On Tue, Feb 6, 2024 at 2:58 AM psionl0 <[email protected]> wrote:
>
> All of the transactions to openai are now priced in $ only. How many Rs
you used to pay them is irrelevant to them.
> $ ledger -f vedang2.txt reg "openai" | cat
> 23-Jul-18 OpenAI Invoice liabili:vendors:openai $ -14.83 $
-14.83
> 23-Jul-24 OpenAI Payment Rece.. liabili:vendors:openai $ 14.83
0
> 23-Aug-08 OpenAI Invoice liabili:vendors:openai $ -0.79
$ -0.79
> 23-Aug-15 OpenAI Payment Rece.. liabili:vendors:openai $ 0.79
0
> 23-Sep-13 OpenAI Invoice liabili:vendors:openai $ -10.67 $
-10.67
> 23-Oct-03 OpenAI Payment Rece.. liabili:vendors:openai $ 10.67
0
>
> All of the currency conversions now take place in the credit card.
> $ ledger -f vedang2.txt reg icici | cat
> 23-Jul-24 OpenAI Payment Rece.. liabilities:card:icici $ -14.83 $
-14.83
> 23-Jul-24 Currency Conversion liabilities:card:icici Rs -1267.82 $
-14.83
> Rs
-1267.82
> liabilities:card:icici $ 14.83 Rs
-1267.82
> 23-Aug-15 OpenAI Payment Rece.. liabilities:card:icici $ -0.79
$ -0.79
> Rs
-1267.82
> 23-Aug-15 Currency Conversion liabilities:card:icici Rs -68.36
$ -0.79
> Rs
-1336.18
> liabilities:card:icici $ 0.79 Rs
-1336.18
> 23-Oct-03 OpenAI Payment Rece.. liabilities:card:icici $ -10.67 $
-10.67
> Rs
-1336.18
> 23-Oct-03 Currency Conversion liabilities:card:icici Rs -924.11 $
-10.67
> Rs
-2260.29
> liabilities:card:icici $ 10.67 Rs
-2260.29
> (this report shows the balances in the icici card after each transaction
in both currencies).
>
> Running `ledger -X Rs reg` shows that commodity revaluations still occur
because it is trying to convert everything into Rs but the exchange rates
are different each time you make a payment. I personally stick with the
simpler reports because the more complicated a report, the more
unpredictable it is.
>
2022.06.18 vendor
; online + xxxxxxx cable
; booked as 16.50 GBP
; 1.649090909
Expense: item description: item code $ 14.02
Expense: shipping: item code $ 13.19
Asset: credit card info: item code $ -27.21
I picked a somewhat recent transaction to show you a simple system.
Dunno what your particular regulations are but here I am allowed to use
either a base currency
or I get to have a ledger in each currency and then reconcile the various
ledgers (I'm not doing
that many transactions in that many differenc currencies so option #2 isn't
going to be used - - yet)/
I can enter all this from an invoice except the exchange rate.
That means that I have to update all the numbers into my base currency when
I get the
credit card statement. I do find it a nuisance when there are lots of line
items but oh well
bookkeeping is a royal pita and this is just part of getting the job done.
As there are different exchange
rates even with purchases within an hour this is the only way that I have
found that I can keep things
sorta straight.
HTH
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