Thanks for your quick reply. I hope you don’t mind the many comments I made during the weekend :). I am very enthusiastic about Manager and impressed by what you have achieved so far.
It is indeed like if Manager immediately converted the EUR amount into USD (which is indeed correct if the employee account is exclusively in USD). It seems to be done the same way for expense claims sub-accounts.
I would really need the possibility to specify different currencies in Payslip items (as per my post here How to specify currencies in payslips), Employee clearing sub-accounts, expense claims and more generically in journals.
For example, Manager would automatically create the following internal sub accounts if any USD or EUR transaction happens:
- “Employee clearing account > John Doe > EUR”
- “Employee clearing account > John Doe > USD”
It would not be necessary to alter the current account selection dropdown, as currency would be already selected in another field.
If you can already handle this internally, it would be worth adding these fields by default for those who enable multi-currency. I know a lot of people who have left or did not consider Xero because of its very poor multi-currency support (of which I am sure many would be amazed by Manager). I am one of them and hope Manager can become the holy grail.
To keep the current immediate FX conversion feature you described, you could add an explicit checkbox in the expense claim or payslip form like “Convert using day’s exchange rate (no currency gains/loss will be recorded)”.