Key concepts

Currencies

Currencies in YAFFA: set the scene for reports and insights

YAFFA supports the usage of multiple currencies, while a base currency is set to be the common gateway between all the transactions and the reports and dashboards. YAFFA offers the convenience of downloading daily exchange rates for all tracked currencies against the base currency. (This feature requires the setup of CRON jobs to run Laravel scheduled commands.)

Multi-currency support does not limit the user to the preset or downloaded exchange rates: for transfer transactions between accounts with different currencies, users can specify amounts in both currencies, enabling custom exchange rates for accurate financial representation.

Some notes on the currencies

  • Account Association: Currencies are primarily assigned to accounts, shaping the context for all financial transactions within those accounts. Learn more about accounts.
  • Investment Integration: Investments are seamlessly integrated with currencies, ensuring that investment transactions align with the currency assigned to both the account and the investment.

Add and manage currencies effortlessly through the Assets / Currencies left navigation item.