On 4/3/2023 8:11 AM, Fred Tydeman wrote:
I change the USD trading split to 53.49 and click on Enter and it reverts
back to 53.25
I know what I would do if faced with the problem of trying to keep
multiple currencies in one set of books and every now and then having
small out of balances resulting from conversions involving splits that
do not seem to all add up.
I would create a special account (probably under assets but there are
alternative choices0 with a name like "conversion rounding errors".
When there was a "parts not all adding up" situation like this, I would
enter a debit or credit (whichever needed) to this account to absorb the
bit that was not adding up. If these "errors" were on both sides the
account balance probably would never become significant. If the "errors"
tended to be one-sided I'd probably every so often have an adjustment.
Why do you expect that books involving multiple currencies will be
"exact"? Over time? (exchange rates are not constants).In real life
conversions between currencies you aren't even always getting the
official rate.
Michael D Novack
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