Receipt in a foreign currency -- tracking until bank transaction is imported

[Mikhail Gusarov]

Hello.

Sometimes I receive receipts in USD for services charged from a bank account in EUR (via debit card).

I'd like to enter this information into a ledger immediately to avoid hunting for them later, when the bank

statement arrives.

What is the best way to keep the information in beancount file while the transaction is not yet processed

by the bank?

If I enter it in USD, beancount complains "Invalid currency USD for account".

Should I take out EUR currency from the account declaration? How do I check that there are only transfers in EUR

in that account after reconciliation with a bank statement?

Regards,

Mikhail.

[Martin Blais]

I put an approximate conversion rate and let Beancount fill in the number on the deposit side, e.g.

  <account>     EUR @ 1.45 USD

And I used a "!" flag on that posting.

Later on, when I import it, I reconcile these with the imported data by cut-and-pasting.

--
You received this message because you are subscribed to the Google Groups "Beancount" group.
To unsubscribe from this group and stop receiving emails from it, send an email to beancount+unsubscribe@googlegroups.com.
To post to this group, send email to bean...@googlegroups.com.
To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/1b9d2c14-3f58-4376-a9b2-8bf65ad4ff11%40googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

[Mikhail Gusarov]

I have tried it and it turned out to be quite inconvenient: the bank balance and
the book balance differ while there are any pending transactions.

I am trying to use a special account for these pending transactions (is that
"accounts payable" in accounting lingo?)

Regards,
Mikhail.

You received this message because you are subscribed to a topic in the Google Groups "Beancount" group.
To unsubscribe from this topic, visit https://groups.google.com/d/topic/beancount/NJOI5rONKJM/unsubscribe.
To unsubscribe from this group and all its topics, send an email to beancount+...@googlegroups.com.

To post to this group, send email to bean...@googlegroups.com.

To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAK21%2BhN35avir48ZNsNiL5cczsKhp%3DjtQKD5LVaDuDXKybaS1w%40mail.gmail.com.

[Martin Blais]

On Sun, Jul 2, 2017 at 5:28 PM, Mikhail Gusarov <dott...@dottedmag.net> wrote:

I have tried it and it turned out to be quite inconvenient: the bank balance and
the book balance differ while there are any pending transactions.

Right. That's why I usually just wait to import them.

You could put them in a comment too, so that when you import you have some of the info already fille dind in.

 

I am trying to use a special account for these pending transactions (is that
"accounts payable" in accounting lingo?)

I suppose you can do that; it's called a "transfer account."

 

To unsubscribe from this group and all its topics, send an email to beancount+unsubscribe@googlegroups.com.

To post to this group, send email to bean...@googlegroups.com.

To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAK21%2BhN35avir48ZNsNiL5cczsKhp%3DjtQKD5LVaDuDXKybaS1w%40mail.gmail.com.
For more options, visit https://groups.google.com/d/optout.

--

You received this message because you are subscribed to the Google Groups "Beancount" group.
To unsubscribe from this group and stop receiving emails from it, send an email to beancount+unsubscribe@googlegroups.com.
To post to this group, send email to bean...@googlegroups.com.

To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/3015214C-BED3-41B3-ACB9-3D4C289B83ED%40dottedmag.net.