Accounting in foreign currencies

[Stephen J. Gowdy]

Hi Danny,
 	You can create a Assets:Currency:GBP (of type Asset) account and 
enter the transactions there with a split this;

 	Some Thing		Liabilities:Credit Cards:UBS	20
 				Expenses:Things				20
 				Assets:Currency:GBP

 	It is easiest to leave the empty Assets:Currency:GBP line there 
till you've reconciled the entry when you get your credit card statement. 
You get to enter a different exchange rate for each line so you'll need to 
adjust them both when you get your statement.
 	I can't remember if I got this from the list or the FAQ a while 
ago.

 						regards,

 						Stephen.

On Sat, 7 Jun 2008, Danny Rohde wrote:

> Hello,
>
> I have a question regarding accounting in different currencies and the
> automatic input of exchange rates.
>
> I have a credit card account in CHF and my expense account is also in
> CHF. If I go abroad and buy something in GBP I didn't find a "smart" way
> to record this transaction. If I put in the numbers if does not allow me
> to use the exchange rate feature because both accounts are in my base
> currency.
>
> It would be great, if I could just use the program to get a preliminary
> exchange rate, before I finally reconcile it from my credit card bill.
>
> Any idea how to achieve this?
>
> Regards
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