On 09. april 2012 22:53, John Locke wrote: >> I understand where that's coming from. I need to think about a good >> solution that would suit both you and an auditor to propose to you. >> Let me sleep on it a bit. >> >> Isn't the true problem here though that you can't enter the >> transaction in a non-local currency? Surely you should be able to >> reconcile a USD amount against a USD amount. My expectation would be >> that the USD amount is the same each time the bill comes in.
(Just reading, have not done tests on this.) I think the correct accounting with this is to post the Invoice with the "translated" currency to the books (with the date of the invoice - and "translated" currency on that date. When you pay, you post the payment (on the date of payment, in your currency, and the difference to an Agio/ Disagio account. Could the reconciliation post the diff to an Agio account? -- H ------------------------------------------------------------------------------ Better than sec? Nothing is better than sec when it comes to monitoring Big Data applications. Try Boundary one-second resolution app monitoring today. Free. http://p.sf.net/sfu/Boundary-dev2dev _______________________________________________ Ledger-smb-users mailing list Ledger-smb-users@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
