On 3/12/2025 3:29 PM, Bruce Griffis wrote:
I started doing some online stuff for Prolific. They pay in both US dollar and GPB depending on where the researcher is located. My default currency is USD. How would I record an income transaction that is in GPB? Would I need to do a conversion based on USD to GPB on that day?
You are leaving an awful lot out. How are they paying you? Handing you currency? (unlikely). A check made out in GPB? A direct deposit to a bank account denominated in GPB? Do they do direct deposit to bank accounts denominated in USD (for researchers physically in the US. You have bank accounts in what currencies?
When evaluation of holdings in another currency takes place you should refer to the rules of the jurisdictions to which you must report. Could be a horrible situation where you have to report to more than one and they do not agree on the "when evaluated".
Michael D Novack _______________________________________________ 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.
