understanding currency exchange...

[Joshua Chambers]

Yes, the currency of Assets and Holdings are both Dollars (though those
are both simply placeholder accounts, and have no actual transactions).
 However, in my recent (the last couple days, trying to resolve this
exchange issue) review of the most recent gnucash tutorial I can find,
it appeared to me that the top level could be dollars, and a sub-account
can be in a different currency, and in fact if set up correctly, it
should automatically translate the other currency to dollars (in this
case) for me!  I just posted some screenshots in another message,
hopefully someone more knowledgeable can correct us both!  :)

Thanks,
Joshua

On 11/11/2015 05:10 AM, Cheryl Wheeler wrote:
> Someone more knowledgeable, please correct me if this is not relevant,
> but:  I assume that the currency of Assets:Holdings:Cash:Euros is Euros;
> what is the currency of the higher-level accounts, Assets,
> Assets:Holdings, and Assets:Holdings:Cash? If not Euros, then maybe that
> is the issue. It's my understanding that a top-level account and all of
> its sub-accounts should be in the same currency. Personally, I handle
> this with top-level accounts named "Assets Currency1" and "Assets
> Currency2", and duplicate the sub-accounts as needed. Transfers between
> them work well for me.
> 
>   Cheryl
> 
> On 2015-11-11 12:39 AM, gnucash-user-request at gnucash.org wrote:
> 
> Message: 9
> Date: Tue, 10 Nov 2015 15:30:21 -0800
> From: Joshua Chambers<chambers.joshua at gmail.com>
> To: gnucash-user<gnucash-user at gnucash.org>
> Subject: understanding currency exchange...
> Message-ID:<56427E0D.9040205 at gmail.com>
> Content-Type: text/plain; charset=utf-8
> 
> I am doing EXACTLY what you are saying, there must be some bug or
> something!  It even happens automatically as you suggest... I start
> entering the simple transaction, one of them is in USD, the other in
> EUR, and the currency exchange dialog comes up automatically, I enter
> the correct exchange rate and hit okay, and no matter what I do, the
> transaction won't balance, and there's a remainder waiting to be
> processed, or "Imbalance" if I leave the transaction.
> 
> 
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