[GNC] Multiple Currencies with Balance Sheet not balanced

[Fred Tydeman]

A guess on my part.

In the Balance sheet:
  Click on Options
     Click on Commodities
        Click on Price Source
          Try Closet to Report Date

You might also check if the conversion rate between PHP and USD was
recorded:
Tools
   Price Database
      Currencies
        Look in both USD and PHP for the date in question.

On Mon, Apr 22, 2024 at 3:52 PM Stephen M. Butler <kg7je at arrl.net> wrote:

> This has been a thorn in my flesh for some time but I've been too busy
> to deal with it.  The non-profit where I volunteer works in two
> currencies:  PHP and USD.  The main currency is set to USD.
>
> Chapter 12 of the Guide implies two ways of tracking multiple
> currencies:  Manually (without trading accounts) and Automatically (with
> trading accounts).  I do not have trading accounts activated.
>
> Every time I exchange USD into PHP I enter the exact number of PHP
> received for he exact USD value.
>
> Today I tracked down the first instance of the Balance Sheet going out
> of balance.  On July 4, 2023, Assets = Liabilities + Equity. [$6562.90]
> On July 5 there is a single transaction moving $626.80 USD to 34,250
> PHP.  But the Balance Sheet for that date shows Assets of $6518.06 vs
> Liabilities + Equity of $6516.45
>
> There is only one price entry for 7/5/2023 in the price database.  I did
> click on the transaction to verify the $626.80 to 34,250 PHP was entered
> correctly.
>
> This transaction was between two asset accounts.  One in USD and the
> other in PHP.  So why did my Asset value drop?  And why is the Balance
> Sheet out of balance?  I suspect I'll find more of these as I move
> forward toward today.
>
> --Steve
>
> --
> Stephen M Butler
> Stephen.M.Butler51 at gmail.com
> kg7je at arrl.net
> 253-350-0166
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