[GNC] Exchange rate fluctuation changes historic amounts in P&L and BS

[Adrien Monteleone]

No, P&Ls are not a re-evaluation at a specific date. That describes a 
Balance Sheet.

P&L is a reporting of the results of transactions to expense and revenue 
accounts over a date range. (otherwise known as an Income Statement - 
there are entries for both in the GnuCash Reports menu. They are the 
same report) This is not a 'what if' report. Nothing unrealized belongs 
on it.

Regards,
Adrien

On 6/30/24 6:25 AM, Fred Bone wrote:
> Why? Because the P&L is a (re-)valuation at a specific date (e.g.
> "today") and there's been an unrealised loss on your asset - the €150 is
> now worth only £128+ whereas you paid £132.27 for it, and you haven't
> accounted for this. (Of course, if the Euro subsequently rises enough
> against sterling this might even be reversed and become a gain.)
> 
> Consider what happens if what you bought was actual euros (such as in
> preparation for a trip to France). They cost you £132+. If you bought
> them today instead, they'd cost you £128+. You made a £4(+-) loss by
> buying too soon. That's what the P&L is telling you.
> 
> The figures ARE correct, at least insofar as you have informed Gnucash.