Multi-currency

[Wouter van Marle]

It seems you are looking in the right direction.

GnuCash handles multi-currency matters and can calculate 
profit-and-loss accounts and balance sheets etc. in various ways, 
including using "nearest in time" and "weighted average" for the 
currencies. It keeps history of currency rates, and with the 
finance-quote plugin it can even automatically fetch current rates over 
the Internet.

Wouter.


On 20 Nov 09, at 18:12, Contact wrote:

> Hi
>
> Just on initial stages of stepping into GNU/Linux.
>
>
>
> I'm looking for an accounting package that handles multi-currencies
>
>
>
> Ie
>
>
>
> - Retains the exchange rate of a transaction between currencies
>
> - Retains historical exchange rates that were in place for local 
> currency
> transactions (could be historical exchange rates versus the 'home' 
> currency
> for local currency transactions)
>
>
>
> so that when reporting in the home currency the historical transactions
> (purchases;sales) are converted to the home currency at the exchange 
> rate at
> the time of the transaction (rather than using the current exchange 
> rate
> that unsatisfactory packages use)
>
>
>
> Does GnuCash do this?
>
>
>
> Thanks for time and help
>
>
>
> Regards
>
>
>
> Chris
>
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