We live in a world of many currencies; and this is especially true as cryptocurrencies become more a part of everyday life. These currencies change value in relation to one another (some much more than others) and this often can leave you with a less than clear picture of your finances. This month, we launched the ability to set a default currency for your workspace. This ensures that all values are displayed in the currency of your choice, making it easy to keep track of your net worth, diversification, currency risks, tax liabilities, etc.
One nice touch is the ability to see your past transactions converted at the exchange rate on the day of the transaction. This helps you understand how recurring transactions are changing with relation to your base currency.
If you’re not a “US Person” with foreign accounts, you can say a little prayer for those of us that are and then jump to the next section. On the other hand; if you are, you know that filing an FBAR is a cumbersome and time-consuming process, especially if you have multiple foreign bank accounts. Now you can automatically file your FBAR in just a few minutes with Canua.
Just connect your foreign accounts and run through a 4 question workflow. The best part is, as long as you keep your accounts connected, we’ll file your FBAR every year from now until the end of time. Automation FTW! Learn more about the details in our help center article.
Psst. If you’re not sure if you need to file an FBAR, you should figure that out ASAP. It's due Oct 17th this year.
Nothing major but certainly worth an honorable mention. You’ll notice that our transactions page is now a bit easier on the eyes. Each transaction also now shows more contextual information under the View More link. Depending on the type of the transaction we will show different information such as prices, transaction fees, or Etherscan links.
Remember: If you don’t see your institution supported in Canua please let us know! We’re always adding new data connections.