Balance sheet unrealized losses

[whwtan]

Hi Ian,

Wow thanks.
That's a new link to me, for a long time now, the link which got me 
started in the first place was Peter's
http://www.mscs.dal.ca/~selinger/accounting/

Paul, the very good news is Gnucash is one of the very few software out 
there which is capable of achieving what you're attempting: Automated 
Multi-Currency tracking for your portfolio and accounts. You will be 
surprised that even many proprietary and paid software do not have this 
ability. So in a sense it makes Gnucash in an exclusive club of its own.

The link I gave above is a discussion by Peter which gave birth to multi 
currency capability documented in 
http://www.mscs.dal.ca/~selinger/accounting/gnucash.html
So you may wish to read that as well.
I believe Mike who implemented "Trading Accounts" is on this list. :)

What you are trying to do by yourself based on your description (and 
where you may made a few mistakes) is what "Trading Accounts" is doing 
for you automatically and "correctly". If you read and understand 
Peter's discussions, it will give you an idea what is going on for you 
in the background.

"As you can tell, I have not studied accounting, but have been learning 
through practice. Paul"
Welcome to the gang! :P I did two degrees back in school and, in my 
infinite stupidity, never took a day of lessons in 
accounting/finance/economics.

William

On 31/10/2013 6:08 AM, Paul Nadolny wrote:
> John and Ian,
> I looked over the discussion that you sent me, Ian, and it looks really
> helpful, so I will work on it. It might take me awhile. Thank you.
> Paul
>
>
>
> On Wed, Oct 30, 2013 at 9:35 PM, Ian K <ik522000 at yahoo.co.uk> wrote:
>
>> In addition to checking your exchange rates in the Price Editor the other
>> thing to check is if you have Trading Accounts on.
>> If I'm not mistaken the fact that you are showing Unrealised gains/losses
>> on
>> the Balance sheet would indicate that you don't.
>> With multiple currencies the Balance Sheet doesn't work without Trading
>> accounts on. The unrealised gains/losses don't make sense.
>> It was discussed here:
>>
>> http://gnucash.1415818.n4.nabble.com/Trading-accounts-when-do-they-make-sense-td4656583.html
>> <
>> http://gnucash.1415818.n4.nabble.com/Trading-accounts-when-do-they-make-sense-td4656583.html
>>
>>
>> --
>> View this message in context:
>> http://gnucash.1415818.n4.nabble.com/Balance-sheet-unrealized-losses-tp4665094p4665107.html
>> Sent from the GnuCash - User mailing list archive at Nabble.com.
>> _______________________________________________
>> gnucash-user mailing list
>> gnucash-user at gnucash.org
>> https://lists.gnucash.org/mailman/listinfo/gnucash-user
>> -----
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
>>
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>
>