Accounting in foreign currencies

[Derek Atkins]

Hi,

Danny Rohde <homebox at gmx.de> writes:

> 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?

I'm in the same boat but replace CHF with USD.  When I travel I just
completely ignore the exchanges and record it all as if it's USD.  I
put the foreign currency information into the transaction description
but just put the (converted) USD values into the amounts.

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek

-- 
       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