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Looks like a nice set of programs, especially since being able to run your accounting software over SSH has certain advantages. Does anyone here have experience

Looks like a nice set of programs, especially since being able to run your accounting software over SSH has certain advantages. Does anyone here have experience with using Ledger with multiple currencies? My current FOSS accounting tool of choice, GnuCash [1], I chose in large part because of for how well it works with multiple currencies. [1] http://www.gnucash.org/ http://www.gnucash.org/

archivator 14y ago
Another happy gnucash user! I have a few reports that I keep open (last month's expenses, this month's expenses, etc), so my usage is generally 1) download transaction history in OFX from Natwest, 2) import into gnucash, 3) put the unrecognized transactions in the correct accounts (rarely if ever have to do that these days - the bayesian matching works rather well) 4) inspect the reports. I couldn't be happier!
- perlgeek 14y ago
  Gnucash can download the transaction history from my bank directly, so I guess steps 1 and 2 could be folded together into one.
kalmar 14y ago
I used ledger for a few months last year, tracking transactions in five or six currencies. I haven't used another system so I can't compare, but ledger seemed to handle things very well. For foreign credit card transactions, you can do things like: 2012-05-22=2012-05-18 * B&H Photo Video Expenses:Electronics:Camera:Charger USD 37.02 @@ CAD 38.76 Liabilities:Visa to specify the purchase amount and the amount that appeared on the card. It keeps track of the exchange rate at each such transaction, and can generate a price history from them. I was even able to enter an ATM withdrawal with fees at both ends fairly easily: 2012-03-12 * Withdrawal Assets:Cash USD 500.00 Expenses:Banking:Fees USD 2.50 Assets:Bank:Chequing CAD -511.19 Expenses:Banking:Fees CAD 2.00 Assets:Bank:Chequing CAD -2.00 The concept of "currency" is pretty open in ledger. I even started using it to track tickets on my transit card for a while, with things like 2012-04-18=2012-04-17 * STM 10 tickets Assets:Opus Card 10 STM @@ CAD 24.00 Liabilities:Visa followed by withdrawals from the card when I took trips. (This turned out not to be a very good use of time.) You could track stocks in a similar way. Hope that helps. You might also want to look up ledger and gnucash, as I think ledger can read gnucash files. You'd be able to test ledger out with "production" data.

archivator 14y ago

Another happy gnucash user! I have a few reports that I keep open (last month's expenses, this month's expenses, etc), so my usage is generally 1) download transaction history in OFX from Natwest, 2) import into gnucash, 3) put the unrecognized transactions in the correct accounts (rarely if ever have to do that these days - the bayesian matching works rather well) 4) inspect the reports. I couldn't be happier!

perlgeek 14y ago
Gnucash can download the transaction history from my bank directly, so I guess steps 1 and 2 could be folded together into one.

kalmar 14y ago

I used ledger for a few months last year, tracking transactions in five or six currencies. I haven't used another system so I can't compare, but ledger seemed to handle things very well. For foreign credit card transactions, you can do things like: 2012-05-22=2012-05-18 * B&H Photo Video Expenses:Electronics:Camera:Charger USD 37.02 @@ CAD 38.76 Liabilities:Visa to specify the purchase amount and the amount that appeared on the card. It keeps track of the exchange rate at each such transaction, and can generate a price history from them. I was even able to enter an ATM withdrawal with fees at both ends fairly easily: 2012-03-12 * Withdrawal Assets:Cash USD 500.00 Expenses:Banking:Fees USD 2.50 Assets:Bank:Chequing CAD -511.19 Expenses:Banking:Fees CAD 2.00 Assets:Bank:Chequing CAD -2.00 The concept of "currency" is pretty open in ledger. I even started using it to track tickets on my transit card for a while, with things like 2012-04-18=2012-04-17 * STM 10 tickets Assets:Opus Card 10 STM @@ CAD 24.00 Liabilities:Visa followed by withdrawals from the card when I took trips. (This turned out not to be a very good use of time.) You could track stocks in a similar way. Hope that helps. You might also want to look up ledger and gnucash, as I think ledger can read gnucash files. You'd be able to test ledger out with "production" data.