Multicurrency is a major minefield. Start from https://www.mathstat.dal.ca/~selinger/accounting/tutorial.html and finish with https://www.mathstat.dal.ca/~selinger/accounting/gnucash.html for the background on trading accounts. >From discussion with accountant, it would seem that the safest approach is to have 1 book per home currency. When you move countries you'd be better off with a new book with a new home currency. Taking temporary trips abroad gets the currencies translated to home currency. AFAIU. IANAA YMMV. https://techcrunch.com/2010/08/14/internet-must-be-true/
On Fri, 22 Jan 2021 at 00:59, Lukas Haase <lukasha...@gmx.at> wrote: > Hi Mike, > > On 2021-01-21 02:24, Mike Alexander wrote: > > On 19 Jan 2021, at 20:08, Lukas Haase wrote: > > > >> So I got recommended using trading accounts. But suddenly all my > >> previous multi-currency transactions get a small grey box with a cross > >> (hinting the transaction is inconsistent). > >> > >> How do I best deal with this? > >> Is it possible to keep my old multi currency transactions as-is and > >> use trading accounts only for securities/stocks? > >> > >> If not, how do I migrate while ensuring my ten years worth of data > >> does not suddenly get inconsistent? > > > > You should be able to use the "Check & Repair" commands in the Actions > > menu to add the trading account splits to existing transactions. I > > would certainly save a copy of my data before doing this, and try it on > > a few transactions first. Your situation is complex enough that it is > > not unlikely that this won't do exactly what you want, but it's worth a > > try assuming you have good backup. > > Thank you, I think that worked indeed. > > I still need to cross-check everything (at the first glance things look > OK). > > So then I'd have a general question on the multi currency feature: > > 1.) Are "Trading Accounts" just an *alternative* way to handle multi > currencies (and as such have nothing to do with "trading")? > > 2.) Trading Account seem to be way more powerful than storing the > exchange rate in each transaction > > 3.) Why exactly aren't they enabled by default if they are so superior? > Why let people my default use the way that makes things less consistent > and error-prone? > > Thanks, > Lukas > > > > > _______________________________________________ > 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. > _______________________________________________ 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.