It's been rumoured that Eric Hanchrow said:
>
> Let's say I've got a simple account structure like this:
>
> income
> cash
>
> Both accounts are in US dollars. I have exactly one transaction
> recorded: a transfer of $1,000 from income to cash. So I have assets
> of $1,000.
>
> Now let's say I'm about to go to France, and I buy 100 French Francs
> at .18 apiece (I have no idea if that's a reasonable price; it's just
> for the sake of argument). To represent this, I created a new
> top-level account called French money, and typed FRF in the currency
> field. Then I tried to transfer $18 from the income account into it,
> and of course I couldn't, because the income account is in USD, and
> the French money account is in FRF. I think I understand why I'm not
> allowed to transfer money between accounts that don't have the same
> currency, but I could not understand how to represent the fact that I
> bought 100 Francs for US$.18 apiece.
>
> Through trial and error, I stumbled onto something that sort of works:
> I create another account called `trading', whose currency is USD, but
> whose security is FRF. I can transfer money from income into that
> account presumably because their currencies are the same, and I can
> transfer out of this account into French Money, presumably because the
> trading account's security (FRF) matches French Money's currency.
>
> As far as I can tell, this procedure isn't documented anywhere, and
> I'm not even sure I've got it right. Am I missing something?
Nope. Basically that's it. Its not terribly well documented because
in its current form, its somewhat hard to use, and on occasion
confusing, and should be cleaned up, with some parts simplified, other
parts enhanced.
--linas
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