On Mon, Apr 17, 2000 at 12:11:27PM +0200, Herbert Thoma wrote:
> Peter van Rossum wrote:
> > 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.
[...]
> 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)
Thanks. I'll look through the archives to see what is said there. I
do have the impression, though, that the problem with multiple currencies
is even worse. If I buy 100 shares at $20 and then another 100 shares
at $30, I have a total number of 200 shares at a value of $5000 (at least,
I hope that's what gnucash does and not 200 x $30 = $6000; I haven't
checked...). If I then sell them all at $40, I have 0 shares in the account
at a value of -$3000. I "solve" this by moving $3000 dollar to this account
from an income account called "Capital Gains" under the pretext of "re-
evaluting stock". This way, money is occasinally in a weird account, but
at least doesn't disappear to nowhere or appear from nowhere, which is
what happens in the multiple currencies case...
Anyway, like I said, I'll look through the archives to see what everybody
else has said about this. I may even look through an accountancy book
to see how it is solved there, because this doesn't like like a problem
that is specifically related to gnucash, but to accountancy in general.
Peter
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