[GNC] Multiple currencies involved - how to correctly deal with it?

[Boniforti Flavio]

>
> This all looks correct: the "shipping cost of sales" SHOULD wind up bing 0
> because you didn't actually have any expense (they actually paid for it,
> not you). That account should show an increase when you purchased the
> shipping label, and then decreased back down to zero when you received
> their funds.


In fact this makes sense, although the account "shipping cost of sales"
should simply show me how much I've spent for shipping what I sold -
regardless of the incoming money to pay for it. It's always the buyer
paying the shipment (whether he/she sends me the money upfront or not)...

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Am Mo., 16. Juni 2025 um 19:33 Uhr schrieb R Losey <rlosey at gmail.com>:

>
>
> On Mon, Jun 16, 2025 at 6:00 AM Boniforti Flavio <boniforti.f at gmail.com>
> wrote:
>
>> Hi all.
>> I thought I got this one sorted last year, but apparently my notes are not
>> correct/up-to-date... please bear with me.
>>
>> The SECOND USE CASE is (to me) a bit more complex:
>> - item POD, sub-account of the "EUR instrument collection", bought for 285
>> Euros;
>> - sold the item for 630 Euros, of which 27 Euros I would spend for the
>> shipping;
>> I've done it like this:
>> - increase my EUR checking account by 630 Euros - the account for this
>> transaction is the "Item POD" one, where it gets split into 285 Euros (to
>> zero the value of my asset), 27 Euros to "Expenses EUR:Post:Shipping cost
>> of sales" and 318 Euros to "Income EUR:Music Equipment sales EUR".
>> The problem I'm encountering here, is the fact that in the account
>> "Shipping cost of sales" I have 2 transactions: an earlier one of 27 Euros
>> (because I had to buy the shipping label before receiving the money from
>> the intermediary) and then a "rebate" of 27 Euros... but this is creating
>> a
>> wrong total amount for the account "shipping cost of sales"...
>>
>> Anybody willing to help me go through this? It'll be very much appreciated
>> (and I shall take screenshots and notes for the process, so that I can
>> just
>> look them up for future transactions).
>>
> --
>
> This all looks correct: the "shipping cost of sales" SHOULD wind up bing 0
> because you didn't actually have any expense (they actually paid for it,
> not you). That account should show an increase when you purchased the
> shipping label, and then decreased back down to zero when you received
> their funds.
>
> If you MUST track the shipping costs, whether or not they are you receive
> funds, I suggest creating sub-accounts under the shipping cost; one for the
> expenses, and one that tracks what people paid to you. Thus, the overall
> account will show your net expenses (zero in the example above), and you
> will have an account with shipping.  Personally, I wouldn't do this, but
> the beauty of GNC is that you can configure it to meet your needs.
>
>
>
> _________________________________
> Richard Losey
> rlosey at gmail.com
> Micah 6:8
>