On Tue, 6 Nov 2018 at 15:30, Christian Kluge <frakturfr...@gmail.com> wrote:
> > The currency logic is pretty simple: every amount you see in the invoice > > entries is assumed to be in the customer's default currency. They income > > account for each entry can be in a currency different from the invoice > > account. In that case a currency conversion will be applied when posting > this > > amount to the income account. But as amounts for billable items come > from the > > entries, they are assumed to be in the customer's currency. > > > That’s why my solution would be never to income and expense accounts in > foreign currencies, but only assets and liability accounts in addition > to the trading accounts. > Expense accounts mostly get smoothed into one currency by the effects of having banks convert on deposit or charge in bank accounts and credit cards. Although I still have to deal with foreign currency service charges on international wire transfers. I don't think it's reasonable to expect to have only one income currency with international clients. > For the actual problem my solution would be as follows. > > [..] > The last operation would be to add a transaction from the temporary CAD > asset account to your normal USD income account. > > I had to read it a few times, but I think I follow that. I'll give it a shot later and see what happens. Thanks _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org 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.
