Sotcks in different currencies with differents bank accounts
currencies
Nicolas Scheffer
nico at airboum.net
Fri Apr 15 13:09:13 EDT 2005
Derek,
Thanks for your answer.
Yes i would like to have some enhancement trough a patch to be able to
use all my accounts correctly.
To be sure regarding my requirements, here is a sort of summary:
I am using Gnucash with the Euro as a default currency and also in all
report.
I have two bank accounts:
- one in Euro, Bank A
- one in USD, Bank B
I have three brokers for trading:
1) one in Euro when i buy stocks in Europe linked to Bank A
2) one when i buy stocks outside Europe (mainly US) linked to bank A <-
working only if i enter each USD transaction converted in Euro,
fetching price stocks and report are working
3) one when i buy stocks in the US only (USD) linked to bank B <- not
working at all, if i enter the USD price report are wrong when i update
stocks price, normally i should be able to enter the transaction with
the origin currency (USD) and got the report converted to my default
currency <- not working
--------------
1) is working perfectly
2) is working only if i convert the origin transaction (USD) to Euro
before to enter it, but it could be better if i could enter it in USD
directly, because when i define the stock the currency is USD, why i
need to enter it in Euro to have it working ?
3) is not working at all.
Thanks a lot for your help.
Regards
Nicolas
On 15 avr. 05, at 14:48, Derek Atkins wrote:
Nicolas Scheffer <nico at airboum.net> writes:
> Derek,
>
> Is there a change to have the implicit and explicit exchange rates to
> handle my current problem ?
No. At least not in any short timeframe.
> Or it's a current real limitation on GnuCash ?
Yes. Maybe. There are potentially three "currencies" in every
two-split transaction:
1) The "currency" of account A
2) The "currency" of account B
3) The Transaction "common currency".
At this point there is no way for the user to set #3. If you're
working from a currency-based account then #3 is set to the same
currency as that account (e.g. if you're in a USD Bank account then
transactions are created with USD common-currency).
However if you create txns in a non-currency account (e.g. Stock
account, or the General Ledger) then Gnucash "chooses" the locale
currency as the the txn common currency.
I don't know if making this currency visible to the user would
aleviate your issue. Regardless, the restriction that all txns in a
particular account are denoted in the account commodity will never go
away.
> I suppose i am not alone to have different bank accounts with different
> currencies (USD and Euros) and handling stocks on both bank account
> with different currencies ?
You're the first person that I've heard speak about it. If you want
it done, I suggest sending in a patch.
> regards
>
> Nicolas
-derek
> On 21 déc. 04, at 22:18, Derek Atkins wrote:
>
> Nicolas Scheffer <nico at airboum.net> writes:
>
>> Derek,
>>
>> Regarding you first answer my bank account is Euro and if i buy USD
>> stocks trough this bank account, why i cannot apply an exchange rate
>> like expenses on a bank account ?
>
> Your Euro bank account can only handle Euro transactions. You can't
> translater between Euro, USD, *AND* a stock in one transaction.
>
>> For the second answer, if i fill the transaction trough the bank
>> account i will have also an exchange rate window or i will have the
>> same problem ?
>
> You should get the exchange-rate dialog.
>
>> Maybe i do something wrong to setup my different accounts (stocks,
>> banks, etc..) or does the current conception of Gnucash is not perfect
>> to handle such case ?
>
> Gnucash does not handle implicit exchange rates, which is what you're
> asking for. GnuCash also does not handle explicit transaction
> currencies, which is also what you're asking for.
>
>> Regards
>>
>> Nicolas
>
> -derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
warlord at MIT.EDU PGP key available
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