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
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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
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
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
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