Il 09/04/21 18:59, John Ralls ha scritto:
On Apr 9, 2021, at 9:37 AM, Andrea Borgia <[email protected]> wrote:
Il giorno dom 28 mar 2021 alle ore 03:04 Christopher Lam <
[email protected]> ha scritto:
There is some discussion in an unusually detailed bug report
https://bugs.gnucash.org/show_bug.cgi?id=797796 -- this originates in
GnuCash's transaction currency being permitted to be any currency. e.g. if
your home currency is USD, but transfer GBP to EUR, the UI will record only
GBP/EUR fx. The new method would enforce the transaction currency to be USD
therefore your GBP->EUR would require GBP/USD and EUR/USD fx rates. Thus,
w.r.t. USD, all fx gains/losses are recorded accurately.
To fix this would be an enormous amount of work and invalidate a lot of
code, but would definitely simplify and fix a lot of code too IMHO.
Does it apply also to mutual funds purchased in a foreign currency?
For example,I operate in EUR, I change a given amount to USD and use it to
purchase a USD-denominated fund.
Will gnucash with the "trading account" option enabled record everything
correctly or is it just the scenario mentioned in the bugreport?
Also, by enabling trading account in the 2020 file, I managed to precisely
account for the discrepancy in capital at end of year / beginning of year.
Should I close this amount to my Capital:EUR account or can I just carry it
forward in the trading account for 2021? I've tried entering a transaction
in the trading account but it was left unbalanced, so I gave up.
That's exactly the scenario discussed in bug 797796 except that the primary
interlocutor's home currency is CAD rather than EUR.
You need to create a capital gains transaction as explained in
https://www.gnucash.org/docs/v4/C/gnucash-guide/chapter_capgain.html.
Thanks, John. I suppose you're replying only to the question in the
first paragraph.
A few more questions:
1) is the "trading account" option (already enabled) compatible with
such a scenario?
2) am I correct that purchases and sales of a fund quoted in my primary
currency (EUR in my case) will be properly recorded simply by virtue of
the trading accounts being enabled and do not require an additional
transaction?
3) the capital gain to be recorded for the USD funds: I'm not sure I
understand where this occurs, perhaps when I am selling the USD to pay
for the shares in the fund?
It's quite frustrating that I seem to understand the general idea but
then I get lost in the details of the transactions to be entered!
I've tried looking at those generated by the trading accounts but it
didn't really help :(
Andrea.
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