[GNC] Exchange Rates
Peter Williamson
pwandww at xtra.co.nz
Sun Apr 4 19:11:21 EDT 2021
We use Gnucash to do the bookkeeping for income that includes payments in both local and overseas currencies plus a few admin and equipment expenses.
For NZ income tax return purposes, is it possible with Gnucash income reports to assign exchange rates for a particular month and apply these to all overseas income received during that month?
Alternatively, the NZ tax code allows an average annualized rate to be used for each foreign currency conversion. If this option is used what is the best way of ensuring all overseas income is converted to local currency using just the relevant annualized rate?
Peter
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