Hi all, IIRC having equity account in something else than the domestic (book) currency is discouraged. Can some experts (CPA etc.) explain the details?
I see currently only a pragmatical use case: While I create my inventory I record only the number of shares as a reminder and later, after finding the recipe or another reliable prize source, replace the record by one containing the real prize. For the records: David opended https://bugs.gnucash.org/show_bug.cgi?id=798163 - Equity Accounts Creation for different commodities about this issue. The motivation for the original change can be read in https://bugs.gnucash.org/show_bug.cgi?id=797836 - Add support for specifying an opening balance account Regards Frank Am 09.04.21 um 17:23 schrieb D.: > Frank, > > Thank you for an explanation. I have tested your advice and found it wanting. > > Here are my observations after a morning of tests: > > * The new code creates a new equity account whenever the new account has a > different currency/commodity than the base currency of the book regardless of > the underlying type of the account. Because Stocks and Mutual Funds have a > different currency/commodity from the base currency, these are the first > times I have seen this. > > * The Opening Balance setting on the Equity:Opening Balances account has **no > effect** on the behavior of this code. New Opening Balances accounts are > created under exactly the same circumstances as when this setting is left > unchecked. > > * The new code automatically creates the Opening Balances - XXX account every > time an account with a different currency is touched. This includes deleting > an account--so, for example, when I created a dummy account that triggered > the new equity account creation, deleted the Equity account, and then the > dummy account, the new code re-created the equity account before deleting the > account for which the equity account was required in the first place. This is > truly an ugly corner of this code. > > I believe the patch needs to be reconsidered more fundamentally to only be > invoked on a new file. I don't want the program deciding that I need an > equity account for every new asset I add to the account structure. I can't > understand why an opening balance equity account is needed for an asset in > which I identify the source of the opening balance. > > There is another problem with the logic in this change, though. In my case, > the program created a new equity account-- and then didn't assign any splits > to it. That suggests strongly that it shouldn't have created the account in > the first place. > > Finally, to do all this without even a dialog alerting the user of this > action is extremely disturbing. I personally don't look at the Equity portion > of my account tree very often; I only happened to notice it in a combo box. > > I repeat my recommendation that this change be limited to new or empty files > only. Either that, or the change should be reverted until a better solution > is found. As it stands, there is no way I can prevent this stupidity from > happening EVERY TIME I ADD A NEW STOCK ACCOUNT. > > Yikes. > > David _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
