Re: [GNC] Accounting Equation Mismatch for Foreign Currency/Security

2022-08-27 Thread Adrien Monteleone
That's how GnuCash works. Your issue as David pointed out is that you want (or have a need to) record *unrealized* gains/losses. Usually, most people only record a gain or loss after a transaction, not just after a 'price change' on some listing. The price you paid remains the price (your

Re: [GNC] Accounting Equation Mismatch for Foreign Currency/Security

2022-08-27 Thread Gao Bite
Gnucash Developers and Maintainers: Hello! The reporting needs of my book would be the accounting equation: "Assets = Liabilities + Equity" would be balanced after I conducting carrying forward to my account book. Therefore, the data in the account book file would be ready for external data

Re: [GNC] Accounting Equation Mismatch for Foreign Currency/Security

2022-08-26 Thread Michael or Penny Novack
On 8/26/2022 12:31 AM, Gao Bite wrote: Gnucash Developers and Maintainers: . Also, I cannot make a single-split transaction to record the price fluctuation since there is no debit account to match that credit account. The credit account would be an account of type income, probably with a

Re: [GNC] Accounting Equation Mismatch for Foreign Currency/Security

2022-08-26 Thread David Carlson
When you change the exchange rate for a commodity that is not the base currency you are creating an unrealized gain or loss. GnuCash is not configured to handle these unrealized gains or losses without manual assistance. How you accomplish that depends on your reporting needs. On Thu, Aug 25,

[GNC] Accounting Equation Mismatch for Foreign Currency/Security

2022-08-25 Thread Gao Bite
Gnucash Developers and Maintainers: Hello! When I'm processing transactions about foreign currency/ securities that are not the base currency, I have found a non-negligible issue:  the accounting equation becomes unequal when I change the price in the built-in editor. Here are the details of