[GNC] Multi-currency split

[William Prescott]

I don't think I am seeing all of this conversation, but based on what I see, I can mention what I do in a similar situation.

I often withdraw money from a USD account in MXN. Then use the MXN in cash for living expenses.

When I get cash from the ATM, I make one entry in Gnucash with two lines:

In the bank register the amounts appear in USD 
US Bank USD account: Withdrawal
Cash MXN account: Deposit

In the Cash account the amounts appear in MXN.
Cash MXN account: Receive
US Bank USD account: Spend

Then when I use the cash, everything is in MXN, Spent from the Cash account Credited to whatever expense account is involved. I have expense accounts in both currencies, but typically cash expenditures are in MXN, so there is no further currency conversion after the ATM transaction.

Best wishes,
Will

On 26 Nov 2024, at 19:57, Fred Tydeman <tydeman.fred at gmail.com> wrote:

On Tue, Nov 26, 2024 at 7:50 PM Murugan Mariappan <
m.muruganandam at hotmail.com> wrote:

> In the example i sent
> 
> Grocery : XCD Account
> Petty Cash: XCD Account
> Credit Card: USD Account
> 
> Is this the same way you have structured it?
> 

No.  Grocery and Credit card are both USD.


> In your example you state that you are entering XCD 90.2  from credit card
> what is the counter entry you make in the credit card account?
> 

In the XCD cash account,
I enter 90.02 with credit card as the counter entry.
I enter 108.30 with groceries as the counter entry.

The XCD cash came from an ATM transaction some days ago,
so GnuCash has an exchange rate between USD and XCD.
_______________________________________________
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.