Hello! I'm at my third attempt to try accounting with beancount. Many things in accounting are new to me. So I try to do the actual accounting as well as I know for now and learn as I move.
I guess one beginner's question is how to deal with currency conversion in transactions. Take this fake example. Transferring money from a European bank to Wise in EUR and then to another bank in XXX. So Wise gives the information for the transaction like this: Transaction details | You sent | 100 | EUR | | Our fee | 5.67 | EUR | | We converted | 94.33 | EUR | | Exchange rate | 12.3456 | XXX/EUR | | You received | 1164.56 | XXX | What I did now was to enter this transaction like the following in beancount: 1972-08-17 * "" "Transfer" Assets:EU:Wise:Transfer -100.00 EUR Expenses:Financial:Fees:Wise 5.67 EUR Assets:AU:Bank:Checking 1164.56 XXX @ 0.0810005184033 EUR I guess this works, but I'm not sure if I should invert the conversion rate every time for transactions like this? Or is there another/better way to do this? Again, sorry for the basic nature of the question. Alex -- 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/CAMPYxdm00fGPJKWdwR7uPzxXQ8KDO2zQOn3H98hgkpyH%2B7P2nQ%40mail.gmail.com.
