[GNC] US Based - have income in both USD and GPB - how to enter into GnuCash

[Michael or Penny Novack]

On 3/12/2025 3:29 PM, Bruce Griffis wrote:
> I started doing some online stuff for Prolific. They pay in both US 
> dollar and GPB depending on where the researcher is located. My 
> default currency is USD. How would I record an income transaction that 
> is in GPB? Would I need to do a conversion based on USD to GPB on that 
> day? 

You are leaving an awful lot out. How are they paying you? Handing you 
currency? (unlikely). A check made out in GPB? A direct deposit to a 
bank account denominated in GPB? Do they do direct deposit to bank 
accounts denominated in USD (for researchers physically in the US. You 
have bank accounts in what currencies?

When evaluation of holdings in another currency takes place you should 
refer to the rules of the jurisdictions to which you must report. Could 
be a horrible situation where you have to report to more than one and 
they do not agree on the "when evaluated".


Michael D Novack