[GNC] NEw user assistance

[john]

That's a very long-running discussion with another Canadian CPA, see https://bugs.gnucash.org/show_bug.cgi?id=797796
and https://bugs.gnucash.org/show_bug.cgi?id=798004.

The simplest workaround is to set up an account structure that looks like
Assets
	Investments
		Stocks
			Stocks-USD
				AAPL

As long as you keep the priceDB updated with both CAD-USD exchange rates and AAPL prices the Stocks account will show the value of the AAPL shares in CAD. Unfortunately if you have several USD stocks and want to track them individually you'd need to do something like
		Stock-AAPL-CAD
			Stock-AAPL-USD
				AAPL
		Stock-GOOG-CAD
			Stock-GOOG-USD
				GOOG

Which could be a bit tiresome. An alternative is to set things up as you would normally, i.e.
Assets
	Investments
		Cash
		Stocks-USD
			AAPL
			GOOG

and use the Advanced Portfolio Report to show the values in CAD.

I don't understand what you mean by "the currency exchange function", but if you want to retrieve the CAD-USD exchange rate you need to get an Alphavantage API key. The issue in bug 798599 is resolved because Alphavantage put currency exchange rates back to being available with a free API key. F::Q version 1.53 switched to a different retrieval method that broke retrieving precious metal rates (e.g. XAU-CAD) so if that's your concern you need a F::Q version that isn't 1.53; the current release is 1.54.

Regards,
John Ralls


> On Jan 6, 2023, at 6:05 AM, Karl <karlsawatzky419 at gmail.com> wrote:
> 
> Hello David and everyone,
> 
> Thank you for your messages. A little background about myself: I'm a
> Canadian (born and raised), and a CPA. I have been using GnuCash for a
> while now, but am interested in delving deeper into its functions that can
> be useful to me. I use GnuCash only for personal and private use for my
> household, not for business purposes in any way.
> 
> I am currently running Microsoft Windows 10 Pro (Build 19045) on my main
> machine at home, and am using GnuCash Version 4.10 with "Finance::Quote
> 1.54" and perl (v5.32.1).
> 
> I am enjoying the Chapter 9 - Investments part of GnuCash and have
> successfully set up the Automatic Online Retrieval of Stock Quotes. What a
> great function!
> 
> The trouble is, I can't figure out a way to have any foreign investments
> denominated in my local currency (CAD). For example, if I invest in, let's
> say, Apple Inc (NASDAQ: AAPL), which is traded on the NASDAQ (a foreign
> market for me), the share(s) value only shows up in the currency of the
> market in which it is being traded (in this case, USD). How do I get
> GnuCash to denominate and show me my foreign investments in my local
> currency (CAD)?
> 
> Not sure if this is related but, I also tried to set-up the currency
> exchange function, but it appears that this is no longer functional due to
> the API Key from Alphavantage. Is this true?
> https://bugs.gnucash.org/show_bug.cgi?id=798599
> 
> Thank you everyone. Happy to see that there is a supportive and
> collaborative community here!
> 
> Regards,
> 
> *Karl*
> 
> 
> On Thu, 5 Jan 2023 at 20:07, David H <hellvee at gmail.com> wrote:
> 
>> Welcome to gnucash Karl.
>> 
>> I think from memory Nabble went away during the pandemic about 12 months
>> ago, so maybe forget that one :-)  If you have any questions, post them
>> here to the gnucash user list (gnucash-user at gnucash.org) and you'll get
>> all the help you need.  Also just a heads up do NOT use reply to reply to
>> individuals, use REPLY ALL so that everyone benefits and can contribute to
>> the question at hand.  Also if you subscribe to the digest version and
>> reply to something, update the subject to something meaningful don't just
>> leave it as "Digest ......." which is pretty meaningless and trim any
>> extraneous cruft out of the reply.
>> 
>> Also it always helps to include what version of Gnucash you installed and
>> on what OS as things vary a little from Windows to Linux to MacOS - so lets
>> start there, which is it ?
>> 
>> Cheers David H.
>> 
>> ps don't forget that "Reply All". :-)
>> 
>> 
>> On Fri, 6 Jan 2023 at 11:31, Karl <karlsawatzky419 at gmail.com> wrote:
>> 
>>> Hello there!
>>> 
>>> I am a new user to GnuCash and am looking for some assistance. I have
>>> subscribed to the mailing list and am attempting to access the Web Forum
>>> (Nabble) for further assistance from other users.
>>> 
>>> Specifically, I am trying to set-up the online pricing list for stock
>>> quotes.
>>> 
>>> Please assist. Thank you for your assistance.
>>> 
>>> Regards,
>>> 
>>> *Karl*
>>> _______________________________________________
>>> gnucash-user mailing list
>>> gnucash-user at gnucash.org
>>> To update your subscription preferences or to unsubscribe:
>>> https://lists.gnucash.org/mailman/listinfo/gnucash-user
>>> -----
>>> Please remember to CC this list on all your replies.
>>> You can do this by using Reply-To-List or Reply-All.
>>> 
>> 
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.