Am 20.02.2019 um 14:09 schrieb Wm via gnucash-devel: > On 17/02/2019 19:50, Christian Kluge wrote:
>> It might be your so called valuation exercise, but it annoys me very >> much that Finance::Quote doesn’t fetch the daily average quotes from the >> ECB yet. > > Any F::Q valuations should not affect your day to day life, I am well > known for saying gnc is not suitable for trading. Governments generally > don't care about one up or one down in decimal points for most people. Have I said anything about trading? Don’t try to interpret things. I know that the ECB rates are suitable for this case however they are a reference recording value. >> Often times with cash transactions it happens that people use simple >> exchange rates which are nowhere near the actual rates. So I might be >> paying 5 EUR for a service worth 20 PLN according to the receipt, so you >> might assume that the exchange rate is 1 to 4, but the actual rates are >> in a range of 1 to 4.2/4.3. > > My advice is to record the actual values, forget the theoretical > exchange rate as you are unlikely to get it. > >> So unless we’re talking about bank transfers or exchanging real currency >> there are situations where you’d want rates instead of the actual >> amounts exchanged. > > It seem stupid to me to account for what you wished rather than what > happened. > > Did you eat 5EUR worth of some food or 20PLN of some food? The food has > gone inside you and out by now :) > > Accounting is not a youtube thing, you don't value something afterwards > unless it has residual value. Your poo is just that, your poo, no value > in most currencies :) > Let me expand my example: Let’s say I’m doing someone else’s accounts and going through the liabilities first and see an invoice for 20 PLN. Then I don’t go through the bank statements first and try to find this transaction for the real value transferred but use the (monthly average) ECB quote. I don’t know how it’s done in the UK but in the end a balance sheet has to be in Euro in Germany, so it has to be converted anyway. Kind regards Christian Kluge _______________________________________________ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel