On Saturday, August 31, 2024 at 9:58:01 PM UTC+2 DK wrote:
Two reasons, actually. The first one is that I get an invoice in USD. And
the second one is that I am pedantic, and want to keep a correct record in
my ledger.
Understood. But I still think the syntax, proposed by me covers your reasons
2024-08-01 txn "Some Service" ""
invoice: "xxx"
Assets:Wise:EUR -9.32 EUR
Expenses:MyComp:Operating:Software
note: "Declaration price was 10 USD"
But I also invite you to consider the following 2 issue, which you may have
to consider, when making business in multi-currency environment
Specifically unrealized gains and losses, which come from changing exchange
rates as well as gains (but mostly losses), coming from exchange of funds
with the rate, different from the one of ECB
Consider the following situation
plugin "beancount.plugins.auto_accounts"
option "operating_currency" "EUR"
2024-01-01 price EUR 1.0 USD ; ECB exchange rate
; Here you have 2000 EUR in you balance sheet report
2024-01-01 * "Opening balance "
Assets:US:Bank 1000 USD
Assets:EU:Bank 1000 EUR
Equity:Opening-Balances
; When the EUR / USD exchange rate changes, your net worth (when measured
in EUR) drops by 500 EUR.
; Do you need to reflect this somehow in your books? If so, how?
2024-01-02 price EUR 2 USD
; Now you decide to move all your USD to EUR, but the bank offers an
exchange rate, different from the ECB rate, which
; decreases your net worth by another 100 EUR.
; Do you need to reflect this somehow in your books? If so, how?
2024-01-03 * "Move all USD from the US bank to the EU bank"
Assets:EU:Bank 400 EUR @2.5 USD ; <==This is 2.5, instead of the
official 2.0
Assets:US:Bank -1000 USD
; Now you have 1400 EUR in your balance sheet report without you having had
any income or expenses.
; Will you have do explain this somehow?
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