@Wm
Thanks for your patient explanation!
>>
Don't use the orphans for long, *always* move the tx to an appropriate account
unless you are the sort of person that throws all their financial documents in
a drawer and sorts them out only when they have to.
<<
I was unable to use (e.g. move) the transactions which I orphaned, because they
were in the wrong currency. I used the orphaned transactions as models from
which to manually transcribe the needed information into new transactions in
the correct currency. Once this was done, I deleted the orphans.
>>
gnc rewards building a good CoA, it is all to do with double entry and good
practice, if you come from a single entry finance world it can be more formal
than you expect.
<<
As a layperson, I have no doubt oversimplified. My securities accounts are
directly under Assets:Inversments:Bank presumably I should have added a
currency layer in between.
>>
Anyway, in the real world stock ABCD bought in two currencies is almost
certainly actually two holdings of that stock not one *unless* there was a
currency exchange before the purchase, in which case why not reflect that in
your accounts?
<<
In my case, it was simply an incorrect interpretation on the part of GnuCash,
because the security was linked to the wrong currency. How it could have
changed is beyond me.
>>
A parallel is people owning stock ABCD in a retirement account and an
investment account, same stock, two separate holdings, gnc recognizes the
separation even though you may not acknowledge it.
<<
Provided the account hierarchy is properly set up ;-)
>>
In general, use a CASH or BANK type account of CURRENCY CCC to buy a commodity
priced in that currency, I do something like this.
ASSET mixed stuff below GBP <-- or whatever your book currency is
\ USD account
\ shares, etc in USD
\ EUR account
\ shares, etc in EUR
It isn't really limiting, all you have to do is put a "plain" account on top of
the more complex underlying asset, that way most transactions and reports will
work as expected.
<<
Indeed, this is what I learned from the wiki article which I cited in another
post.
>>
And if you think about it, gnc is reflecting reality, when you buy a RUB asset
using CHF there are two exchanges, CHF => RUB => commodity.
<<
Indeed, this was the source of my problems, because the bank started out by
buying the (USD-denominated) security in CHF, then corrected the transaction
after I asked them to make future purchases out of my USD account. Instead
they retroactively changed the first transaction, which I had already entered
in CHF, instead of making the conversion explicit, as you suggest. Your
approach would have saved me a lot of pain, as it took me over a year to figure
out how to do it right ;-}
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