Equity

c-a-l c-a-l at earthlink.net
Thu Mar 4 23:03:08 EST 2010


Actually, I thought I really understood the accounting concepts.

I can't figure out if I am having a GnuCash program problem, or an problem
understanding concepts.  I have finished entering 1.5 years of transactions
for a relative whose finances I'm now responsible for.  

As I have always understood, and as documented in the GnuCash user manual, 
 Assets - Liabilities = Equity.  (Let's ignore Income & Expenses for right
now).

However, when I go to Report/Balance sheet, the above math works for the
opening balance, and the first month.  After that, the math no longer works.

I've run lots of version of the Balance Sheet and isolated the problem  - it
begins on the day that there was a foreign transaction - ie two different
currencies - a deposit from a Euro account to a US dollar account.

Is this a GnuCash bug or am I doing something wrong?  If so, how do I fix
it.   I am obligated to turn in reports for this persons finances, and
obviously can't turn in an unbalanced Balance sheet.  I sure hope this is
fixable...
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