2012-11-20 GnuCash IRC logs
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16:10:39 <dashavoo> Hello. I've got a bank account in one country, and pay some bills from that account as well as receive money into it on an irregular basis, and then I live in another country with a difference currency and have a bank account there. I am a freelancer. Can anyone recommend the best way for me to organise my accounts? I am a new user, I tried gnucash before and ran away because it scared me.
16:21:37 <warlord> IANAA, but IMHO the best approach is parallel accounts for each currency.
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16:29:28 <dashavoo> warlord: that was my instinct, but it seemed like the sort of thing I should ask about before I committed myself
16:29:36 <dashavoo> thanks :)
16:29:48 <dashavoo> I'll stick about a bit incase anyone else has other ideas
16:36:50 <warlord> IMHO your accounts should model the real world. If you are paying for expenses in a foreign currency from a f.c. bank account then in general you should have a f.c. Bank Account and f.c. expense accounts in gnucash.
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16:37:41 <warlord> I say "in general" because there are cases where it doesn't make sense to have f.c. expense accounts. But those are generally when you don't regularly pay in a f.c. and most expenses get translated back to your home currency (e.g., you're on a biz trip and use your CC)
16:39:19 <dashavoo> hmm, that makes sense
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