"I thought that by adding the ; [=DATE] in methods 2 and 3 I was recording
the day the paypal account was settled, am I wrong?"
You are putting the date in a comment which means it has no effect on the
reports that Ledger generates. It is not necessarily wrong but I prefer to
see a one to one correspondence between Ledger transactions and entries in
external (bank) accounts. It makes reconciliation much easier.
"In fact I meant the Paypal account because in this scenario I actually
have an AED account in my Paypal wallet that I periodically top-up.
Therefore, when I want to settle the transaction, I basically do an
internal exchange conversion within my Paypal wallet"
Maybe you should do your transaction like this?:
2021/04/01 * Currency Exchange
Assets:Paypal:EUR 25.00 EUR @@ 100.00 AED
Assets:Paypal:AED
On Friday, December 10, 2021 at 2:40:21 AM UTC+8 POliveira wrote:
> Thanks.
>
> "[...] I prefer method 1 since it correctly records the day the paypal
> account is settled"
> I thought that by adding the ; [=DATE] in methods 2 and 3 I was recording
> the day the paypal account was settled, am I wrong?
>
> "Note that the Currency Exchange transaction is wrong because it suggests
> that Paypal provided the AED for you to settle the Paypal account. It is
> more likely that you got the AED from your bank account to settle the
> paypal account."
> In fact I meant the Paypal account because in this scenario I actually
> have an AED account in my Paypal wallet that I periodically top-up.
> Therefore, when I want to settle the transaction, I basically do an
> internal exchange conversion within my Paypal wallet.
>
> On Thu, Dec 9, 2021 at 11:42 AM psionl0 <gsc...@iinet.net.au> wrote:
>
>> For my 2 cents, I prefer method 1 since it correctly records the day the
>> paypal account is settled. Note that the Currency Exchange transaction is
>> wrong because it suggests that Paypal provided the AED for you to settle
>> the Paypal account. It is more likely that you got the AED from your bank
>> account to settle the paypal account.
>> So the transaction should look like
>> 2021/04/01 * Currency Exchange
>> Assets:Paypal 25.00 EUR @@ 100.00 AED
>> Assets:Bank
>>
>>
>> On Thursday, December 9, 2021 at 8:27:53 AM UTC+8 Martin Michlmayr wrote:
>>
>>> I don't have time to think through your samples right now and I hope
>>> someone else will respond.
>>>
>>> However, I wanted to mention Peter Selinger's tutorial on multiple
>>> currency accounting:
>>> https://www.mathstat.dal.ca/~selinger/accounting/tutorial.html
>>>
>>> Reading/applying this has been on my TODO list for years, but I'm
>>> being told it's a good way to handle transactions with multiple
>>> currencies.
>>>
>>> (If anyone uses this and wants to comment, I'd appreciate it.)
>>>
>>> --
>>> Martin Michlmayr
>>> https://www.cyrius.com/
>>>
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