Ok, you've got a good point. File a bug report at bugzilla.gnome.org. Should we make another special commodity namespace for "non-ISO currencies" or "user-defined currencies"?
-derek bruno schwander <[EMAIL PROTECTED]> writes: > On Wed, 24 Dec 2003, Derek Atkins wrote: > >> Just set up a Stock or Mutual account, which will help you keep track >> of the amount of the commodity in addition to the value of said >> commodity. A stock/mutual account is a type of asset. Why do you >> feel you need an account of type "asset" specifically? > > for the same reason that a checking account is not a stock market account > with dollars traded in it, where you 'sell' and 'buy' dollars; but instead > you use a 'bank' type account. Fees and all transaction are made in the > unit of the account (dollars, deutsche mark, or weight of metal for > example) > > You have never seen metal-denominated bank accounts ? I can tell you it is > common, not just with the e-currencies, and they are NOT stock or trading > accounts. > > This is pretty different from having a stock or mutual account. It is not > different from how national currencies are handled in normal checking/bank > accounts, there is just another unit, a certain weight of metal that > increases or decreases with each transaction. One does not 'buy' and > 'sell' the commodity, there are therefore no buy and sell prices, and one > does not care what those prices are except when some transactions are made > out to a different currency. > > Telling me to use a stock/mutual fund account to represent a > gold-denominated bank account is aking to the following situation: > > Let's imagine that GnuCash is totally US-centric and only manages US > dollars. Someone comes along and wishes GnuCash managed also Indian > rupees. The solution, he is told, is to have a stock account in which he > trades Indian rupees in and out, converting payments and such in US > dollars. > > Does that make sense ? It seems not. The indian guy does not care for US > dollars except for that small USD account that he uses to receive money > his relatives in the US send him. Twice a year he transfers the USD > amounts to his Indian rupees account, but the vast majority of his > transactions are in Indian rupees. > > So that is why I think that metal-denominated 'bank' accounts should be > available in gnucash, just as DM, USD, YEN, and CHF... > > bruno > >> >> -derek >> >> bruno schwander <[EMAIL PROTECTED]> writes: >> >> > Hi, >> > >> > A quick suggestion for the assets accounts, that I think would be a first >> > for an accounting software and very in-line with >> > open-source/alternative/free/privacy etc. mentality of the open-source >> > movement: >> > >> > It should be possible to define an asset account in a different unit than >> > just some national currencies. For example, precious metals. This is >> > probably not very common in the US, but it is possible in some countries >> > to have gold or silver-denominated accounts. Of course balances have to be >> > tracked in terms of mass of the given metal in the account, and a national >> > currency value could be derived from online quotes (just like stocks). >> > >> > This would also make it much easier for those who use precious metals >> > backed e-currencies (e-Gold, etc.) >> > >> > If this can already be managed by some asset/stock account scheme, then >> > I'd be glad id someone can point it out, thanks ! >> > >> > bruno >> > _______________________________________________ >> > gnucash-devel mailing list >> > [EMAIL PROTECTED] >> > http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel >> > >> > >> >> -- >> Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory >> Member, MIT Student Information Processing Board (SIPB) >> URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH >> [EMAIL PROTECTED] PGP key available >> > > -- Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory Member, MIT Student Information Processing Board (SIPB) URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH [EMAIL PROTECTED] PGP key available _______________________________________________ gnucash-devel mailing list [EMAIL PROTECTED] http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel
