Dear all, I wanted to know your opinion regarding how to emulate multi-currency or multi-commodity accounts. I understand this is ultimately subjective, but I hope someone can provide me some guidance.
Case #1 I have multiple bank accounts with my Bank, denominated in different currencies. Each account has a distinct account number and I receive an individual account statement for each one of them. Question: Should I (option 1) create/use a separate account in ledger (Assets:My Bank:EUR and Assets:My Bank:USD) OR should I (option 2) have only one account (Assets:By Bank) which then has holdings in both currencies? I am currently using option 1. Case #2 I have an online wallet (imagine something like Paypal, Skrill, or Revolut) where I hold multiple currencies and I can do instant currency exchanges. For this type of services, I do not receive any statement, although I could download one on-demand. Depending on the specific service, I may or may not be able to download individual statements for each currency. Question is the same as in Case #1. However, in this case I am using option 2. Case #3 I have an online brokerage account which I use to buy commodities (let's say, corporate stocks). In this platform, I will have a portfolio of multiple stocks AND I may have a balance of multiple currencies as well. Question is the same again. In this case I am using option 2 too. So, at the end of the day, I would like to know how do you decide whether to use multiple single-currency/commodity accounts or a single multi-currency/commodity account? Also, what do you find to be the advantages and disadvantages of each approach. Many thanks, POliveira -- --- 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]. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/6c1aabf5-8f92-4811-9ee5-9228006208dcn%40googlegroups.com.
