On Monday, September 2, 2024 at 2:02:17 PM UTC+2 DK wrote:
So if I convert all my USD into EUR, I would record a transaction and will use the conversion rate offered by my bank/financial institution that will carry the conversion. This should answer questions like "how come you started with 100 EUR and 100 USD, and ended up with 300 EUR without any profit/loss?" Look at the books, and you will see that there was a conversion of 100 USD to 200 EUR at the rate offered by my bank. For business purposes, do you actually need to be able to explain how you got from net worth A to net worth B ? Please keep in mind, that in general there is no report (yet), which will explain this if case of multi-currency situation and conversion between currencies (check this ) Check discussion https://groups.google.com/g/beancount/c/MQQZ24tTgWE/m/4GlqR7_QAAAJ -- 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/f22e7fcb-3d67-4a2c-97ab-6a1c12255b32n%40googlegroups.com.
