Recording foreign cash purchases

[Julian Gilbey]

On Tue, Jan 03, 2006 at 10:46:17PM -0600, Robert C. Ramsdell III wrote:
> On Wed, 2006-01-04 at 02:00 +0000, Julian Gilbey wrote:
> > On Tue, Jan 03, 2006 at 07:27:49PM -0500, Derek Atkins wrote:
> > > if you want to keep track of the amount but dont want a separate
> > > set of accounts, you should just create a standard Asset account
> > > with current USD, and then just make your expense transactions
> > > from the USD account to the GBP account..  The problem with this
> > > approach is that you need to keep track of your exchange rate
> > > for every expense, instead of only when you convert the money
> > > from GBP to USD.
> > 
> > I tried this but was not able to get GnuCash to recognise a
> > transaction from a USD Asset account to a GBP Expense account.
> > Weird.
> Very weird.  I tried this on my system (although I set up a GPB account,
> and usually use USD).  I created both a bank and asset account, and
> selected GBP as the currency.  When I recorded an initial transfer from
> my main checking I was prompted for an exchange rate.  I then set up a
> 'purchase' (transfer to a USD expense account).  I was again prompted
> for the exchange rate (I kept the same as before).  Both transactions
> displayed correctly in the USD and GBP accounts.
> 
> I'm using 1.8.11.  What version have you?

1.8.10

   Julian