Hi all
I mentioned the following workaround the other day but have seen no
response. Am I correct in thinking the workaround is necessitated by a
bug i.e. the Trial Balance report uses "Unrealized Losses" (which
results in the report not balancing) instead of "Trading Gains/Losses"
(which does).
Hi all,
I searched on this and found an email thread with the above title,
initiated thusly:
"On Mar 22, 2018, at 1:02 AM, Richard "
where Richard reports the lack of balance in his Trial Balance report.
The responses to his email seemed to be put it down to rounding errors
and/or Check&Repair.
Hi Richard,
> Adrien asked if I have Trading Accounts enabled. I didn't know about this
> feature, and I see that I have it turned off. I turned it on and re-generated
> my Trial Balance, but I didn't see any difference.
You need to run “Actions -> Check & Repair -> Check & Repair All” to add t
HI all,
Thanks everyone for your thoughts. Once I see what my accountant does with
these foreign currency transactions, I will try entering them back into GnuCash
and see what happens.
A message from Christopher mentioned stocks and capital gains. I don't have any
stocks in my books, but as I
The rounding error I found can be very large depending on the variance between
the exchange rate for each transaction and the date of the report. But, I don’t
think it affects anything else, because it’s a function of the report, not any
math Gnucash otherwise performs. And I’ve never seen this
Hi Richard
If I understand 'unrealised gains', this is a known issue.
I think any double-entry accounting system will have this issue when
currencies or stocks are converted without accounting for capital gains.
With stocks we expect to receive capital gains and are usually taxed on
these gains;
Thanks for your thoughts, Adrien.
Yes, I do have losses from changes in exchange rates between when I booked a
currency and the date of the report. However, these changes were tiny compared
to the "Unrealized Losses" figure that appeared in the Trial Balance report.
So, while I agree that this
You might see unrealized losses with multiple currencies to account for the
change in value between the time you booked a currency and the date of the
report.
So if you converted some SGD to USD at some particular exchange rate, and that
rate has since changed (very likely) then you will either
Hi there,
I’ve been using GnuCash for about a year to run a small business in Singapore.
I’m thrilled that it has worked so well, since I have no accounting experience,
but I’m trying to create a Trial Balance report for my accountant, and I can’t
get it to work right. At the bottom of the r
