[GNC] Import CSV Multi-currency

John Ralls jralls at ceridwen.fremont.ca.us
Sun Nov 25 03:38:31 EST 2018



> On Nov 25, 2018, at 12:14 PM, GTI .H <gti9070h at gmail.com> wrote:
> 
> Em sáb, 24 de nov de 2018 às 19:47, David Cousens <davidcousens at bigpond.com>
> escreveu:
> 
>> GTI,
>> 
>> David Carlson's description is actually more correct in accounting terms
>> and
>> the way GnuCash actually works. This is a double entry accounting system
>> which means that all transactions have at least two splits.
>> 
>> In the case of a currency conversion transaction, the transfer of asset
>> value is between the account in the initial currency and a separate account
>> in the final currency, so there is at least a split for each account. (If
>> there are currency conversion fees involved that are not incorporated in
>> the
>> price/currency conversion information for example you could have additional
>> splits to account for this.)
>> 
> 
> heheheh!
> Without an official definition of "split", it seems that each of us has
> created its own definition!
> 
> According to your definition, there is no single line transaction in
> GnuCash.
> 
> For me what you described was not a split but a balancing act.
> For me, you can balance by creating splits or without creating splits.

What David described is formal, a.k.a. double-entry, accounting. It’s the only way to account for money that’s legally recognized and it’s how GnuCash works. His use of “split” is from GnuCash’s code and documentation.

Perhaps you’d be more comfortable with KMyMoney, which doesn’t use double-entry accounting and so is less formal in its approach.

Regards,
John Ralls



More information about the gnucash-user mailing list