Re: Understanding primary commodities
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/ > -- --- 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 ledger-cli+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/cf24589d-6e0a-4289-a1a4-c140ea60f12dn%40googlegroups.com.
Re: Transaction does not balance
"Maybe you could give an example, so it's clearer". When I tried POliveira's original example using the @@ option I couldn't get an output (I don't know why). I have since tried an example of my own and these options appear to work as desired: 2021/01/01 * Stock up Assets:Fruit 100 apples @@ $10.00 Assets:Fruit80 oranges @@ $50.00 Assets:Meat50 steaks @@ $ 200.00 Bank:Bank Account 2021/01/02 * Cash Sale Assets:Meat -1 steaks @@ $10.00 Bank:Cash 2021/01/03 * Mrs Smith Assets:Fruit -5 oranges @@ $10.00 Assets:Fruit-10 apples @@ $5.00 Assets:Accounts Receivable ledger -f shop.txt bal | cat $15 90 apples 75 oranges 49 steaks Assets $15Accounts Receivable 90 apples 75 orangesFruit 49 steaksMeat $-250 Bank $-260Bank Account $10Cash $-235 90 apples 75 oranges 49 steaks On Wednesday, December 8, 2021 at 5:30:25 PM UTC+8 Martin Michlmayr wrote: > * psionl0 [2021-12-07 19:18]: > > Ledger doesn't need to "know" the conversion rate when a transaction > > contains multiple currencies. It just has to "assume" that whatever > > the exchange rate is will balance the transaction (ie assume > > nothing). > > Your "assume nothing" is to assume something. > > I don't want ledger to make assumptions. I want ledger to enforce > the balancing requirement. > > Personally I don't like that ledger allows implicit conversations > since ledger assumes an exchange rate. Beancount, for example, > requires an explicit exchange rate when there are only two postings / > two commodities. > > Let's do: > > 2021-12-08 * Test > Assets:A 10.00 EUR > Assets:B -8.52 GBP > > If you know roughly the values of EUR and GBP, this transaction > looks obviously correct to you. But this requires a lot of knowledge > (i.e. assumptions about the world). > > Now: > > 2021-12-08 * Test > Assets:A 1000 EUR ; let's say I forgot the . between the 00s > Assets:B -8.52 GBP > > You'd probably agree that this isn't quite right, yet ledger will > happily assume an (incorrect) exchange rate. > > Using explicit exchange rates makes ledger enforce the balancing > requirement. > > If I had done: > > 2021-12-08 * Test > Assets:A 1000 EUR @ 0.852 GBP > Assets:B -8.52 GBP > > ledger would complain. > > You *WANT* ledger to complain. > > You don't want ledger to assume. > > > The reason why I question this is that ledger could also be used to > > record items of stock in the same way that it records currencies. > > Unfortunately, as it stands, I have to record the purchase or sale > > of each item of stock individually which breaks up the bank > > transaction and makes it more difficult to reconcile with my bank > > statement. Using @ or @@ prevents ledger from displaying the > > individual item totals in the balance report (they have all been > > converted). > > Maybe you could give an example, so it's clearer. > > -- > Martin Michlmayr > https://www.cyrius.com/ > -- --- 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 ledger-cli+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/0bd073dd-d85f-4990-bdfb-da4457399dc4n%40googlegroups.com.
Re: Understanding primary commodities
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/ -- --- 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 ledger-cli+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/YbFNgCScR5BNObiV%40jirafa.cyrius.com.
Re: Transaction does not balance
* psionl0 [2021-12-07 19:18]: > Ledger doesn't need to "know" the conversion rate when a transaction > contains multiple currencies. It just has to "assume" that whatever > the exchange rate is will balance the transaction (ie assume > nothing). Your "assume nothing" is to assume something. I don't want ledger to make assumptions. I want ledger to enforce the balancing requirement. Personally I don't like that ledger allows implicit conversations since ledger assumes an exchange rate. Beancount, for example, requires an explicit exchange rate when there are only two postings / two commodities. Let's do: 2021-12-08 * Test Assets:A 10.00 EUR Assets:B -8.52 GBP If you know roughly the values of EUR and GBP, this transaction looks obviously correct to you. But this requires a lot of knowledge (i.e. assumptions about the world). Now: 2021-12-08 * Test Assets:A 1000 EUR ; let's say I forgot the . between the 00s Assets:B -8.52 GBP You'd probably agree that this isn't quite right, yet ledger will happily assume an (incorrect) exchange rate. Using explicit exchange rates makes ledger enforce the balancing requirement. If I had done: 2021-12-08 * Test Assets:A 1000 EUR @ 0.852 GBP Assets:B -8.52 GBP ledger would complain. You *WANT* ledger to complain. You don't want ledger to assume. > The reason why I question this is that ledger could also be used to > record items of stock in the same way that it records currencies. > Unfortunately, as it stands, I have to record the purchase or sale > of each item of stock individually which breaks up the bank > transaction and makes it more difficult to reconcile with my bank > statement. Using @ or @@ prevents ledger from displaying the > individual item totals in the balance report (they have all been > converted). Maybe you could give an example, so it's clearer. -- Martin Michlmayr https://www.cyrius.com/ -- --- 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 ledger-cli+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/YbB7KSmzmRXC9OX7%40jirafa.cyrius.com.
