Re: Multiple currency setup and unbalanced general ledger transactions

[Nigel Titley <..hidden..>]

Luke wrote:
> 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?
>   
No insult taken. I think I do, but I'm *not* an accountant and this may
be at the root of the problem.
> 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.
>   
Understood
> 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.
>   
Same for me
> 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.
>   
Yes, this is effectively what gnucash does, and I'm used to this.
> 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.
>   
I suspect you are right and you are understanding it perfectly.

However, let me re-state my immediate problem:

1. I have unbalanced transactions which I want to get rid of... how do I
do it?

Once I'm over that hurdle, I can work around the rest of it myself. I
don't think LedgerSMB should have created them, but that's an issue for
the developers.

Nigel