Hi, folks: I have taken a lot of documentation to know which of the three methods of computing foreign currencies is adequate when dealing with several currencies, these are: weighted average, most recent, nearest in time.
So far, I have read many comments, but mostly oriented to match stocks and other market instruments. I have also read the interesting article about GNUCash currencies management in: http://www.mscs.dal.ca/~selinger/accounting/gnucash.html and I admit that I'm suffering the jitter exposed in such article. Ok, so going to the problem: my monthly "Income Statement" is giving me deeply different results depending on the above three methods selected to account for currencies. I have built an Xcel file to try to guess the GNUCash behavior on the three sceneries, and the only result I have collected is the following: *Weighted Average* It takes an unknown average, as many of the operations were already in foreign currencies before performing purchases. So there is not a direct xchange operation to account for. Example: I transferred. Monthly Net Loss: 43.33 € *Most Recent* It has not taken a last operation price in price editor, but another one, that is slightly similar. The weird is that is has applied the same rate for ALL purchases along the month. It should take different rates, as it has moved along the month. Monthly Net Loss: 67.49 *Nearest in Time* Correct: It takes the last price in price editor. Monthly Net Loss: 11.78 Well, differences are really high. With that mess in my head, I would appreciate that someone could kindly explain more about what holy method should fit better for these reports. Thanks, Manuel. _______________________________________________ gnucash-devel mailing list [email protected] https://lists.gnucash.org/mailman/listinfo/gnucash-devel
