GnuCash does have that built in, see Actions>View Lots. It is however a bit
cumbersome and isn't likely to scale well for your use case. You might try
using trading accounts and creating a balancing G/L transaction at the end of
each day, but I think that will come out closer to average cost than to fifo.
Regards,
John Ralls
> On Aug 30, 2021, at 5:04 PM, Tim Hume via gnucash-user
> wrote:
>
> Hi everyone,
>
> I'm using GnuCash for a small money transfer business. There are lots of
> transactions from Australia to Tonga, and transactions going the other way
> (Tonga to Australia) too. Transactions are of varying amounts and happen
> frequently.
>
> From day to day GnuCash handles this fine (though the database is getting
> rather large). In fact, one reason for using GnuCash is that it handles
> foreign currencies (and it's free). For tax, it is necessary to compute
> income using the first in first out method (FIFO). The way I've been doing
> this to date is to dump the transactions going through the trading accounts
> into CSV format, and then using a small program I wrote to compute the income
> using the FIFO method (the program is written in awk for anyone curious).
>
> However, it would be really nice if GnuCash could do this computation itself.
> Is this possible?
>
> Cheers,
>
> Tim.
>
> Sent with ProtonMail Secure Email.
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