Foreign Share transactions (in general, ALL foreign currency transactions)
Mike or Penny Novack
stepbystepfarm at mtdata.com
Sat Jul 28 07:43:23 EDT 2012
I just want to say something about this difficult problem.
There is more involved than just gnucash coding, what works or doesn't.
The PROBLEM is less well defined than people seem to think it is. When
accounting is being done for multiple currencies there are statutory
(depending on jurisdiction) and organizational (if allowed choices by
the jurisdiction, which chosen) procedures for determining WHEN one is
to be valued against the other. There can be no "one size fits all"
solution.
Michael
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