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I deal with multiple currencies in Ledger as well. Feel free to email me or join their IRC channel for some help! :)

by kspaans 11y ago

avodonosov 11y ago
You profile doesn't specify your email :) I'd be glad to get help here, but I think this is just an unsolved problem. Discussed it on google group. I think I understand it relatively well, and even wanted to fix it, therefore I doubt multiple currencies can be handled with the current version of ledger; but would be glad to find a workaround.
- avodonosov 11y ago
  I don't have it installed now, so an example just out of my head: suppose I have 100 USD; I exchange 50 USD to EUR at 1.2 rate. Then I spend 20 EUR on food. Then I exchange remaining EUR to USD at 1.1 rate. Now, if we generate a balance report, do you say it will be balanced?
  - roel_v 11y ago
    What do you mean 'it will be balanced'? In double entry accounting, every ledger entry needs to balance. You have three entries. Whether they balance depends on how you enter them. What is the specific problem in your example?
    - avodonosov 11y ago
      I mean that balance report had 0 total. More precisely, I want to convert everything to a single currency, and than have 0 balance. I.g. I want to check my net worth in USD, or my net worth in EUR. To see capital gains/losses.
      - kspaans 11y ago
        If I'm understanding you correctly you expected to see a line item in your balance report stating your losses due to the change in the exchange rate between USD and EUR? Ledger definitely supports that, you just need to make sure to arrange your accounts and transactions accordingly to capture that information. See the "Currency Trading Accounts" method: https://github.com/ledger/ledger/wiki/Currency-trading-accounts https://github.com/ledger/ledger/wiki/Currency-trading-accou...
      - roel_v 11y ago
        After every entry, your total system balances to 0. Of course you have to enter all your entries, and not use the 'auto balancing' and unit conversion things that ledger recommends because they don't make sense. If you use ledger just as a, well, ledger, you can do what you want, of course after specifying exchange rates, just like you'd do in a real accounting system.
        avodonosov 11y ago
        You don't understand. I mean I want to enter facts as they are, included real currencies used in transactions. But when I review balance, net worth I want them presented a single currency I choose.
        roel_v 11y ago
        No, you don't understand. What you're asking doesn't make sense, but I'll admit it's not obvious when you've never done 'real' double entry accounting. What you need to enter are the 'real facts', it's only at balance time that you can make a 'net worth' in one currency, depending on a given exchange rate.

I deal with multiple currencies in Ledger as well. Feel free to email me or join their IRC channel for some help! :)

by kspaans 11y ago

I deal with multiple currencies in Ledger as well. Feel free to email me or join their IRC channel for some help! :)

You profile doesn't specify your email :) I'd be glad to get help here, but I think this is just an unsolved problem. Discussed it on google group. I think I understand it relatively well, and even wanted to fix it, therefore I doubt multiple currencies can be handled with the current version of ledger; but would be glad to find a workaround.

avodonosov 11y ago
I don't have it installed now, so an example just out of my head: suppose I have 100 USD; I exchange 50 USD to EUR at 1.2 rate. Then I spend 20 EUR on food. Then I exchange remaining EUR to USD at 1.1 rate. Now, if we generate a balance report, do you say it will be balanced?
- roel_v 11y ago
  What do you mean 'it will be balanced'? In double entry accounting, every ledger entry needs to balance. You have three entries. Whether they balance depends on how you enter them. What is the specific problem in your example?
  - avodonosov 11y ago
    I mean that balance report had 0 total. More precisely, I want to convert everything to a single currency, and than have 0 balance. I.g. I want to check my net worth in USD, or my net worth in EUR. To see capital gains/losses.
    - kspaans 11y ago
      If I'm understanding you correctly you expected to see a line item in your balance report stating your losses due to the change in the exchange rate between USD and EUR? Ledger definitely supports that, you just need to make sure to arrange your accounts and transactions accordingly to capture that information. See the "Currency Trading Accounts" method: https://github.com/ledger/ledger/wiki/Currency-trading-accounts https://github.com/ledger/ledger/wiki/Currency-trading-accou...
    - roel_v 11y ago
      After every entry, your total system balances to 0. Of course you have to enter all your entries, and not use the 'auto balancing' and unit conversion things that ledger recommends because they don't make sense. If you use ledger just as a, well, ledger, you can do what you want, of course after specifying exchange rates, just like you'd do in a real accounting system.
      - avodonosov 11y ago
        You don't understand. I mean I want to enter facts as they are, included real currencies used in transactions. But when I review balance, net worth I want them presented a single currency I choose.
        roel_v 11y ago
        No, you don't understand. What you're asking doesn't make sense, but I'll admit it's not obvious when you've never done 'real' double entry accounting. What you need to enter are the 'real facts', it's only at balance time that you can make a 'net worth' in one currency, depending on a given exchange rate.