[GNC] Edit problem

[Michael or Penny Novack]

On 4/3/2023 8:11 AM, Fred Tydeman wrote:
> I change the USD trading split to 53.49 and click on Enter and it reverts
> back to 53.25
>
I  know what I would do if faced with the problem of trying to keep 
multiple currencies in one set of books and every now and then having 
small out of balances resulting from conversions involving splits that 
do not seem to all add up.

I would create a special account (probably under assets  but there are 
alternative choices0 with a name like "conversion rounding errors".

When there was a "parts not all adding up" situation like this, I would 
enter a debit or credit (whichever needed) to this account to absorb the 
bit that was not adding up. If these "errors" were on both sides the 
account balance probably would never become significant. If the "errors" 
tended to be one-sided I'd probably every so often have an adjustment.

Why do you expect that books involving multiple currencies will be 
"exact"? Over time? (exchange rates are not constants).In real life 
conversions between currencies you aren't even always getting the 
official rate.

Michael D Novack