[GNC-dev] book currency is what ... question mark

Thoma, Herbert herbert.thoma at iis.fraunhofer.de
Mon Feb 18 03:29:14 EST 2019

Just my humble opinion, see below inline.

Am 17.02.2019 um 20:50 schrieb Christian Kluge:
> Am 17.02.2019 um 19:58 schrieb Wm via gnucash-devel:
> Often times with cash transactions it happens that people use simple
> exchange rates which are nowhere near the actual rates. So I might be
> paying 5 EUR for a service worth 20 PLN according to the receipt, so you
> might assume that the exchange rate is 1 to 4, but the actual rates are
> in a range of 1 to 4.2/4.3.

If you paid 5 EUR for that service, then this is the only fact that
matters for accounting. Some account (bank or cash) is decreased by
5 EUR and some expense account is increased by 5 EUR. Nobody (at least
not the german tax authorities, if you want to report this expense for
tax purposes) cares that the service might be worth 20 PLN. You paid
5 EUR for it and that you need to record.

> So unless we’re talking about bank transfers or exchanging real currency
> there are situations where you’d want rates instead of the actual
> amounts exchanged.

The only thing that matters for accounting are the actual amounts

> I also wanted to add that the bug with not being able to see the
> currency exchange rates in the price list also effects me running 3.4
> with the sqlite backend.
> I can however add the rates to the list and they’re used in transactions
> and listed on balance sheets if requested.
> Kind regards
> Christian Kluge
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