On Fri, Sep 1, 2017 at 3:06 PM, Joel Swanson <[email protected]> wrote:
> Hello ledger community, > > I'm trying to find the best way to use ledger to track my transactions, > and to calculate capital gains/losses. Is it possible to book commodities > in one currency, sell them in another on a later date, and providing have > ledger correctly calculate the capital gains/losses? For example, in this > made-up transaction, last June I sold 0.75 BTC I'd bought with USD in the > US for euros. You can see below that the bitcoin was actually from two > different purchase lots: > Ledger can deal with this in a number of ways. What sort of gets in the road is that according to governments they want your books to be in 1 currency. My guess is that means in your case in $USD. Change from something into $USD and then from something back into $USD. I use the comments area to track all of this - - - but that is only one way of doing things. I use something like this (I work in a different currency) ; booked as 32.59 USD ; any other notes Expense: blah blah: 8754.99.87.14 $ 42.96 Asset: credit card 2947: 1045.45.15.18 $ -42.96 This tells me the currency of the transaction AND also gives the results in my home currency. (This would keep the auditors happy (I hope - - - - grin!!).) (The 10 digit codes is my way of using GIFI codes AND having some granularity.) There are other ways of doing this. The main idea in ledgers is orderliness and accuracy IMO. AIUI auditors look for anything that 'looks' goofy - - - - then they start digging - - - you want to make a guess at how often they don't find something to get stupid about? (Its their job after all!) Dee -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
