Re: Multiple currency setup and unbalanced general ledger transactions

[Luke <..hidden..>]

On Tue, 20 Oct 2009, Nigel Titley wrote:

> The problem is that LSMB does not allow you to create accounts in
> currencies other than your base currency (see my original description
> for the the full details, but basically I do almost everything in GBP,
> but have a EUR account for taking payments from customers who wish to
> pay in Euros).

I've followed this, but not as closely as I probably should have.

So, forgive the question if it is insulting, but do you understand the 
difference between "bank" accounts and "book" accounts?

Accounts in ledgersmb are denominated in numbers, not currencies.  
Currency is an effect imposed by the transaction, and will determine how 
certain numbers are processed into FX gain/loss accounts.
Real "checking" and other kind of banking accounts may require special 
treatment.  Last time I used SQL-Ledger, it was offering bank accounts as 
a separate item, but that software has gone in a bad direction, so I have 
stopped following it.

LedgerSMB does not currently treat accounts storing actual money in any 
different way than ledger accounts which are effectively line items.  
Whether that kind of thing is coming in 1.3 I don't know, but it probably 
should be.

It might be useful to have a trigger of some kind that states, in effect 
"when ever money moves out of X account into another, apply an FX 
transaction", but I'm not sure how feasible that is.

Than again, it could be that I misunderstand all of this, in which case 
hopefully Chris or someone will tell you to ignore me completely.

Luke