Continuing saga - multi currencies - now unrealized gain disappeared

[bunk3m]

Ah Derek,

Nope.  If only it had automagically made the appropriate transfers .....
(big sigh)

But that would have made gnuCash magical because it would have
understood exactly how to translate [Increase in USD receivables, offset
by USD Income] and converted it into something using a trading account
like [Increase USD receivable balance against USD currency offset by
increase CAD Income and balance against CAD Currency account.] etc. etc. 

That would have been truly astonishing and would have made my day! :-)

Having attempted to redo transactions for one year using a fixed
crossrate as an experiment, I can only say that the income statement is
correct but because I have some left over receivables denominated in
USD, I have an unrealized gain on the balance sheet where I know that I
shouldn't have a gain.  Currency crossrate is set to 1.  Grrr!

I'm not an accountant but what the ***explicative deleted***? This
shouldn't be so complicated??  This multi-currency accounting could
drive one to drink! (ROTFL)

B.

On 4.04.2013 13:06 , Derek Atkins wrote:
> bunk3m <bunk3m at gmail.com> writes:
>
>> Hi.
>>
>> I continue to fight gnucash to understand which the multi currency
>> transactions that make up the unrealized gains.
>>
>> I'm in the process of trying to figure this out since I have to file a
>> tax return and need to confirm the transactions and calculation of the
>> unrealized gain.  I'd hate to get audited and not be able to
>> substantiate my tax return.
>>
>> Today I decide to try the "Trading Account" to see what would happen and
>> if this would help.  I'm prepared to go back the 18 months and
>> change/redo the 40-50 transactions.
>>
>> Now I'm stumped again.  I turned on trading accounts and the unrealized
>> gain just disappeared.  I did nothing else other than turn on this
>> option in the Account:Preferences.
>>
>> How can this happen?
> It scrubbed your accounts and added the appropriate transfers to make it
> balance out?
>
> -derek
>