[GNC] Valuation of multi-currency accounts

Stan Brown the_stan_brown at fastmail.fm
Thu Oct 20 19:32:07 EDT 2022


Just a reminder to all ... PLEASE don't use non-descriptive subject
lines of the form GnuCash-user Digest Vol XXX Issue XX. If a newbie does
it, please change the subject line to something more helpful when
replying.  Thanks!

Stan Brown
Tehachapi, CA, USA
https://BrownMath.com

On 2022-10-20 15:29, flywire wrote:
>> * - BUT: For income and expense accounts, multi-currency accounts seem to be
> *>* a total disaster. Why? Because all PAST transactions on both income and
> *>* expense accounts will be valued at the CURRENT exchange rates.*
> 
> 
> Simply recording value in local currency works for me. You can add a
> note/memo with original currency if required but I don't bother now.
> If conversion happens at a different date then a transaction is
> required for that date.


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