On second thought, a slight correction —if each account only showed amounts converted to its own currency - NONE of the splits would match any other account’s view of the transaction.
The Credit of GBP from Transferwise would be a different amount in the Transferwise_CHF account and a 3rd amount in the Coffee account with no currency symbols to tip you off. Same for the other splits. To audit that transaction, you’d have to open all three registers and do lots of math to verify exchange rates just to make sure you’ve got it right and that you really are looking at the same transaction. Regards, Adrien > On Aug 16, 2019, at 2:11 PM, Adrien Monteleone > <adrien.montele...@lusfiber.net> wrote: > >> On Aug 16, 2019, at 11:39 AM, Jeff Abrahamson <j...@p27.eu> wrote: >> >> >> 2. I've been taught in accounting that transactions must balance, and >> so I was expecting to see the GBP register all in GBP, the CHF register >> all in CHF, and the EUR register all in EUR. That is, if one sums the >> columns of a register, the Dr and Cr columns should have the same sum. >> Am I confused about this principle? > > They do balance. > > Debit Credit > SFr.5.70 SFr.5.70 > €5.12 €5.12 > £4.67 £4.67 > > They are in a different order but the debits and credits match up. > > You can ignore the currency symbols or not. You could if you wanted, convert > all 6 amounts to each of the three currencies in each of the three affected > accounts (if this were pen and paper) and they’d each net to zero. > > Personally, GnuCash’s approach sounds more sane to me than having each > account only showing equivalent amounts in that account’s home currency. > Because then only one set of debits/credits would match only one other > account. Trying to research this transaction or the affected accounts for any > type of error or analysis would be quite difficult. By showing each currency > separately in each of the three register accounts, means each view of the > transaction matches both of the other two views. The only thing that will > vary will be the debit/credit side of particular splits which happens even if > all splits are in a single currency anyway. > >> >> I'll need to read about the trading accounts feature. As someone who >> regularly spends money in several currencies, I don't really think of >> these transactions as P&L related, though I'm aware they could be >> modeled that way. > > The Expense is P&L related, but not the other splits. Those however affect > the Balance Sheet because they affect assets. > > Regards, > Adrien _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
