This is based on an approach that I've been using manually for several years and found to work very well for our family budget which crosses three different currencies and involves a lot of foreign transactions and transfers (after trying a few other ways first).

The approach boils down to:

For example, if

the Euro difference account would hold $10.00, since

If you create a €10.00 transaction, a corresponding transaction for $1.00, with the same payee and category, will be created in the Euro difference account in order to keep its balance correct.


Next: Accounts


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