multiple currency accounting and opening balance

[Mark Smith]

On Thu, 19 May 2011 02:16 -0700, "Ian K" <ik522000 at yahoo.co.uk> wrote:
> If you have some JPY cash eg JPY 10,000, and want to open an account in
> GnuCash with that balance, then with Trading Accounts on the split should
> look something like this:
> 
> Assets:Cash:JPY Cash +10,000 (Tot Receive)
> Trading:CURRENCY: EUR +86.96 (Tot Receive)
> Equity: Opening Balances -86.96 (Tot Spend)
> Trading:CURRENCY:JPY -10,000 (Tot Spend)
> 
> To do this you would enter a transaction in the JPY Cash account
> receiving
> the 10,000 JPY, with Equity:Opening Balances as the account. The split is
> created automatically with Trading Accounts functionality.

Wonderful, Ian, exactly what I was looking for! Thanks a million!