How to regularly use two currencies
I would very much appreciate if somebody could help me to solve a problem.
In GnuCash 2.6.19,on a Windows 10 computer, I made the following
arrangements – but maybe my assumptions were wrong, as I cannot see the
results I had hope for. I do not have much experience, so I dare to ask
for advice and help.
I live in Cambodia, where it is usual all over the country to use two
currencies regularly: the Cambodian Riel, and the US$ (at normally 4000
Riel per Dollar).
(In Tools, Price Editor, I have set Khmer Riels as the second currency
in addition to US$.)
I live on a farm, where, among other things, we produce, sell, and buy
vegetables.
Under Income, I created an account FARM, and under FARM an account SHOP,
and under shop a Placeholder account VEGETABLES (currency USD). Under
VEGETABLES I created a VEG$ sub-account for business in US dollars, and
another sub-account VEGR for business in Riels.
Now I enter all business actions into VEG$ or VEGR, either as Income or
Charge, according to the currency used.
After some entries, I can see the calculated result (gain or loss) in
US$ in the Placeholder account VEGETABLES.
I had hoped that the entries in VEGR would be transferred into US$ and
also be part of the reported results in the placeholder account
VEGETABLES – but this is not the case.
Now my kind request:
1) please tell me if there is a way to get also the Riel values
reflected in the Placeholder account above the VEGR; I had assumed that
this should be possible with Placeholder accounts which are “intended to
be used for hierarchical organization of accounts” - but maybe not when
different currencies are involved?
2) please give me advice if all this is wrong – how could I handle our
situation? Every purchase and sale has to be recorded in one of the two
currencies.
My hope was to get the overall results in US dollars in this way – and
the goal remains the same: at the end of he day/week/month, I want to
know how we did manage – all calculated in US$.
Thanks for any help.
Norbert KLEIN
_______________________________________________
gnucash-user mailing list
[email protected]
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
If you are using Nabble or Gmane, please see
https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
