Peter van Rossum wrote:
>
> Hello,
>
> I have a problem with the way gnucash handles multiple currencies. This
> might be a simple misunderstanding on my part or a bug; I just don't
> know.
<...>
> Now, I know that gnucash doesn't support "all aspects of multiple
> currencies" (yet?) and that "some safety checks are still broken", so
> it might very well be that I am doing something completely wrong here.
> Could someone, however, please tell me how this is supposed to work
> (ultimately)?
Hi.
There is the same problem with stock accounts and stock price changes.
We need some sort of intelligent automatic solution here but since
we don't have one now there is now ultimate solution to this problem
yet :-(.
I quote a part of a stock price change discussion on the list.
(This discussion took place in February 2000, if you want to see
it all, look at the mailing list archive)
Herbert.
>
> > > Now how do you enter stock purchase or sale? I think as a transfer
> > > from a bank account to a stock account or vice versa. Again no
> > > income/expense account involved... (Exept for transaction fees ;-))
> >
> > This is an ambiguous situation, as there are multiple *valid*
> > perspectives:
> >
> > ---> From the perspective of taxation, a gain on a stock that has not
> > been "actualized" by sale at the higher price is *not* a
> > gain/profit for tax purposes.
>
> Agreed, at least with current german tax laws.
>
> > ---> From my perspective as someone tracking the state of my
> > portfolio, I don't care that the government doesn't think I've
> > got a gain; I'm concerned about whether my portfolio is gaining
> > in value, and I'm glad to see the gain.
>
> Again agreed. I want to see stock gains/losses.
>
> John Hasler wrote:
> > Keep in mind that stock is not money. You are not making transfers between
> > bank and stock accounts: you are buying and selling property. Your 'stock
> > accounts' are really inventories
>
> That's a point. It would mean to treat stock like a tradesman treats
> commodities.
> But then the price must remain the purchase price. On sale this value
> gets transfered to a bank acoount and any profit/loss comes from an
> income/expense account.
--
Herbert Thoma
FhG-IIS A, Studio Department
Am Weichselgarten3, 91058 Erlangen, Germany
Phone: +49-9131-776-323
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email: [EMAIL PROTECTED]
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