Hi Derek,I think I found the issue in the GnuCash Documentation. I did not use trading accounts (could kick myself in the butt).
I now enabled them. Is there a way to instruct GnuCash to retroactively run the Trading Splits?
Thanks a lot. Am 12/28/22 um 17:25 schrieb Derek Atkins:
Hi, I don't see any "snip" so not sure what you are referring to... But yes, my guess is yes, it's an exchange-rate issue and not accounting for the change in value from Time_0 to Time_1 when you have a cross-currency transaction. My first guess would be what the exchange rate was on the 1000€ on the date you created the transaction, and see if that helps answer the discrepancy. The other places to look would be exchange rate differences at any other exchanges. Good Luck, -derek On Wed, December 28, 2022 4:53 pm, Sebastian Naumann wrote:Hi everyone, I have a small issue here arising, from what I believe, the Exchange rates. Background: * The entity I am working on received a Loan in EUR and decided to set their Common Stock Capital to 1000 EUR instead of 1000 USD. * The entity operated for one year only and will be closed as of 12/31/2022 * All outstanding loans were already reclassed (as part of closing the accounts) to other Income as "Cancellation of Debt Income". This is approved by the CPA. The situation at this point: * *All Invoices and bills have been paid in full!!!* * *Trial Balance is good -> Debits = Credits * * I closed out all the accounts, including the Bank Account which was closed yesterday -> Hence there are $0.00 Assets. * On the other side of the Balance Sheet, we only have o the Common Stock for 1000 EUR, which is converted to 1062.15 USD as of the latest exchange rate used -> *SO FAR SO GOOD.* o The Retained Earnings, which are the loss for the current year -> *All good here too*. o "*Unrealized Losses"* of $116.52, which, from a logical standpoint can only come from the FX Adjustment on Common Stock (see snip below) o Equity + Liabilites is now $21.55 vs Total Assets of $0.00 However, how come this does not balance? Anyone have this issue before? Mit freundlichen Grüßen Sebastian Naumann *US Compliance Manager* *MERCATORZ INTERNATIONAL GmbH & Co. KG* Klingholzstr. 7 65189 Wiesbaden Web:www.mercatorz.com <https://www.mercatorz.com> E-Mail:naum...@mercatorz.com PGP Fingerprint: DBCF ED37 6B00 25DE C469 5E0B E6B0 15C4 E292 430E Tel. (direkt): +49 (0) 611 95 00 96-11 Tel.: +49 (0) 611 95 00 96-00 *Buchen Sie Ihr Erstgespräch <https://outlook.office365.com/owa/calendar/kundenterm...@mercatorz.com/bookings/>* Sitz: DE-65189 Wiesbaden Handelsregister: Amtsgericht Wiesbaden, HRA 11324 Vertreten durch: MERCATORZ Verwaltungs GmbH Geschäftsführer: Michael Kempe Sitz: DE-65189 Wiesbaden Handelsregister: Amtsgericht Wiesbaden, HRB 32973 /Vertraulichkeitserklärung / Legal Notice Diese E-Mail enthält Informationen, die rechtlich geschützt oder vertraulich sein können. Sie ist ausschließlich für den angegebenen Empfänger bestimmt. Sollten Sie nicht der richtige Adressat sein oder diese E-Mail irrtümlich erhalten haben, informieren Sie bitte unverzüglich den Absender und vernichten Sie diese E-Mail. Das unerlaubte Kopieren oder Offenlegen sowie die unbefugte Weitergabe dieser E-Mail ist nicht gestattet. This e-mail contains information that may be privileged or confidential. It is intended only for the person to whom it is addressed. If you are not the intended recipient or have received this e-mail in error please notify the sender immediately and destroy this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden. Schützen Sie den Wald und die Umwelt! Bitte drucken Sie diese E-Mail nur aus, wenn es nötig ist./ _______________________________________________ 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.
Mit freundlichen Grüßen Sebastian Naumann *US Compliance Manager* *MERCATORZ INTERNATIONAL GmbH & Co. KG* Klingholzstr. 7 65189 Wiesbaden Web: www.mercatorz.com <https://www.mercatorz.com> E-Mail: naum...@mercatorz.com PGP Fingerprint: DBCF ED37 6B00 25DE C469 5E0B E6B0 15C4 E292 430E Tel. (direkt): +49 (0) 611 95 00 96-11 Tel.: +49 (0) 611 95 00 96-00*Buchen Sie Ihr Erstgespräch <https://outlook.office365.com/owa/calendar/kundenterm...@mercatorz.com/bookings/>*
Sitz: DE-65189 Wiesbaden Handelsregister: Amtsgericht Wiesbaden, HRA 11324 Vertreten durch: MERCATORZ Verwaltungs GmbH Geschäftsführer: Michael Kempe Sitz: DE-65189 Wiesbaden Handelsregister: Amtsgericht Wiesbaden, HRB 32973 /Vertraulichkeitserklärung / Legal NoticeDiese E-Mail enthält Informationen, die rechtlich geschützt oder vertraulich sein können. Sie ist ausschließlich für den angegebenen Empfänger bestimmt. Sollten Sie nicht der richtige Adressat sein oder diese E-Mail irrtümlich erhalten haben, informieren Sie bitte unverzüglich den Absender und vernichten Sie diese E-Mail. Das unerlaubte Kopieren oder Offenlegen sowie die unbefugte Weitergabe dieser E-Mail ist nicht gestattet.
This e-mail contains information that may be privileged or confidential. It is intended only for the person to whom it is addressed. If you are not the intended recipient or have received this e-mail in error please notify the sender immediately and destroy this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden.
Schützen Sie den Wald und die Umwelt! Bitte drucken Sie diese E-Mail nur aus, wenn es nötig ist./
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