The Net Worth report isn't correct
Jean-Claude
Quicken Mac Subscription Member
The Net Wor[th] calculations are wrong. When using a multi-currency portfolio, the net worth converts all the currencies to 1 vs. the USD. So, if one has an asset in yen, its value in the net worth calculations is multiplied by a 100 approximately. So end value of the net worth is totally wrong.
The net worth by periods (year, quarter, etc.) doesn't aggregate the values but rather gives the summary by currency independently from each other. So, the total is correct but no aggregate number.
Does someone knows if Quicken is working on addressing these issues for the upcoming updates?
The net worth by periods (year, quarter, etc.) doesn't aggregate the values but rather gives the summary by currency independently from each other. So, the total is correct but no aggregate number.
Does someone knows if Quicken is working on addressing these issues for the upcoming updates?
Tagged:
1
Best Answer
-
Quicken Mac has never fully supported multi-currencies. It allows them, but in multiple areas of the program, as you've noted, it doesn't really support them. There is a long-running Idea thread on this site asking for such functionality. The good news: the developers have marked it "Planned", meaning they agree and have this on their roadmap for future development. The bad news: we have no idea when such functionality will be released, as Quicken never shares a timeframe on features which are being worked on or are planned for the future.Quicken Mac Subscription • Quicken user since 19932
Answers
-
Quicken Mac has never fully supported multi-currencies. It allows them, but in multiple areas of the program, as you've noted, it doesn't really support them. There is a long-running Idea thread on this site asking for such functionality. The good news: the developers have marked it "Planned", meaning they agree and have this on their roadmap for future development. The bad news: we have no idea when such functionality will be released, as Quicken never shares a timeframe on features which are being worked on or are planned for the future.Quicken Mac Subscription • Quicken user since 19932
-
Thank you, Jacobs1
This discussion has been closed.