Thank you,
In my case, this seems to be related to the EUR/USD rate.
When I print a trial Balance, and I change which rate to use "Nearest in time,
Last recorded price, etc.." this figure (UNrealised losses) is changing. I do
not have inventory.
So I feel this is "Difference of Exchange" . Is my understanding correct?
Thanks,
EE
-----Original Message-----
From: Derek Atkins <de...@ihtfp.com>
Sent: Tuesday, November 1, 2022 8:16 PM
To: Eid Eid <eid...@ideko-lb.com>
Cc: Gnucash Users <gnucash-user@gnucash.org>
Subject: Re: [GNC] Gnu Cash / UNrealised Losses in Trial balance
Hi,
On Tue, November 1, 2022 1:53 pm, Eid Eid wrote:
> HI to all.
> I am getting an amount as Unrealized losses in my trial balance, and
> this is popping up while enot being related to a given
> registry/account. It seems to be generated by the system, and by
> playing around, I am convinced it is related to Difference of Exchange.
> Can someone explain to me what this is, and how to get rid of it?
>
> Thank you,
You buy 10 widgets at $10 each.
You sell 5 widgets at $15 each.
You need to account for that (realized) gain.
Now the widget price increases to $20 each. That would be unrealized gain..
>
> Eid E. Eid
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
-derek
--
Derek Atkins 617-623-3745
de...@ihtfp.com www.ihtfp.com
Computer and Internet Security Consultant
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