Hi, 

I do accounting for an individual who has properties in USA. These properties have a corresponding USD account and USD expenses. There are funds transferred into the USD Bank account from a CAD bank account periodically. 

I am confused how Simply handles currency exchange. We have no vendors, etc we put everything through Journal entries. There is no "revenue" and only expenses.

Is it capable of setting up exchange rate on a daily basis and the transaction date will automatically calculate exchange gain/loss? or would I have to do that manually for each transaction?

Thank you!