Apparently the mailing list strips images, even very tiny ones.
The first image simply showed Transferwise associating 5.70 CFH = 4.67 GBP.
The second showed that gnucash is creating a correcting split in the
transaction I'd entered:
512452_Transferwise CHF 5.70
6212_cafe 5.70
512452_Transferwise CHF 5.70
51245_Transferwise 5.70
2.80
And that 2.80 is rather odd.
Jeff Abrahamson
On 15/08/2019 16:38, Jeff Abrahamson wrote:
> I purchased a coffee in Switzerland using my GBP-based Transferwise
> card. That card could hold a CHF balance, but on that day it held only
> GBP. My local currency is EUR. So I can think of my coffee purchase as
> two FX transactions: funding (GBP -> CHF) and an expense (CHF -> EUR).
>
> What Transferwise tells me is the amount of the purchase and the amount
> of the transaction. (I can also poke further and find the exchange rate
> they used and the minuscule fee, but the important point to me is the
> the two endpoints.)
>
> Now what makes sense to me based on reading about accounting principles
> for multiple currencies is that I should make one transaction thus:
>
> Coffee (CHF) <-- Bank (GBP) # This is the funding part of
> the transaction.
> Expense acct <-- Coffee (CHF) # Here I'm tracking the actual
> expense.
>
> I put those in a single transaction for easier understanding later.
> Here I've created a bank account for Transferwise (GBP) as well as
> subaccounts of that called Transferwise_CHF and some others, denominated
> in the indicated currencies. Those three accounts are transfer
> accounts: I usually expect them to have zero balance.
>
> Transferwise_CHF <-- Transferwise (GBP) # This is the
> funding part of the transaction.
> Expense/cafe <-- Transferwise_CHF # Here I'm tracking
> the actual expense.
>
> Gnucash asks me for some exchange rates, and I answer for the CHF - GBP
> part with the specific numbers provided by Transferwise and for the GBP
> - EUR part with the exchange rate I've downloaded for that date.
>
> I expect to see this in the account Transferwise_CHF
>
> 5.70 <-- 5.70 # This is the funding part of the transaction.
> 5.70 <-- 5.70 # Here I'm tracking the actual expense.
>
> and this in the Transferwise (GBP) account
>
> 4.67 <-- 4.67 # This is the funding part of the transaction.
> 4.67 <-- 4.67 # Here I'm tracking the actual expense.
>
> and something similar looking at the splits in the (euro-denominated
> expense account).
>
> But what I see (from the perspective of the CHF account) is this, which
> makes no sense to me:
>
> Gnucash has entered the 2.80, and deleting that split just makes it pop
> up again. Something is terribly wrong if any account's view of the
> transaction doesn't balance. (This is gnucash 3.4, ubuntu, build id
> 3.4+ (2018-12-30).
>
> Is this my error or a bug in gnucash? Any pointers?
>
>
> Somewhat related, I thought to import historical currencies, as I'm back
> filling some data for analysis purposes. I grabbed 10 years of daily
> quotes and imported them (3600 or so rows of data per currency). All ok
> for GBP - EUR. When I do the same for CHF - EUR, gnucash says it's done
> it, but the price database doesn't show more than a handful. When I do
> it for JPY - EUR, gnucash says it's done but the price editor shows none
> of them. The proposed exchange rates when entering transactions are
> consistent with what the price editor thinks it knows.
>
> Is there a limit on FX rates? (This is about 4000, which doesn't strike
> me as terribly large.)
>
--
Jeff Abrahamson
+33 6 24 40 01 57
+44 7920 594 255
http://p27.eu/jeff/
http://transport-nantes.com/
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