Equity balance incorrect - multi-currency

[Dominic Ashton]

2009/4/13 Dominic Ashton <dominic.ashton at gmail.com>:
> Hi,
>
> I'm new to GNU cash, and have attempted to set up a simple table of
> accounts. I am dealing with two currencies: JPY and GBP.
>
> I have entered two accounts for my two different currencies, and added
> the appropriate exchange rate so that the "Current Assets" account is
> showing up with the correct total. However, despite the fact that my
> liabilities and expenses are at zero, my equity is not showing the
> full value of the current assets. It is showing the JPY (my default
> currency) but not the value of the GBP.
>
> I imagine this is a very trivial and simple issue, but I have spent an
> hour hitting google and cannot for the life of me find what I'm doing
> wrong.
>
> I would most appreciate it if somebody can point me to the appropriate
> documentation to resolve this issue.
>
> Thanks in advance.
>
> Dominic
>

Sorry, I've worked out that I need to enter the account with GBP, and
set the exchange rate before the value will show up in my "Opening
balances" under equity. My question is, why on earth do I need to do
this when I already set the exchange rate to automatically update
under "tools, price editor" in the main menu?

Thanks,

Dominic