Hello, Am 18.02.2019 um 09:29 schrieb Thoma, Herbert: > Just my humble opinion, see below inline. > > Am 17.02.2019 um 20:50 schrieb Christian Kluge: >> Am 17.02.2019 um 19:58 schrieb Wm via gnucash-devel: >> Often times with cash transactions it happens that people use simple >> exchange rates which are nowhere near the actual rates. So I might be >> paying 5 EUR for a service worth 20 PLN according to the receipt, so you >> might assume that the exchange rate is 1 to 4, but the actual rates are >> in a range of 1 to 4.2/4.3. > > If you paid 5 EUR for that service, then this is the only fact that > matters for accounting. Some account (bank or cash) is decreased by > 5 EUR and some expense account is increased by 5 EUR. Nobody (at least > not the german tax authorities, if you want to report this expense for > tax purposes) cares that the service might be worth 20 PLN. You paid > 5 EUR for it and that you need to record. >
There is one exception to this being VAT calculation. Sect 16 Par 6 of the German VAT act stats that foreign currency amounts should be converted with the monthly ECB averages or the actual daily rates. https://www.gesetze-im-internet.de/ustg_1980/__16.html Of course you’d record the full 5 EUR but a rate of 1 to 4.2 only 4.76 EUR would be subject to VAT. Kind regards Christian Kluge _______________________________________________ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
