Multi currencies transfers, long standing bug
Hello,
I can transfer an amount from a CAD account to a USD account, and it creates and it offers to create an unlink transfer
which is fine, since no enhancement has been made to multi currencies on Quicken Mac ( 7.4.2 and all previous versions
I can then change the destination amount to the real amount that will be transfer by my Bank ( I changed from $73.63 to $70.00
As you may know Banks do not use the official Currency exchange, but use its own exchange rate if you convert from USD to CAD or CAD to USD, each Bank use their own different rates for Buy or sell currencies.
The problem is that when I change the Destination amount to the real amount my Bank will transfer, it does not change the Exchange rate in the "second box" in the example above
and a note will appear, in the unlink transfer memo
Which is wrong, as it si not the rate that was applied by the Bank
Quicken for Mac should, when we change the Destination amount, change the exchange rate ( which is not editable ) so the memo in the register would show the real exchange rate that was used
Since Quicken does not seems to be eager to have enhanced multi-currencies ( real multi-currencies as in Windows ) it shouls at least fix this small problem, bug, which I think can be easely fixed
Thanks
Comments
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@Gilles9 good morning.
I too have noticed this and note:
i) As in all things Quicken Mac patience is needed as they continue to build it out.
ii) As a workaround — and it is not a great one - I enter all CAD / USD transfers manually which allows me to enter the F/X at a (or anything else for that matter) in the memo which does get overwritten the downloading the transaction from the bank.
I hope this helps.
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Thanks Joel
Yes I do as well change the exchange rate in the register's memo manually to show the real exchange rate
I think that changing the Destination amount shoudl chage the exchange rate automatically
Yee patience is indeed needed, but fixing small things like this should be done rapidly
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I think that changing the Destination amount shoudl chage the exchange rate automatically
It is my experience with Quicken for Mac that this does occur (i.e., for transfer, changing the memo field in one entry DOES change the memo field in the related / second entry).
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When you look at my example in my post above, the exchange rate does not change when changing the destination amount
Well we shoudl let Quicken address this in the best manner and rapidly I hope
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@Gilles9 agreed that it does not change in your case. I suggest entering a dummy transfer transaction to see whether it not changing is always the case or sometimes the case with your entries because the behaviour I experience is different.
In terms of Quicken fixing it, don't hold your breathe that it will be rapidly. Just saying!
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Just f.y.i. … in Quicken for Windows, the Memo field contains the other currency's transaction amount, not the exchange rate.
Suggesting that Quicken Mac programmers make that same change for both sides of the transfer.
This example shows a transfer of 515.32 Euros into my US-$ Checking account.
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Hello All,
Thank you for taking the time to visit the Community to report this issue, though we apologize that you are experiencing this.
We have forwarded this issue to the proper channels to have this further investigated. In the meantime, we request that you please navigate to Help > Report a problem and submit a problem report with log files attached and (if you are willing) a sanitized copy of your data file in order to contribute to the investigation.
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Yes and no.
The example I gave applies to a manually recorded transfer transaction between accounts of different currency. In this case, the transaction amount in the foreign currency is stored in Memo text and the user can add more text when needed.
I only have scheduled reminders which I record into my account registers BEFORE I accept downloaded transactions. While doing so, I need to look up how much, in US$, was deposited into my checking account so that I can record both the correct € and $ amounts while recording the transaction.
When accepting the downloaded transaction into my $ checking account, there already is a register transaction to match to. Quicken for Windows will not overwrite or append downloaded Memo text into the transaction's Memo text if there already exists some Memo text.0
