[GNC] GNUCash - Total Assets <> Total Liabilities + Equity

Wed Dec 28 17:29:06 EST 2022

Hi Derek,

I think I found the issue in the GnuCash Documentation. I did not use 
trading accounts (could kick myself in the butt).

I now enabled them. Is there a way to instruct GnuCash to retroactively 
run the Trading Splits?

Thanks a lot.

Am 12/28/22 um 17:25 schrieb Derek Atkins:
> Hi,
>
> I don't see any "snip" so not sure what you are referring to...
> But yes, my guess is yes, it's an exchange-rate issue and not accounting
> for the change in value from Time_0 to Time_1 when you have a
> cross-currency transaction.
> My first guess would be what the exchange rate was on the 1000€ on the
> date you created the transaction, and see if that helps answer the
> discrepancy.
> The other places to look would be exchange rate differences at any other
> exchanges.
> Good Luck,
> -derek
>
> On Wed, December 28, 2022 4:53 pm, Sebastian Naumann wrote:
>> Hi everyone,
>>
>> I have a small issue here arising, from what I believe, the Exchange
>> rates.
>>
>> Background:
>>
>>    * The entity I am working on received a Loan in EUR and decided to set
>>      their Common Stock Capital to 1000 EUR instead of 1000 USD.
>>    * The entity operated for one year only and will be closed as of
>>      12/31/2022
>>    * All outstanding loans were already reclassed (as part of closing the
>>      accounts) to other Income as "Cancellation of Debt Income". This is
>>      approved by the CPA.
>>
>> The situation at this point:
>>
>>    * *All Invoices and bills have been paid in full!!!*
>>    * *Trial Balance is good -> Debits = Credits
>>      *
>>    * I closed out all the accounts, including the Bank Account which was
>>      closed yesterday -> Hence there are $0.00 Assets.
>>    * On the other side of the Balance Sheet, we only have
>>        o the Common Stock for 1000 EUR, which is converted to 1062.15 USD
>>          as of the latest exchange rate used -> *SO FAR SO GOOD.*
>>        o The Retained Earnings, which are the loss for the current year
>>          -> *All good here too*.
>>        o "*Unrealized Losses"* of $116.52, which, from a logical
>>          standpoint can only come from the FX Adjustment on Common Stock
>>          (see snip below)
>>        o Equity + Liabilites is now $21.55 vs Total Assets of $0.00
>>
>> However, how come this does not balance? Anyone have this issue before?
>>
>> Mit freundlichen Grüßen
>>
>> Sebastian Naumann
>> *US Compliance Manager*
>>
>>
>>
>> *MERCATORZ INTERNATIONAL GmbH & Co. KG*
>> Klingholzstr. 7
>> 65189 Wiesbaden
>>
>> Web:www.mercatorz.com  <https://www.mercatorz.com>
>> E-Mail:naumann at mercatorz.com
>> PGP Fingerprint: DBCF ED37 6B00 25DE C469 5E0B E6B0 15C4 E292 430E
>> Tel. (direkt): +49 (0) 611 95 00 96-11
>> Tel.: +49 (0) 611 95 00 96-00
>>
>> *Buchen Sie Ihr Erstgespräch
>> <https://outlook.office365.com/owa/calendar/Kundentermine@mercatorz.com/bookings/>*
>>
>> Sitz: DE-65189 Wiesbaden
>> Handelsregister: Amtsgericht Wiesbaden, HRA 11324
>>
>> Vertreten durch: MERCATORZ Verwaltungs GmbH
>> Geschäftsführer: Michael Kempe
>> Sitz: DE-65189 Wiesbaden
>> Handelsregister: Amtsgericht Wiesbaden, HRB 32973
>>
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Mit freundlichen Grüßen

Sebastian Naumann
*US Compliance Manager*

*MERCATORZ INTERNATIONAL GmbH & Co. KG*
Klingholzstr. 7
65189 Wiesbaden

Web: www.mercatorz.com <https://www.mercatorz.com>
E-Mail: naumann at mercatorz.com
PGP Fingerprint: DBCF ED37 6B00 25DE C469 5E0B E6B0 15C4 E292 430E
Tel. (direkt): +49 (0) 611 95 00 96-11
Tel.: +49 (0) 611 95 00 96-00

*Buchen Sie Ihr Erstgespräch 
<https://outlook.office365.com/owa/calendar/Kundentermine@mercatorz.com/bookings/>*

Sitz: DE-65189 Wiesbaden
Handelsregister: Amtsgericht Wiesbaden, HRA 11324

Vertreten durch: MERCATORZ Verwaltungs GmbH
Geschäftsführer: Michael Kempe
Sitz: DE-65189 Wiesbaden
Handelsregister: Amtsgericht Wiesbaden, HRB 32973

/Vertraulichkeitserklärung / Legal Notice
Diese E-Mail enthält Informationen, die rechtlich geschützt oder 
vertraulich sein können. Sie ist ausschließlich für den angegebenen 
Empfänger bestimmt. Sollten Sie nicht der richtige Adressat sein oder 
diese E-Mail irrtümlich erhalten haben, informieren Sie bitte 
unverzüglich den Absender und vernichten Sie diese E-Mail. Das 
unerlaubte Kopieren oder Offenlegen sowie die unbefugte Weitergabe 
dieser E-Mail ist nicht gestattet.

This e-mail contains information that may be privileged or confidential. 
It is intended only for the person to whom it is addressed. If you are 
not the intended recipient or have received this e-mail in error please 
notify the sender immediately and destroy this e-mail. Any unauthorized 
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Schützen Sie den Wald und die Umwelt! Bitte drucken Sie diese E-Mail nur 
aus, wenn es nötig ist./
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