David your entries should be
Dr Assets:Bank account £424 Cr Income:Sales:Services sold worldwide (USD) : 540 Dr Expenses: Bank Fees : £7 when entering the transacitons , conversion pop up will be enabled, use the debit amount option and enter the action amount to avoid conversion issues. Saludos Cordiales Murugan ________________________________ From: gnucash-user <gnucash-user-bounces+m.muruganandam=hotmail....@gnucash.org> on behalf of Dr. David Kirkby <drkir...@kirkbymicrowave.co.uk> Sent: Tuesday, January 3, 2023 10:08 AM To: GNU Cash User <gnucash-user@gnucash.org> Subject: [GNC] Problem adding a split to a currency conversion. I have the following situation I'm in the UK, where the currency is GBP A customer in Poland paid $540 for consultancy via Zoom. He paid in advance, so I've not added him as a customer under the business features. My bank used an exchange rate of 1 USD = 0.7981499 GBP 540* 0.7981499 is approximately 431 Bank took a service charge of £7 Bank credited my company with £424 I tried to enter the above into GnuCash. The first thing was DR: Assets:Bank account CR: Income:Sales:Services sold worldwide (USD) I did not enter the exchange rate, but entered the amount of £431 GBP. So far that looked okay - the sales account credited with $540 and the bank account a debit of £431. Next I tried to split the £431 from the bank account, so £7 could be moved into an account for bank fees. However, this brings up the currency conversion tool, because it thinks the debit account is USD. Is trying to split the transaction fundamentally flawed? Or a bad idea? I can see two ways around this. I'm not sure what is technically best, but I don't suppose my accountant will be too bothered, as long as explain the transaction. 1) Add a completely new transaction for the movement of £7 to bank fees. 2) Ignore the £7, and just debit the bank account with £424 instead of £431. The bank account statement makes no mention of the £431 gross or £7 fees, but only shows the £424 net. _______________________________________________ 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.
