On Sunday, September 8th, 2024 at 11:40, Megan Tilley <megan.til...@gmail.com> wrote: > > > This email failed anti-phishing checks when it was received by SimpleLogin, > be careful with its content. > More info on https://simplelogin.io/docs/getting-started/anti-phishing/ > > ------------------------------ > Hi everyone! > > You all appear to have a good handle on GnuCash, but I am a brand newbie!!! > > My environment is: > Local Currency: Australian Dollar (AUD) > Exchange Rates required for: > == USD > == GBP (UK) > == EUR > == SEK (Sweden) > - and are usually purchases that I pass through Paypal (no balance in > Paypal, at all) => buy with AUD and currency conversion made by Paypal into > seller's currency > All my investments are AUD
Hi Megan, the following comes from my tracking of a "multi-currency" card in GnuCash, though I can't speak to the "windows" side of your environment. One way to handle this sort of thing, or at least one thing to try out to see if it works for you, would be to create a "top level" Asset account called Paypal Then create sub-accounts below that called AUD Balance GBP Balance EUR Balance SEK Balance each with the Security/Currency set to to be the "foreign" Currency. Beneath the top-level Expenses account, similarly create accounts such as Forex Purchases EUR Forex Purchases GBP Forex Purchases SEK again with the relevant Security/Currency. Now, when you make. say, a "Forex Purchases SEK" purchase, you could withdraw the money from the Assets::Paypal::SEK Balance which would be a Transaction (TXN) soley enacted in SEK. but which would leave you needing to "move" some AUD into the SEK Balance, so as to leave that as 0.00) at which point you would be able to record the AUD-SEK exchange rate. You might not even need the Assets::Paypal::AUD Balance account, depending on where you withdraw the AUD monies that go via Paypal, but, having that account as a "staging" account might help you keep track. As I say, set up a test Gnucash file an play around Depending on which currency Paypal deduct their fees in, you might also want/need to create Expense accounts for, say Forex Fees AUD Forex Fees EUR Forex Fees GBP Forex Fees SEK and play around with a few TXNs to see if you think that lets you keep a better record of where your money went. HTH _______________________________________________ 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.
