On Monday, October 23, 2017 at 1:28:35 AM UTC+7, Martin Blais wrote:
>
> 2017-01-11 * "Initialising First State Super account"
>> Assets:AUS:First-State-Super 93,639.814336 FSS_INTL @ 1.511152 AUD
>> Equity:Opening-Balances
>>
>
> That's incorrect; you're using a price conversion ("@" syntax) in lieu of
> cost basis tracking
> You need to use "{}" syntax instead
>
I understand, however I don't know what the cost basis is -- that
information is lost in the time -- I have no way of retrieving it and this
type of account doesn't need a cost basis; it is much like an American 401k
in that way, withdrawals are taxed as income rather than a capital gain.
I naively expected to treat FSS_INTL in the same way as I treat, say,
Australian Dollars (AUD) where I don't bother to have a cost basis yet they
are still included in my net worth and other calculations.
After a bit of debugging of the networth report, it appears this is caused
by FSS_INTL being denominated in AUD, which is not my operating currency.
The networth report doesn't handle "double conversion" (from FSS_INTL to
AUD to USD). If I change the price directives to be in USD then things work
as I expect.
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