Foreign Currency Accounts Summation Problem
As seen above, the account balances for foreign currencies in the transactions page does not sum correctly for the selected account. The actual transactions in this account currently sum to 0CNY which is correct in the dropdown but incorrectly shows as 18.61USD. In reports, the conversion is correct for each line item, however the summations are incorrect between the ending balance and the total account change:
Additionally, wave just doesn't handle currency conversions well throughout the entire app. Every time I move money between accounts, like drawing cash out of an ATM, the conversions are never correct and I have to manually adjust the entries. If you ever have to add a past transaction where the exchange rate might have been different that day, Wave seems to use the current exchange rate. You then have to add a journal transaction to account for Unrealized loss to balance everything. Essentially, there is no good way for handling foreign currency moving between accounts as Wave is not accurate enough.