Trading accounts losses and gains - again

[Tiago Saboga]

Hi all!

I've done a lot of reading on this list, I have read the Peter
Selinger articles about multiple currencies accounting, but I am stuck
with the practice. I am converting the last few months of my personal
accounting to the "trading accounts" setup, and I want now to record a
monthly transaction accounting for trading gains and losses (almost
always losses, in my case, so I am going only for an expenses
account). But I am unable to figure out what the amounts should be and
in which account I should do the transaction.

First, I've tried to find the monthly losses with the "Average
Balance" Report running on the Trading Account, but the total amount
for the overall period is twice as large as the Currency account
balance. I turned than to the Balance Sheet, but the same problem
arose. Finally, I tried to zero out the Currency Account, but I found
no way of having a balance at a given date in the past (every last day
of month). Any guidance here?

I am ok with a not perfect solution for the past periods, as long as I
can do better from now on. So I decided to divide the total balance of
the "Currency" account by the number of months and made a monthly
transaction with always the same value. But then the Balance sheet
still shows big sums of "trading losses". And from what account should
I make the transactions to my Expenses/Currency Losses account? I have
finally opted for a new account under Trading, which compensates
"Currency", but I am not comfortable with it.

I would be very thankful if you could share your experience and tips with me.

Cheers,

Tiago

cannot figure out what thetrading gains and losses.