I have a somewhat more chaotic organization. Almost all my income is in USD and almost all my expenses are MXN. I have a top level Expense account for Pesos and another for Dollars with lots of subaccounts under them.
I have multiple bank accounts in both currencies and quite often have transactions with one side in one currency and the other side in the other currency. I transfer money between banks both within and across currencies. And occasionally I will spend money in one currency that is reimbursed in the other. GnuCash handles it all really cleanly, but it did take me a little time to figure out how it worked when I started. Will On 2022 Oct 18, at 10-18 19:45:56, R Losey <rlo...@gmail.com> wrote: For me, since my salary, bank, and credit cards are in USD, even when I spend EUR or CAN or AUS, I normally wait until the credit card expense shows up in USD and enter the USD value. Often, I will put the actual local expense on the 2nd line (I don't remember if that is called Description or Memo in Gnucash). I said that to say that I think the proposal would generally be useful only if you actually have bank accounts, credit cards in multiple currencies. On Tue, Oct 18, 2022 at 4:19 PM David Carlson <david.carlson....@gmail.com> wrote: > This is interesting and it might be an optional configuration for the > automatic account creation wizard, but not for most users who use a single > currency in their accounting. Also, this is not the usual place to propose > enhancements, but it would be a good place to refine a concept prior to > making an actual proposal. > > What do others think? > > On Tue, Oct 18, 2022 at 3:54 PM Anton Tsyganenko < > anton-tsygane...@yandex.ru> > wrote: > >> Let's take a look on accounts that are created in gnucash by default. >> Generally most of the accounts may be multi-currency, i. e. not bond to >> a specific currency: you may have cash in multiple currencies, your >> opening balances may be in multiple currencies, you may have incomes and >> expenses in multiple currencies. Bank accounts generally have only one >> currency, but there are some banks that offer multi-currency cards and >> deposits. These surely can be considered as just a few different >> accounts, but it may be more convenient to group them together.Now I >> solve that by creating sub-accounts for each currency I need for each >> account where I need it. It looks like: >> Expenses:Dining:USD >> Expenses:Dining:EUR >> Expenses:Dining:CAD >> Expenses:Transport:USD >> Expenses:Transport:EUR >> Expenses:Transport:CAD >> >> It's very painful to create all of them. I know that I may have only one >> account in my _main_ currency, but I prefer all currencies to be equal >> and not perform redundant currency conversions, for example when I spend >> CAD cash for dining in Canada. >> >> So my proposal is: >> >> All accounts that user creates are "multi-currency", like placeholder >> accounts without any specific currency. Sub-accounts for each currency >> are created automatically, when the first operation in this currency in >> this account is made. If a multi-currency account is deleted and >> operations are moved to another account, operations in all the >> subaccounts are moved to the corresponding subaccounts of the second >> account. Balances can be shown as a sum of (non-null) amounts in >> different currencies (but sometimes can be converted to one currency). >> In a multi-currency account's view (basic ledger) there should be just >> an additional column -- currency of an operation (editable as a >> drop-down menu). So user opens account "cash" and sees something like: >> >> Date | Description | Transfer | Debit | Credit | Currency | Balance >> >> 2022-10-18 | Dinner in a restaurant | Expenses:Dining | | 25 | EUR | 100 >> USD + 55 EUR >> >> That operation is a transfer of 25 EUR from Assets:Cash:EUR to >> Expenses:Dining:EUR. >> >> I would be happy to discuss the concept. >> _______________________________________________ >> gnucash-user mailing list >> gnucash-user@gnucash.org >> To update your subscription preferences or to unsubscribe: >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> ----- >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. >> > > > -- > David Carlson > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
