[GNC] What is Unrealized Losses/Gain in Balance Sheet Report ?

[Fred Bone]

On 08 April 2020 at 1:05, Long said:

> Hello,
> 
> First, i'm not an accounting, and trying to use GnuCash to manager my
> finances.
> 
> I'm managing multiple currency in GnuCash, and i created Bank account for
> each currency i had.
> 
> And everytime my currency rate changed, i changed it in "Price Database".
> And Balance Sheet report show me Unrealized Losses/Gain on the Equity Tab.
> I don't understand what it's mean and should i remove it ? and how ?

What it means is that there are differences between the value (in your 
home currency) assigned when you created each transaction, and the value 
now (because you have added new exchange rates), and you haven't added 
transactions to record (realise) those changes.

More specifically, the *total* (across all your transactions) of those 
differences has changed (you could think up an unlikely situation where, 
say, the change in value of your transactions in one currency is exactly 
balanced by the change in value of another currency).

To realise those gains/losses you need to enter balancing transactions, 
one per ("foreign currency") account, every time you add a changed 
exchange rate.

If you want to record every daily change in exchange rate then perhaps 
you should learn a little about accounting. There is plenty of material 
on the Web.