Re: Changing the default currency

[John Bell <..hidden..>]

Maanus Kask wrote:
> Hi,
>
> On Sat, 25 Apr 2009 09:51:49 +0300
> John Bell <..hidden..> wrote:
>
>   
> > b) Start off in EEK and switch when the national currency changes
> >     
>
> I am doing my books in EEK. Anyway all tax reports are to be done in
> EEK also. At switching to Euro I will close books and start with new
> database with EUR. So I will enter only starting balance to the books
> with EUR. I do hope it will happen at some year change not in the middle
> of the year.
>
> Or is there any better ideas?
>   
I wouldn't want to blank the database and start afresh with the Euro as 
this would  destroy all my stock pricing and purchase histories etc.

Book keeping in EUR and reporting in EEK isn't a problem unless the 
currency is devalued. I may start LSMB in EUR to manage my stock records 
and keep the financial reporting on the existing system until the 
switchover.

-John