[GNC] Fwd.: A new start - somewhat strange

[David Carlson]

The place where you enter the currency name for an alternative currency is
in the settings for the accounts where you plan to use that currency.

If you plan to track groceries in that currency create a groceries expense
account in that currency.

If you plan to track a lot of things in a second currency you may want to
set up a separate set of books.



On Thu, Sep 22, 2022, 7:17 AM Murugan Muruganandam <
m.muruganandam at hotmail.com> wrote:

> I use multi currency account and trading accounts in my books, is the
> following query still open if so let me know what exactly you need and i
> can walk you through
>
> ==
> But I have not yet found the place where I can enter my second currency
> KHR - I only see the many things I will be able to do AFTER I will have
> entered it.
>
> Can you please help me trough this step?
> ===
>
>
>
> Saludos Cordiales
>
>
> Murugan
>
> ________________________________
> From: gnucash-user <gnucash-user-bounces+m.muruganandam=
> hotmail.com at gnucash.org> on behalf of Norbert Klein <nhklein at gmx.net>
> Sent: Wednesday, September 21, 2022 8:39 AM
> To: gnucash-user at gnucash.org <gnucash-user at gnucash.org>; gnucash at jdlh.com
> <gnucash at jdlh.com>
> Cc: gnucash-user at gnucash.org <gnucash-user at gnucash.org>
> Subject: [GNC] Fwd.: A new start - somewhat strange
>
> My advice to you:
>
> 1. Do read the GnuCash concepts and tutorial guide, especially Chapter
> 12 /Multiple Currencies/
> <https://www.gnucash.org/docs/v4/C/gnucash-guide/chapter_currency.html>.
>
> = =
> To enable them go to File → Properties+Accounts tab and check the Use
> Trading Accounts checkbox.
> DONE
> = =
>
> 2. Do enable Trading Accounts, as described in 12. /Automatically
> Recording Currency Transactions using Trading Accounts/
> <
> https://www.gnucash.org/docs/v4/C/gnucash-guide/currency_trading_accts.html
> >.
>
> I have always used them. (In fact, I cannot tell you what happens if you
>
> do not use them, because I have not tried.
>
> = =
>
> But I have not yet found the place where I can enter my second currency
> KHR - I only see the many things I will be able to do AFTER I will have
> entered it.
>
> Can you please help me trough this step?
>
> = =
>
> 3. I second Paul Kroitor's excellent advice that you make a "test book"
> for practice and experiments. Accept a default chart of accounts. Make a
> few accounts in KHR currency. Enter a few test transactions. See how
> things work.  Then set up your real book.
>
>
> Of course I will do this.
>
>
> 4. I use the one currency structure for my asset accounts, and a
> different currency structure for my expense accounts. See if either of
> these makes sense for you.
>
> I hope this is helpful.  Have fun with the experiments!
>
> Best regards,
>
>        —Jim DeLaHunt, Vancouver, Canada
>
> Yes it is very helpful, Thanks, Norbert
>
>
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