Hello I hope this is the right forum/email address to ask questions. This is the first time I am posting a question on GnuCash.
My question is: where does GnuCash store exchange rates for balance sheet items, where the balance sheet items have two (or more) currencies? I will illustrate my problem with an example. I have an account say MyAsset (in USD), with a MyAssetSubAccount (in GBP). GnuCash gives me the total value of MyAsset, in USD. That is, GnuCash takes the value of MyAssetSubAccount (in GBP) and converts it to USD, and adds this USD amount to MyAsset. When I enter the value of the MyAssetSubAccount (in GBP) I do not get an opportunity to enter the appropriate exchange rate. That is because I am entering a GBP value into an account expecting a value in GBP. So there is no exchange rate to convert. Also, with time, the exchange rate fluctuates, and the value of MyAsset (in USD) changes. This is because the value of MyAssetSubAccount, when measured in USD changes on a daily basis. When I generate a balance sheet on a given date, GnuCash must convert MyAssetSubAccount to USD using the exchange rate on the balance sheet date. In doing that conversion, what exchange rate does GnuCash use, and where does it store that exchange rate? Can I enter these exchange rates manually? If so, where? I am new to GnuCash so please give detailed instructions. Best regards Ilan _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.