multiple Top level accounts

[Mike or Penny Novack]

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>>Hi
>>what I am trying to do is have multiple top levels and within each of them
>>I would have my usual Assets, Expenses, etc...
>>I have accounts in different currencies and would like to keep the totals
>>separate and meaningful for the parent accounts. Is there a way to achieve
>>the hierarchy below? That would help me a lot.
>>
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>You can't do this currently, but it has been requested before. See:
>http://bugzilla.gnome.org/show_bug.cgi?id=421766
>
>There has been some new discussion there recently, but I doubt any of the
>main developers will take this on soon. Too many other things going on...
>
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Possibly needs to be said --- unless your jurisdiction REQUIRES you keep 
a single set of books for reporting it is normally to your advantage to 
keep each currency as a separate book. True, when you want to compute 
your net worth as of a certain date or determine your net income for a 
specified time period you have to THEN combine amounts from the reports 
of each in a spreadsheet according to the exchange rates in effect at 
the time. But in exchange you get freedom to pick the date (and thus the 
exchange rate if that varies over time) and being able to do that can be 
valuable --- similar to timing the sales of securities to claim gains or 
losses in a particular reporting period.

If you are doing substantial activity in more than one currency please 
consult with an accounting professional experienced in dealing with the 
legal and tax requirements of your jurisdiction.

Michael