It was probabably due to my placing the securities accounts under
accounts in CHF and entering the first transactions in the securities
accounts instead of in the associated accounts for purchase & sale (see
my reply to John Rails). Stock quotes retrieved from Yahoo as json do
show the correct currency, but my AUD investments have been in bonds and
ETFs, for which I haven't found any online quote sources, The price
editor does in fact have a currency settting, however, it doesn't have
any effect on prices which were taken from transactions. I can edit
such a price and change the currency in the dialog, but when I click
"Apply" and "Close", nothing is changed. Going through the price
database has uncovered several other cases where securities transactions
were entered with incorrect currencies. To prevent future occurences I
have now inserted additonal account levels for currencies where they
were previously missing, even though the resulting account structure is
even unwieldier than before:
Assets - Investments - <bank> - <investment type> - <currency> - <security>
where <investment type is one of bond, fund or stock. Perhaps I should
dispense with the <investment type> level.
I did find one price in CHF for a security under a GBP account, but it
is possible that I had entered the purchase transaction before
introducing the currency-specific subaccount structure.
Our tax authorities insist on reporting produced by the banks (which
costs us extra), so the mistakes in my accounting are irrelevant for tax
purposes. We do have a well-versed Swiss tax accountant and don't have
to worry about foreign taxes because they are reported in the bank data
and generally deducted at the origin.
Unfortunately for us, dividends are taxed as income in Switzerland,
unless they are paid out of corporate reserves as "return of capital".
On 10.02.20 22:09, David Cousens wrote:
Not sure, but I don't understand why the prices of the securites were in CHF.
Since you have AUD income and expense
accounts associated with the securities and you record their purchase/sale
against an AUD foreign currency account I
would have thought the securities would have been in AUD if traded on the ASX.
A lot will depend upon what you are required to supply to your tax authorities,
where tax is paid, and what rules apply
on timing of conversion from AUD to CHF for tax recording purposes. For that
sort of info you will need a Swiss tax
accountant with foreign tax experience.
In Australia companies operate under a company tax regime where tax paid on
company profits is not normally taxed again
as a dividend in the hands of a shareholder. The shareholder receives a
franking credit for the tax paid in the hands of
the company to offset against their income tax. Not all share dividends are
franked however. This of course only applies
to Australian shareholders who pay income tax in Australia unless some sort of
reciprocal tax agreement between
countries exists covering these taxes.
On Mon, 2020-02-10 at 14:21 +0100, rsbrux via gnucash-user wrote:
Many thanks to both of you for your suggestions!
@Adrien,
The accounts in question already had the correct currency (AUD)
assigned. The accounts in question are a foreign currency account in
AUD, three accounts for AUD-denominated securities (which I bought/sold
in the above-mentioned foreign currency account), various expense
accounts in AUD and an income account in AUD for interest. The
transactions between the foreign currency account and the expense
accounts were recoreded in AUD as expected. All other transactions were
recorded with CHF exchange rates, although no currency conversions were
called for. The prices of two of the three securities were also
recorded in CHF. SInce the GC UI shows all accounts in AUD (except for
the securities accounts, which IIRC, do not have a currency) it was
unclear to me which account(s) I should duplicate.
@David,
My default currency is CHF; I live in Switzerland. Trading accounts are
turned on. I have tried to fix this in the XML based on the information
you provided. I tried to look up more information about the file
structure, but the guide
<https://www.gnucash.org/viewdoc.phtml?rev=2.6&lang=C&doc=guide> wasn't
much help, and the wiki <https://wiki.gnucash.org/wiki/> appears to be down.
IAC, I edited the price records for the two securities which had
incorrect price currencies, as well as all transactions which refenenced
any of the three securities accounts, changing the currencies from CHF
to AUD. This appears to have fixed the problems, but I am keeping a
couple of pre-edit backups, as you recommend.
Am I the only one to encounter problems like this?
SInce the problem seems to have been with the (implicitly determined)
currencies of the prices and the transactions, would it be possible to
add an option to the price editor dialog for each price and to the
exchange rate editor for each transaction to change or select the
currency? From what I have learned about the data structure, this looks
like the easiest way to provide a less dangerous way to fix such problems.
Date: Mon, 3 Feb 2020 10:31:58 -0600
From: Adrien Monteleone <adrien.montele...@lusfiber.net>
To: Gnucash Users <gnucash-user@gnucash.org>
Subject: Re: [GNC] Account Currency Screwed Up Again!
Message-ID: <821d9637-24ee-4c33-a1bf-792fe55e8...@lusfiber.net>
Content-Type: text/plain; charset=utf-8
Would creating a new duplicate account with the proper assigned currency, then
deleting the old account and choosing
to transfer all transactions to the new currency work?
That would be significantly easier than manual editing.
I?m not sure how the use of Trading Accounts affects this, or if it should or
should not be turned on.
Regards,
Adrien
On Feb 3, 2020 w6d34, at 4:45 AM, David Cousens <davidcous...@bigpond.com>
wrote:
Have you checked the default currency used Edit->Preferences, Accounts tab,
Default Currency. It is normally set to locale. I guess you are in Australia
so it should be AUD. If not, diid you possibly create the book originally
while overseas or the locale on your computer was not set to Australia.
AFAIK it is not possible to edit the currency of an account once it is
created in the Edit Account dialog only in the New Account dialog.
It should be possible to edit the file this but fraught with possible
problems. Work on a copy of your original file and don't save it over the
original until you are really sure that the problem is fixed and other
problems haven't been created. I would keep a copy of the original even
after you reach this point just to be sure.
Your XML file will have to be uncompressed Edit ->Preferences General Tab
and uncheck the box which says compress files. You may then have to force a
Save. I did this by creating a dummy transaction in a register then hitting
the Save button in the toolbar, deleting the dummy transaction and clicking
Save again.
The section of the XMLfile which contains the commodity information for an
account is reproduced below for a SGD account I have.
<gnc:account version="2.0.0">
<act:name>TravelMoney_CC_SGD</act:name>
<act:id type="guid">*7db63ffa514d478191dea006748d7bd6*</act:id>
<act:type>LIABILITY</act:type>
<act:commodity>
<cmdty:space>CURRENCY</cmdty:space>
*<cmdty:id>SGD</cmdty:id>*
</act:commodity>
You will have to have the commodity you wish to change the account to
specified earlier in the file in a section like
<gnc:commodity version="2.0.0">
<cmdty:space>CURRENCY</cmdty:space>
<cmdty:id>SGD</cmdty:id>
<cmdty:get_quotes/>
<cmdty:quote_source>currency</cmdty:quote_source>
<cmdty:quote_tz/>
</gnc:commodity>
Each transaction to the account will have the commodity specified in a
<trn:currency> tag set. You would need to find all of these and change the
commodity similarly
<gnc:transaction version="2.0.0">
<trn:id type="guid">4ec8a9416b31469bb1eeaf79c5557092</trn:id>
<trn:currency>
<cmdty:space>CURRENCY</cmdty:space>
<cmdty:id>SGD</cmdty:id>
</trn:currency>
<trn:date-posted>
<ts:date>2019-03-17 10:59:00 +0000</ts:date>
</trn:date-posted>
<trn:date-entered>
<ts:date>2019-05-14 03:25:18 +0000</ts:date>
</trn:date-entered>
<trn:description>XX 1897 BP-BOOKSACTUALLY</trn:description>
<trn:slots>
<slot>
<slot:key>date-posted</slot:key>
<slot:value type="gdate">
<gdate>2019-03-17</gdate>
</slot:value>
</slot>
</trn:slots>
<trn:splits>
<trn:split>
<split:id type="guid">2bf944df822042849e1cbd5a2b6db3c8</split:id>
<split:reconciled-state>n</split:reconciled-state>
<split:value>6100/100</split:value>
<split:quantity>6654/100</split:quantity>
<split:account
type="guid">7be97b5f738386fd2272881dc33a0272</split:account>
</trn:split>
<trn:split>
<split:id type="guid">4ef42d767cc748f79ce09d6d8f2d3043</split:id>
<split:reconciled-state>y</split:reconciled-state>
<split:reconcile-date>
<ts:date>2019-05-14 13:59:59 +0000</ts:date>
</split:reconcile-date>
<split:value>-6100/100</split:value>
<split:quantity>-6100/100</split:quantity>
<split:account
type="guid">*7db63ffa514d478191dea006748d7bd6*</split:account>
</trn:split>
</trn:splits>
</gnc:transaction>
Make sure the guid for the account matches up (bolded in the above examples)
in the transaction splits and the account you have modified the currency
for.
AFAIK they are the only places you should need to modify the currency but I
only have a passing acquaintance with the file XML format and the data
structures so I cannot be sure.
The price database was the other section which had records containing the
currency
<price>
<price:id type="guid">5b56177651ba48ffa9ce7410e4f3f355</price:id>
<price:commodity>
<cmdty:space>CURRENCY</cmdty:space>
<cmdty:id>AUD</cmdty:id>
</price:commodity>
<price:currency>
<cmdty:space>CURRENCY</cmdty:space>
<cmdty:id>SGD</cmdty:id>
</price:currency>
<price:time>
<ts:date>2019-03-21 14:00:00 +0000</ts:date>
</price:time>
<price:source>user:price</price:source>
<price:value>70000/77059</price:value>
</price>
<price>
It may be easier edit that with the edit facilities in the Tools->Price
Database if necessary. None of this is really recommended but proceed with
extreme caution lots of backups and good luck.
David Cousens
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