Exchange rate changes lead to imbalance

Dolfy d01fy at yahoo.com
Fri Aug 28 07:46:42 EDT 2009


Hello,

Ver. 2.2.6

If you have multi-currencies or have stocks on your balance sheet, and their daily rate changes, the balance-sheet will go out of balance. Example:

I have 1 Eur only, and my B/S is in HUF currency.

Assets:   HUF 280 
   EUR:   EUR   1
Equity:   HUF 280

Now if the exchance rate changes from 1 EUR=280 HUF to 1 EUR=290HUF, I will have

Assets:  HUF 290
   EUR:  EUR   1
Equity:  HUF 280

which is clearly out of balance. Same with stocks and other commodities. Maybe some balancing transactions had to be introduced to handle this properly...

Thx, Dolfy



      


More information about the gnucash-user mailing list