What is the difference between price and cost

[Tristan Kohl]

As the title says.

I am on holidays in Japan and withdrew 50k Yen from my bank account. Would it be more appropriate to use cost or price directive for this tracking my expenses?

Thanks in advance.

Cheers

[Martin Blais]

Price, always.
Cost is to be used only when you want to track cost basis, usually for
calculating profits or calculatings gains for taxes.
Before you ask, if you care about the profit/loss from currency
transactions, use the currency trading accounts method.

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[Tristan Kohl]

Sorry for my late response, thank you for clarifying this, works like a charm :)

On Sunday, October 6, 2019 at 1:42:01 PM UTC, Martin Blais wrote:

Price, always.
Cost is to be used only when you want to track cost basis, usually for
calculating profits or calculatings gains for taxes.
Before you ask, if you care about the profit/loss from currency
transactions, use the currency trading accounts method.

On Thu, Oct 3, 2019 at 6:37 AM Tristan Kohl <kohlt...@gmail.com> wrote:
>
> As the title says.
>
> I am on holidays in Japan and withdrew 50k Yen from my bank account. Would it be more appropriate to use cost or price directive for this tracking my expenses?
>
> Thanks in advance.
> Cheers
>
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> 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 bean...@googlegroups.com.