I don't think you'd have separate accounts. But you might want to turn
on the Trading Accounts feature that can handle adjusting splits for
multi-currency transactions. (such as getting paid in USD, but the bank
shows receipt in GBP)
I dare hazard a guess that if your account is denominated in GBP, that's
all it should be. How the bank handles receipt of other currencies and
conversions will be a separate exercise for you to have fun with. (where
turning on Trading Accounts might be helpful)
Regards,
Adrien
On 12/22/22 9:56 AM, Dr. David Kirkby wrote:
My Bank is a UK bank, but I sometimes buy things in $HKD, and fairly
regularly receive payments in USD and EUR in addition to the obvious GBP.
Should I set up accounts like this? (American's call them checking
accounts, but we don't here).
Assets: Current Assets: Bank Account (GBP)
Assets: Current Assets: Bank Account (USD)
Assets: Current Assets: Bank Account (EUR)
Assets: Current Assets: Bank Account (HKD)
It's the one bank account - I don't have different account numbers for
different currencies, and can't hold balances in anything other than GBP.
I initially assumed I needed 4 accounts for 4 currencies, but now I'm
wondering if I can avoid that complexity, given I can only have a balance
in GBP.
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