That old chestnut - multi currency

Davide Imbeni davide.imbeni at gmail.com
Mon Sep 21 03:34:10 EDT 2009


I'd also love to have Peter Selinger suggestion implemented, at least as an
option (could be activated in Preferences, deactivated by default, as a
start?).

Davide

On Sun, Sep 20, 2009 at 1:43 AM, twig <tim.wight at kihoe.net> wrote:

>
> I appreciate that the issues have already been covered, particularly by
> Peter
> Selinger.  However, I would like to add my comments as I have gained an
> impression, perhaps unfairly, that this is seen as an esoteric problem
> rather than a real world significant inconvenience.
>
> My business buys merchandise in seven currencies and sells in one.  We
> average around two foreign purchase invoices per day.  With some suppliers
> we pay monthly,  one payment for maybe eight or ten invoices, where the
> exchange rate has been different for each one and is different again for
> the
> payment.  Using GnuCash to handle a foreign currency A/P account guarantees
> that reports won't balance -- and there is the rub -- the 'Trial Balance'
> doesn't.
>
> It doesn't get any further than that with my accountant.  If the trial
> balance doesn't balance then the accounts are wrong, end of story.  He
> won't
> accept them.  Showing him an 'unrealised gains' entry in the Balance sheet
> doesn't cut it.  "From where" he says, "account for them!"
>
> So I am stuck with manual currency trading accounts as per Peter Selinger.
> His proposal may not solve all predicaments but it would work for me.
>
> Other than that it's a great application.
> Regards
> Twig
> --
> View this message in context:
> http://www.nabble.com/That-old-chestnut---multi-currency-tp25526578p25526578.html
> Sent from the GnuCash - User mailing list archive at Nabble.com.
>
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>


More information about the gnucash-user mailing list