Hi Murugan. Thanks for your compliments :-) I've indeed a passion for vintage synthesizers (but I also use/play them).
Thanks as well for the explanation on how to register such a transaction - I tried and it works flawlessly. Now another (maybe the last?!) question about this topic: am I right assuming that I should set the "Opening Balance" for both of my "vintage instrument" accounts (one in CAD and one in USD) according to what I have in my actual spreadsheet? I mean: I would need to take two different sums, one for the items I bought in CAD and another for the items I bought in USD. Thanks for your help. F. https://www.instagram.com/boniforti_music https://soundcloud.com/boniforti_music https://bonny-j.bandcamp.com Am Mo., 26. Aug. 2024 um 20:30 Uhr schrieb Murugan Mariappan < [email protected]>: > First of all, hats off to you for your passion! Vintage instruments are > definitely valuable assets and should be captured as assets > > You can keep two accounts or one asset account, it depends on what > currency you want to track the same. > > When selling one of the instruments say bought in USD but sold in CAD, the > transaction will be > > Dr : Bank Account (CAD) > Cr: Vintage Instrument Asset account(USD) > > When you enter this transaction GNUCash will ask for the exchange rate or > the debit amount. So this should be straight forward entry > > > > Saludos Cordiales > > > Murugan > ------------------------------ > *From:* gnucash-user <gnucash-user-bounces+m.muruganandam= > [email protected]> on behalf of Boniforti Flavio < > [email protected]> > *Sent:* 26 August 2024 14:13 > *To:* [email protected] <[email protected]> > *Subject:* [GNC] Assets with two different currencies and buy/sale in > different currencies? > > Hi all. > I'm starting to set up my accounts on GnuCash and I'm actually stuck > understanding how (or even if) I should add the following. > I do own a music studio with a collection of vintage instruments. As the > whole gear is worth quite some k, I thought I'd add it as an asset. So > first questions here: is it correct? Does it make sense? > Let's assume I will add it as an asset, the next question is around the > corner. I buy my gear in two different currencies, thus I would've thought > to set up two different asset accounts: one in currency A and one in > currency B. So far so good. Now the (for me) difficult part comes: I also > sell items of my collection sometimes and when I do, the transaction can be > in either one of the two currencies I bought them. Assuming I bought an > item in USD and I sell it in CAD, how would I have to enter this > transaction in GnuCash? > > As an additional info (maybe irrelevant, but anyways): as of today I > maintain a spreadsheet with the price I paid for a specific piece of gear, > including the currency I used. At the same time, I do a currency conversion > and fill the adjacent column with the converted value (e.g. bought for 1200 > USD I put the equivalent 1630 CAD in the other column). > > Thanks for any help! > F. > > > https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Fboniforti_music&data=05%7C02%7C%7C841043ea08794f4355cb08dcc5fb02af%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638602929117288045%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=rXnT%2FSlmCwFIYtwl1HWqvtfZ2hBw28ITGmmR5w9WCjM%3D&reserved=0 > <https://www.instagram.com/boniforti_music> > > https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fsoundcloud.com%2Fboniforti_music&data=05%7C02%7C%7C841043ea08794f4355cb08dcc5fb02af%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638602929117303408%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=KVnUyBkbSO0ChtSyS7oyYIXnS%2BQ257L01xy7R5XPvG0%3D&reserved=0 > <https://soundcloud.com/boniforti_music> > > https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fbonny-j.bandcamp.com%2F&data=05%7C02%7C%7C841043ea08794f4355cb08dcc5fb02af%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638602929117316351%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=Dnp1Rmqo1IkMj6l0jOoNa%2BlPefpk9Rk6zSNOaiOkcW8%3D&reserved=0 > <https://bonny-j.bandcamp.com/> > _______________________________________________ > gnucash-user mailing list > [email protected] > To update your subscription preferences or to unsubscribe: > > https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flists.gnucash.org%2Fmailman%2Flistinfo%2Fgnucash-user&data=05%7C02%7C%7C841043ea08794f4355cb08dcc5fb02af%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638602929117328512%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=kDVrPVwwURIWxNHAea836ZfKa%2B1IvmBd62B9K5csUik%3D&reserved=0 > <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. > _______________________________________________ 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. 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