[GNC] Should i create Equity for each currency i had ?

Adrien Monteleone adrien.monteleone at lusfiber.net
Tue Apr 14 12:07:25 EDT 2020


Long,

GnuCash can show you the value of foreign denominated accounts in your own currency.

You don’t have to go through the trouble of doing manual transfers to accomplish this.

Regards,
Adrien

> On Apr 14, 2020 w16d105, at 3:06 AM, Long <Phamhoanglongvn at outlook.com> wrote:
> 
> Hello,
> 
> I saw GnuCash guided you in chapter 12 that you should create Equity for
> each currency. 
> But i don't think so, Because when you do that, you will never know
> "Gain/Loss" when you look into Report. Because when the exchange rate
> changed, both assets and equity will be the same.
> I think i should only use my currency (default) in equity accounts (opening
> balances), then using "currency transfer" to transfer money to each assets,
> in this way, i will know "gain/loss" in my book time period. Right ?
> 
> Regards.



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