Re: Multiple currency setup and unbalanced general ledger transactions

[Nigel Titley <..hidden..>]

Michael Richardson wrote:
>
>   Well, that's not entirely true.
>   You can create accounts in other currency, but since it all has to be
> reconciled, it has to convert back to your origin currency at some point
> so that you can compare apples and apples.
>
>   I've read the rest of your scenario, and let me mock in up. 
>   
That would be extremely helpful.
>   I've done exactly what you want to do.  I think that I did not enter
> "1" as the exchange rate though. I know that this does not make sense
> --- you are putting EU into EU account, but really, it's being converted
> to GBP on that date for the purposes of your income statement.
>   But, let me do some screenshots of what I've done in the past, to confirm.
>
>   
Thanks.
>   I agree that the interface is a little bit cryptic, though.
>
>   (My current business does not have multiple currencies, but my
> previous one had three.. CDN, USD and EUR)
>   
Yes, I use four at the moment: GBP, USD, EUR and AUD and this is the
first time I've had problems in nearly a year of operations. I thought I
had the whole thing sorted :-(

Nigel