Re: [GNC] Foreign Currencies in one account

2020-01-27 Thread Marcell Madar
This is definitely small scale. I want to take this as a learning opportunity and figure out a more structured solution that can be scaled up and applied to other accounting problems in the future. Cheers, Marci -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _

Re: [GNC] Foreign Currencies in one account

2020-01-27 Thread D via gnucash-user
If the extent of the transactions is small, a separate spreadsheet might suffice, but I imagine it wouldn't scale much, if at all. As I have reached the point in my life where I try not to focus on small balance differences between friends, I might not be the one to advise you here. Perhaps som

Re: [GNC] Foreign Currencies in one account

2020-01-27 Thread Marcell Madar
David, That's what I was thinking for simplicity, too. However, we have to keep track of the exact CAD amounts. How should we do that? In a separate spreadsheet? At the end, we have to account for the exchange gain/(loss). If he puts in 5,000 CAD (1,000,000 HUF @ 200HUF/CAD), he wants 5000CAD ba

Re: [GNC] Foreign Currencies in one account

2020-01-27 Thread D via gnucash-user
If it were me, I'd simply record everything in HUF, unless one of the aforementioned accounts is actually denominated in CAD. David On Jan 27, 2020, 14:50, at 14:50, Marcell Madar wrote: >Hello everyone, > >Our family has one common GnuCash account in Hungarian Forints (HUF) >that is >used to

[GNC] Foreign Currencies in one account

2020-01-27 Thread Marcell Madar
Hello everyone, Our family has one common GnuCash account in Hungarian Forints (HUF) that is used to track our Hungarian bank account and the rental property related transactions. Almost all transactions are recorded in HUF. However, my brother exchanged CAD to HUF and put it in the Hungarian acco