[GNC] Foreign Currencies in one account
Marcell Madar
madarmarci at gmail.com
Mon Jan 27 10:12:06 EST 2020
David,
That's what I was thinking for simplicity, too.
However, we have to keep track of the exact CAD amounts.
How should we do that? In a separate spreadsheet?
At the end, we have to account for the exchange gain/(loss).
If he puts in 5,000 CAD (1,000,000 HUF @ 200HUF/CAD), he wants 5000CAD back.
That amount might be 1,050,000HUF in one year if rate increases to
210HUF/CAD.
Should we just have an "exchange gain" account where we can account for the
changes in exchange rate?
Marci
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