help with foriegn currency
Andrew Sackville-West
andrew at farwestbilliards.com
Sun May 15 14:29:14 EDT 2005
reading this, and another response, seems to me its probably easiest to
buy your currency, expense the whole thing and then when you return and
sell your remaining currency, charge it back to that expense and be done.
this is based on the assumption that you're on vacation and are using a
limited amount of record keeping for the trip. For me, a vacation
expense is a vacation expense is a vacation expense, so if I buy $1000
worth of GBP and then sell the remaining amount back at the end of the
trip and get say $200, then I've spent $800 on the trip and I don't care
what that is in pounds.
obviously this doesn't work for anything much more sophisticated than
that....
A
Rob Latham wrote:
> Hi
> I'm going on a trip and recently purchased some foriegn currency. I'm
> trying to figure out how to best record this in gnucash.
>
> I've read the "multiple currencies" chapter
> http://www.gnucash.org/docs/v1.8/C/gnucash-guide/chapter10.html
> and saw this note, which sounds like what I want to do:
>
> You could also setup just a single Starting Balance account
> and use a currency transfer to populate the "different
> currency" accounts. However, this is more advanced option,
> which is explain in a later section.
>
> I may have missed it, but I could not find the "later section".
>
> I added an exchange entry in the price editor, but when I make a
> transfer from my USD denominated account (dollars) into the GBP
> denominated account (pounds), the transaction shows up with a blank
> ammount in the pounds account.
>
> I bet i'm missing something. Any hints?
>
> Thanks
> ==rob
>
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