Accounting in foreign currencies
Stephen J. Gowdy
Stephen.Gowdy at cern.ch
Sun Jun 8 04:04:24 EDT 2008
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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|Stephen J. Gowdy | CERN Office: 8-1-11|
|http://www.slac.stanford.edu/~gowdy/ | CH-1211 Geneva 23 |
| | Switzerland |
|EMail: gowdy at cern.ch | Tel: +41 22 767 5840 |
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