On Sat, Oct 3, 2020 at 1:59 AM Oon-Ee Ng <[email protected]> wrote:
> Thanks Martin! > > On Sat, Oct 3, 2020 at 11:17 AM Martin Blais <[email protected]> wrote: > >> >> On Thu, Oct 1, 2020 at 10:49 PM Oon-Ee Ng <[email protected]> wrote: >> >> >> Or is it better (especially for income/expenses accounts) to just declare >>> them as multi-currency:- >>> 2020-10-02 open Income:InterestIncome CUR1,CUR2 >>> >> >> Up to you. I use a country code in my Income accounts (so the source >> country is clear when it's time to do taxes) but not for my expenses >> accounts. >> >> So to be clear, everything under income and expenses you don't use a > country code (and you use multi-currency)? > I do for Income, not Expenses. > > I guess it does make sense that I don't really care about which currency > it is in, just total numbers, for income/expense. > > Just organization niceness. >> >> >> >>> 2. How do I (or should I even) keep track of flunctuating exchange rates? >>> >>> My secondary (and tertiary, as my final aim is USD investments but I >>> need an intermediary currency due to how my local currency works) currency >>> is primarily for investment. My income for now is all in my primary >>> currency, but eventually there'll be dividend/capital gain (or loss, I'm >>> not naive) to be booked in the secondary and tertiary currencies. Is it >>> easy to keep track of nominal exchange rates in a way which makes sense for >>> reporting purposes, or is it better practice to only report an investment >>> in the currency it is denominated in? >>> >> >> It depends where and how you'll be paying taxes. Figure out how the taxes >> you'll have to file and to which countries, go through the calculation, >> that should tell you what rates you need to keep. I don't think there's a >> rule. >> >> My country doesn't tax capital gains or dividends from overseas > investments, and I believe the US already applies a withholding tax on > dividends anyway. But yes that's something I do need to look into. > > -- > You received this message because you are subscribed to the Google Groups > "Beancount" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/beancount/CAGQ70ev%2BOy2pfBa4mfXg%3D6mJePKV1rNEf0wQ49NVsycy%3DKQ12w%40mail.gmail.com > <https://groups.google.com/d/msgid/beancount/CAGQ70ev%2BOy2pfBa4mfXg%3D6mJePKV1rNEf0wQ49NVsycy%3DKQ12w%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAK21%2BhOvFv-xP8G_37jG%2B%3DDPynxTozNku9_y96jEXYbHUBcT%2BQ%40mail.gmail.com.
