Invoices/Payments in Foreign Currency

[Derek Atkins]

The business features require all accounts to be the same currency.
That means that all your Income and A/R and Asset accounts for a
particular Invoice lifetime must be in the same currency.  So for
Process Payment from A/R (CAD), tranfer that to a CAD Asset account.
You cannot transfer it to a USD Asset account..  (well you CAN, but
then you have to go edit it afterwards to add the proper exchange rate).

-derek

Quoting Austin Jackson <austin at educatorshandbook.com>:

> Greetings!
>
> I run a small business with GnuCash 2 and need some help processing
> invoices and payments in a foreign currency.
>
> Here is my setup:
>
> All accounts are in USD.
> I have an accounts receivable setup in CAD (and one in USD).
> All invoices in CAD dollars get posted to CAD Accounts Receivable.
>
> Payments are received in CAD funds and exchanged by my bank, but when I
> process payment, my account ledger shows zero in the deposit column, the
> invoice remains unpaid in the invoice list and the CAD Accounts
> Receivable remains unchanged.
>
> What do I do?  How do I process payment in CAD currency?
>
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-- 
       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