Hi, On Sun, Nov 19, 2023 at 02:42:57PM +1000, David Cousens wrote: > Unless you have a lot of business in USD it is not generally worth setting up > a > separate USD account. I usually do the occasional purchase totally in AUD > with a > note in the description of the USD->AUD conversion rate. In this case the > transaction looks like: > > Bank Account Cr AUD value of USD purchase + AUD Transaction Fee > Expense:Purchases Dr AUD value of the USD purchase (could also be an asset > account if a capital purchase) > Expense:Bank Fees Dr AUD Transaction Fee.
So basically you convert the charges for individual items within the bill so that the bill comes out in AUD? > If you maintain funds in a USD account for such purchases as you might in a > business situation where purchases are regular then the situation is > different. Not business but this is a regular monthly charge. Still need to choose something that makes sense and your method (if I'm right) does have the advantage of linking payment and bill nicely. AP _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
