Multi currency users who "Use Trading Accounts"?

[Mike Alexander]

--On June 2, 2012 10:27:16 AM +0800 whwtan <whwtan at hotmail.com> wrote:

> Hi all,
>
> Just wondering who else here actively uses Multi Currency in GnuCash
> and is comfortable with providing a little bit of guidance?
>
> I went through the tutorial documents and enabled the "Use Trading
> Accounts" flag but because I was overwhelmed with Gnucash asking me
> every single time there was a non-primary currency transaction, I
> gave up and created a whole deal of expenses with the currency as the
> header.
>
> e.g.
>
> Expenses
> -> USD Expenses
> -> AUD Expenses
>
> I actually do have a lot of transactions in non-primary currencies
> depending on where I am currently based. If I am in USA, it will be a
> lot of USD transactions. If I am in Australia, AUD etc.
>
> Am I setting up my accounts correctly or is there a more refined
> method which does not require separating all the expense accounts
> into sub-currencies themselves?

That's more or less what I do and it seems  to work ok.  I don't know 
if it's "correct" or not, but for personal expenses it may not matter 
too much as long as it works for you.

            Mike