[GNC] Exchange rate of income statement report

[Gal]

Michael or Penny Novack wrote
> Meanwhile, Gal,  please explain something to me. If you wanted dollar 
> amounts converted to shekels as of the date of the initial transaction 
> (frozen as of that date) why entered in dollars rather than shekels?

Actually, I'm in the middle of my evaluation of whether I should use a
single main currency for all expense accounts, or split them per currency as
I demonstrated in the original post, and I'll by happy to expand the
discussion to this subject as well.

The benefit I see of splitting expense accounts to their respective
currencies, is that it's easier to document and fill transactions at the
currency they took place at (for example by copying numbers from a receipt),
instead of manually performing exchange rate translation each time a
transaction is entered.
Obviously, for reports, I still have to provide the rates to the price
database, but doing so as a separate independent process seems more
methodological.
Another advantage is to become currency agnostic all the way (in case I want
to change to a different main currency in the future), but I'm not actually
sure if translating expenses to a different currency than the one they took
place at, eliminates this agnostic-ness.

The obvious drawback is the cumbersomeness of managing so many accounts, and
the not obvious drawback is the issue I just raised with the income
statement report.
I was expecting the report system to handle the translation of each
transaction separately, or at least have such an option in the price source,
and was surprised to see it didn't.



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