Capital equipment showing zero value

[Henry Gomersall]

On Fri, 2011-07-01 at 21:57 +0100, Henry Gomersall wrote:
> On Fri, 2011-07-01 at 17:49 +0100, Fred Bone wrote:
> > > Two further problems are now apparent. Due to previous cock ups,
> the
> > > assumed USD exchange rate is wrong (the reciprocal of what it
> should
> > be,
> > > which means the asset balance is wrong), which I can't seem to
> > change.
> > > When I select "Edit exchange rate" on the transaction of interest,
> I
> > get
> > > the message "The two currencies involved equal each other".
> > 
> > Edit it from the "other end". 
> 
> "This register does not support editing exhange rates." This was
> trying
> to edit the exchange rate from the other side of the transaction, in
> accounts payable. Perhaps I am misunderstanding what you are
> suggesting? 

I sorted this problem by deleting the incorrect entries in the Price
Editor, and adding the correct exchange rate on that day. The values are
all displayed correctly now.

Many thanks for the suggestions and assistance.

The problem, I think, was my incorrect mental model of how GnuCash
handles foreign currencies. I think I now have a more sound basis on
which to work in future!

Might I suggest that the prompting for exchange rates at posting time
actually exacerbated this idea that the exchange rates are somehow
transaction specific, which I think was a large part of the problem.

Cheers,
Henry