[GNC] closing of books and multiple currencies: a question on exchanges

[Andrea Borgia]

Il 24/03/21 22:46, David Cousens ha scritto:
> Hi Andrea,
>
> OK it is only  Euro and USD which makes it simpler. my apologies for the
> delay in replying. I was away from home yesterday,

No worries, this is my personal accounting: it can wait when we all have 
time. Now it's late here, I'll go over your explanation in the coming 
days and then write a proper reply.

One quick note, though: I prefer to record currency exchanges only when 
they're happening in real life, that is I am expressly purchasing USD 
from EUR (as it happened this year with mutual funds) or when some 
institution (for example Paypal) does it due to lack of funds in the 
main EUR account.

Thanks again,

Andrea.