Income in foreign currency - unrealized vs realized gain/loss How To

[antonphp]

Thanks!

@lubos

You can. When you make transaction in currency A which affects account in currency B, you will be able to enter amount in currency A and also in currency B. This overrides whatever exchange rate you have set under Settings.

Just to make sure: if I do so (i.e. enter amount in currency A and also in currency B), will it make other transactions on the same day without the explicit exchange rate still use the rate from the tables?

Also, what if a transaction does not specify an exchange rate explicitly, and I change the exchange rate of that date in the exchange rate tables AFTER I enter the transaction - will the updated rate automatically affect that transaction?

@lubos

Manager is not currently able to split exchange gains and losses into realized and unrealized. It will be a separate report. Manager already has all the data so it’s really down to adding the report which will do the calculations.

This is really good to know.

In my particular case, it is the factor that lets me consider whether I can use Manager for my accounting or not - because I need to report only realized gains/loss in my Business Activity Statements in Australia (BAS) and/or Tax Lodgement (since realized losses are deductible).

So, is there any way to build a custom report manually in the Admin Console to get the realized gain/loss only, and if so, how do I make it FIFO? - related topic discussing how FIFO/FILO/… affects realized gain/loss calculation here

If there is no way to build such a report, is there any ETA for this feature?
– many thanks, Anton