[GNC] Income Statement versus Transaction Report

[David Cousens]

Fred,

You may need to look at the report options for the transaction report to ensure
they match the settings used for the income statement report particularly the
setting for beginning and end dates and the account settings.

David Cousens

On Wed, 2023-07-19 at 19:26 -0700, Fred Tydeman wrote:
> In looking at Income Statement versus Transaction Report for just
> Income accounts for all of last year, the numbers do not match.
> 
> My main currency is USD.  However, for this file, all the income
> was in COP.  Now, during the year the number of COP / USD varied
> a lot: from around 3748 to 4846; year end was 4846.
> 
> For Report Options, I am picking:
>    Commodities: Price Source: Last up through report date.
> 
> It appears that the Income Statement sums up all the COP
> for the year and uses the year end COP/USD value.
> 
> While the Transaction Report uses the month end COP/USD value
> for the transactions in that month.
> 
> I believe that the US tax people want foreign transaction values
> converted to USD at the time of the transaction (not use the
> year end COP/USD value).  So, I think the Transaction Report
> has the correct values.
> 
> Is there a way to have the Income Statement use values like the
> Transaction Report?
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