Stock Price / Exchange Rates Used while Closing Book

[David T.]

The Close Book function in Gnucash closes the books on expense and income accounts only. It does nothing with unrealized gains, which from an accounting perspective, don't exist.

David

--- On Fri, 4/15/11, Prasad Marla <prasadmn at gmail.com> wrote:

> From: Prasad Marla <prasadmn at gmail.com>
> Subject: Stock Price / Exchange Rates Used while Closing Book
> To: gnucash-user at gnucash.org
> Date: Friday, April 15, 2011, 11:08 PM
> Hi Gurus
> 
> Which stock price / exchange rate does Gnucash use when
> closing the book ?
> 
> For example if I am closing the book for FY2011 on
> 31/03/2011 - I expect
> Gnucash to use the prices / rates maintained for 31/03/2011
> (or
> prior-nearest)  for doing the valuation and
> calculating the unrealised gain
> / loss and doing the carry forward to the next year .
> However, Gnucash seems
> to be using the last maintained - in my case it used the
> exchange rate
> maintained for 15/04/2011 !!
> 
> Is there a setting I have missed ? I could not find
> anything under
> preferances / documentation.
> 
>  Apologies in case this has been answered earlier - I could
> not find a
> thread with the search...and would appreciate being pointed
> to the right
> one.
> 
> Regards
> Prasad
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