Jayakumar,
I am no expert on this subject. This has been discussed on the lists before,
however, so I hope that one of the previous participants can explain the
situation and its solution better than I will.
David
On Fri, Aug 16, 2019 at 11:14, Jayakumar
Chakravarthy<jayakumar.chakravar...@fulcrum-ace.com> wrote: David,
Normally I can account the unrealized loss by debiting 'Unrealized Gain/Loss'
Account and crediting the Customer Account in my local currency. But since
here I have kept the Customer's account in foreign currency, the Customer's
account is already showing nil balance. Now where would the credit go?Thanks.
Jayakumar ChakravarthyFounder - Consultant+91-9840 356 506www.Fulcrum-ACE.com
On 14-08-2019 at 14:09, David T. <sunfis...@yahoo.com> wrote:
I believe that the "Unrealized Losses" entry on the Trial Balance report is
calculated. You will need to create an account for it, as well as the
transaction to account for the loss.
HTH,
David
On Wed, Aug 14, 2019 at 11:40, Jayakumar Chakravarthy
<jayakumar.chakravar...@fulcrum-ace.com> wrote: Hi,
When I make an Invoice and receive money in a foreign currency and account
them in my home currency, where does the unrealized gain/loss go?
I observe an entry in Trial Balance having 'Unrealized Losses' with this
amount. But where is that account? How can I view it?
Thanks.
Jayakumar Chakravarthy
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David,
Normally I can account the unrealized loss by debiting 'Unrealized
Gain/Loss' Account and crediting the Customer Account in my local
currency. But since here I have kept the Customer's account in foreign
currency, the Customer's account is already showing nil balance. Now
where would the credit go?
â
Thanks.
Jayakumar Chakravarthy
Founder - Consultant
+91-9840 356 506
[1]www.Fulcrum-ACE.com
[cid:0497594B0371F11C]
On 14-08-2019 at 14:09, David T. <[2]sunfis...@yahoo.com> wrote:
I believe that the "Unrealized Losses" entry on the Trial Balance
report is calculated. You will need to create an account for it, as
well as the transaction to account for the loss.
HTH,
David
On Wed, Aug 14, 2019 at 11:40, Jayakumar Chakravarthy
<jayakumar.chakravar...@fulcrum-ace.com> wrote:
Hi,
When I make an Invoice and receive money in a foreign currency and
account
them in my home currency, where does the unrealized gain/loss go?
I observe an entry in Trial Balance having 'Unrealized Losses' with
this
amount. But where is that account? How can I view it?
Thanks.
Jayakumar Chakravarthy
_______________________________________________
gnucash-user mailing list
[3]gnucash-user@gnucash.org
To update your subscription preferences or to unsubscribe:
[4]https://lists.gnucash.org/mailman/listinfo/gnucash-user
If you are using Nabble or Gmane, please see
[5]https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
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References
1. http://www.Fulcrum-ACE.com/
2. mailto:sunfis...@yahoo.com
3. mailto:gnucash-user@gnucash.org
4. https://lists.gnucash.org/mailman/listinfo/gnucash-user
5. https://wiki.gnucash.org/wiki/Mailing_Lists
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