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

[Dr. David Kirkby]

On Thu, 22 Dec 2022 at 18:43, Adrien Monteleone <
adrien.monteleone at lusfiber.net> wrote:

> 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
>

I looked at the trading accounts, but was a bit put off. When I googled the
term, there seemed to be quite different interpretations, and all confused
me. I felt I was going out of my comfort zone.

https://wiki.gnucash.org/wiki/Trading_Accounts

has a link to a tutorial, but the link is broken.

Then I see this comment

https://www.reddit.com/r/GnuCash/comments/mf2vdt/trading_accounts_functionality/

about enabling trading accounts in GnuCash added splits to already
reconciled transactions.

Dave