Checking and credit card accounts in different currencies

Dave Peticolas dave@krondo.com
02 Dec 2001 18:20:47 -0800


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On Sun, 2001-12-02 at 16:34, Arnim Vogel wrote:
> Hello,
>=20
> I am new to GNU-Cash, but (still) a user of Quicken 2000. I tried to migr=
ate=20
> my Quicken accounts to GNU-Cash, and found GNU-Cash a very nice financial=
=20
> manager!
> Yet, there is a feature I only found in a -in my situation- very troubles=
ome=20
> implementation:
> Since I am german but curently living abroad, I have checking and credit =
card=20
> accounts in both DEM and USD currencies, and I have expenses and income o=
n=20
> both kinds of accounts. In Quicken, I categorized all my income and expen=
ses.=20
> For both currencies, I used the _same_ categories. I could assign=20
> transactions the categories - independent of the currency - directly.
> In GNU-Cash, the only way I found to deal with different currencies is th=
e=20
> use of a currency account inserted in the middle of a transaction. In som=
e=20
> cases, this seems me a good way, since it makes the currency exchange=20
> explicitely visble.
> In my situation, however, almost _every_ transaction now goes via the=20
> currency account. Basically, all my USD income/ expenses go first to the=20
> USD-DEM-Trader currency account, from which I distribute them to the inco=
me=20
> and expense accounts.
> Since this is very troublesome and makes my transactions hard to follow, =
I=20
> would like to know whether this is the only way to make transactions betw=
een=20
> accounts of different currencies.
> If there are other ways - please let me know which.
> If not, I'd like to know whether there are plans to simplify=20
> the process in the future, e.g. by allowing income/ expense accounts to=20
> accept more than a single currency?

This is an awkward situation and in GnuCash 1.6 there isn't
any real solution. In the development version, the requirement
for intermediate currency accounts is being removed.

dave


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