On Sun, Oct 20, 2002 at 12:54:33PM -0600, Joseph wrote: > > I am in the US so my view may be skewed. > > Accounting here is based on the stable currency precept. > > That implies books kept in one currency.
End of year reporting issues would require profit reports in the tax enviroment a business exists in. However thats doesn't avoid the fact tha a business needs pay bills, cost products, recieve monies in other currencies. Thus a good accounting system needs to be able to generate reports in multiple currencies, otherwise its useless. eg. Consider if you have 20 different suppliers from 5 different countries and 100+ POs with 150+ different shipments costed a different exchange rates. Plus 100+ customers in 5 other countries. Having reports in one currency is going to make your life difficult. I think the main hassle though is when it comes to reconciling bank accounts. Usually its hard enough to do this job, its going to be worse if you can't do it in the source currency. > Someone suggested Compiere: > http://www.compiere.org/index.html > > I just start to looking at it and it is very flexible and might do what > we need but there will be learning curve. Needs Oracle as well. I don't think the postgressql port is anywhere near finished yet. Mybooks from http://www.appgen.com/index.html is meant to be quite good. Commerical though, and not sure it supports multiple currency. Gnucash have a nicely explain method for dealing with multiple currrencies in the GL. http://www.gnucash.org/docs/C/xacc-currencyhandling.html#AEN1408 -- Nicholas Lee - nj.lee at plumtree.co dot nz, somewhere on the fish Maui caught. gpg. 8072 4F86 EDCD 4FC1 18EF 5BDD 07B0 9597 6D58 D70C icq. 1612865 Quixotic Eccentricity ------------------------------------------------------- This sf.net email is sponsored by: Access Your PC Securely with GoToMyPC. Try Free Now https://www.gotomypc.com/s/OSND/DD ------------------------------------------------------- (un)subscribe: http://lists.sourceforge.net/lists/listinfo/sql-ledger-users Archive: http://www.mail-archive.com/sql-ledger-users@;sql-ledger.org/
