Expenses with multiple currencies

[Derek Atkins]

Hi,

My suggestion is to compute the exchange rate when you enter the
transaction and just report it as a USD expense.  E.g.:

  Assets:Bank:Bank 2 (EUR)         100?
  Expenses:Bank Charges:Bank 2              $221.47

This will probably be the easier way to do it.

-derek

Quoting Youssef Ltaief <ltai0001 at yahoo.com>:

> Hi,
> I checked the archive but couldn't find a clear answer to following 
> situation:
> I have two bank accounts in two different countries with two 
> different currencies (USD and EUR)
> I have bank expense charges on these two accounts that I get from my 
> statements.
> I currently have the following setup:
>
> Expenses
> Expenses:Bank charges (USD)
> Expenses:Bank charges:Bank 1 (USD)
> Expenses:Bank charges:Bank 2 (EUR)
>
> The problem here is that the total on "Bank Charges" and subsequently 
> "Expenses" is in USD and adjusted according to the current exchange 
> rate which is not correct since the EUR charges were incurred in the 
> past.
>
> Should I go with a set up where I separate the Top expense accounts 
> like this instead:
>
> Expenses (USD)
> Expenses:Bank charges (USD)
> Expenses:Bank charges:Bank 1 (USD)
>
> Expenses (EUR)
> Expenses:Bank charges (EUR)
> Expenses:Bank charges:Bank 2 (EUR)
>
> Suggestions are appreciated
> Youssef
>
>
>
>
>      
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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