[GNC] Feature Request: Add Support for Functional Currency Amount in Transactions

[Derek Atkins]

Back around GnuCash 1.4 each split had a home currency / value.  It was 
removed in 1.6.  The argument at the time was that if you're holding a 
handful of, e.g. Mexican Pesos, it doesn't really matter what the USD value 
was when you acquired them, it only matters what the value is when you need 
to report it, or when you transact with it.
I didn't particularly buy the argument, but I didn't have a say at the time.
Still, there has not been a call to return to that method since it was 
removed over 20 years ago   so I will ask, are you sure you need the extra 
data? Can it not be computed through other means?
-derek
Sent using my mobile device. Please excuse any typos.
On January 4, 2025 19:27:58 Tian Kevin <tian_kun at outlook.com> wrote:

> Dear GnuCash Development Team,
> I hope this email finds you well. My name is Kevin as an accountant, and I 
> am a GnuCash user who manages multi-currency financial transactions. I 
> appreciate the powerful features GnuCash provides for personal and business 
> finance management.
> I am writing to propose a feature enhancement for GnuCash: adding support 
> for functional currency amounts in transactions. This feature would allow 
> users to input and view amounts in their functional currency (e.g., a home 
> or base currency) alongside the foreign currency used in the transaction. 
> Additionally, it would ensure compliance with IFRS standards, which require 
> the presentation of financial statements in the functional currency.
> ________________________________
> Use Case and Benefits
>
>  1.  Simplified Reporting: Users could generate financial reports directly 
>  in their functional currency without manually recalculating values for 
>  foreign currency transactions.
>  2.  Improved Accuracy: By maintaining the functional currency amounts 
>  within the database, exchange rate differences can be calculated more 
>  accurately and transparently.
>  3.  Broader Adoption: Supporting functional currency aligns with 
>  international accounting standards, making GnuCash more appealing to 
>  professional users.
>
> ________________________________
> Proposed Implementation
>
>  *   Database: Add a new column (e.g., functional_currency_amount) in the 
>  splits table to store the converted amount.
>  *   User Interface: Allow users to enter the functional currency amount 
>  during transaction creation or let the system calculate it using exchange 
>  rates.
>  *   Reporting: Update built-in reports to include functional currency 
>  amounts for financial analysis.
>
> ________________________________
> I understand that this might be a significant development effort, but I 
> believe it could greatly enhance GnuCash's capabilities. If needed, I would 
> be happy to provide more detailed use cases or assist with testing this 
> feature.
> Thank you for considering my request. I look forward to hearing your thoughts.
> Best regards,
>
>
> Kevin
>
>
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