There's not much difference between exchanging currencies for other currencies or for any other type of commodity. At least in terms of accounting. While I'm not saying there is anything wrong with this type of recording expenses, I would point out this page:
https://github.com/ledger/ledger/wiki/Currency-trading-accounts which explains how to track currency exchange transactions using "trading accounts" (at least that's what they call them in GnuCash). I liked that idea as it offers an opportunity to see how much you actually gained/lost in currency exchange over the years. As I've lived in different countries, I had to move cash back and forth not paying much attention to the exchange rates. Now at least I'm more aware of it. On Friday, 19 April 2019 22:26:52 UTC+2, Ajoeibin wrote: > > > This work system may not be useful when one is purchasing > stock/commodities and/or any other 'trading' type of products but it > does allow me to keep track of what I bought with its costs and it > delineates all of the various costs in my 'home currency'. > > -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
