For my 2 cents, I prefer method 1 since it correctly records the day the
paypal account is settled. Note that the Currency Exchange transaction is
wrong because it suggests that Paypal provided the AED for you to settle
the Paypal account. It is more likely that you got the AED from your bank
account to settle the paypal account.
So the transaction should look like
2021/04/01 * Currency Exchange
Assets:Paypal 25.00 EUR @@ 100.00 AED
Assets:Bank
On Thursday, December 9, 2021 at 8:27:53 AM UTC+8 Martin Michlmayr wrote:
> I don't have time to think through your samples right now and I hope
> someone else will respond.
>
> However, I wanted to mention Peter Selinger's tutorial on multiple
> currency accounting:
> https://www.mathstat.dal.ca/~selinger/accounting/tutorial.html
>
> Reading/applying this has been on my TODO list for years, but I'm
> being told it's a good way to handle transactions with multiple
> currencies.
>
> (If anyone uses this and wants to comment, I'd appreciate it.)
>
> --
> Martin Michlmayr
> https://www.cyrius.com/
>
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