data is just the addition of a symbol, but has no calculative value? Makes me wonder what other functionality is not behaving as one would expect. I understand only the Premier, Home & Business, or Rental Property versions include exchange rate updates -- this seems odd, given that my Deluxe version updates stocks and funds... adding exchange rates would seem to be a trivial addition.... Appreciate any advice or clarifications.

Comments

  • NotACPANotACPA SuperUser ✭✭✭✭✭
    edited October 2018
    Is the Euro account cash, securities, what?
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Unknown Member
    edited July 2016
    Agreed, Quicken is not for multiple currencies. They have a bare bones support, but reports/forecasting/simple totals/etc all don't work (and, worse, Quicken does not say the reports are incorrect, it just gives you the wrong totals!). Some reports are right, some are wrong, so it can be rather confusing.

    You should either set up two separate single-currency accounts or convert every transaction while entering (or use your own Excel spreadsheets).
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