[GNC] Do I need to set up multiple bank accounts for different currencies?

[Adrien Monteleone]

I don't think you'd have separate accounts. But you might want to turn 
on the Trading Accounts feature that can handle adjusting splits for 
multi-currency transactions. (such as getting paid in USD, but the bank 
shows receipt in GBP)

I dare hazard a guess that if your account is denominated in GBP, that's 
all it should be. How the bank handles receipt of other currencies and 
conversions will be a separate exercise for you to have fun with. (where 
turning on Trading Accounts might be helpful)

Regards,
Adrien

On 12/22/22 9:56 AM, Dr. David Kirkby wrote:
> My Bank is a UK bank, but I sometimes buy things in $HKD, and fairly
> regularly receive payments in USD and EUR in addition to the obvious GBP.
> Should I set up accounts like this? (American's call them checking
> accounts, but we don't here).
> 
> Assets: Current Assets: Bank Account (GBP)
> Assets: Current Assets: Bank Account (USD)
> Assets: Current Assets: Bank Account (EUR)
> Assets: Current Assets: Bank Account (HKD)
> 
> It's the one bank account - I don't have different account numbers for
> different currencies, and can't hold balances in anything other than GBP.
> 
> I initially assumed I needed 4 accounts for 4 currencies, but now I'm
> wondering if I can avoid that complexity, given I can only have a balance
> in GBP.