Lending and Borrowing money
Posted: 18 October 2010, 10:49
Hi,
I may have not fully understood how I am supposed to manage lending an borrowing. I'm experiencing some problems with concurrency.
two scenarios:
Scenario 1 (same concurrency):
I'm A and lend money to B -> I create a transaction with a negative value (es. 10EUR) and add B as "Poeple" for 100% of the amount.
B pays back -> I create a transaction with a positive value (es. 10EUR) and add B as "Poeple" for 100% of the amount
This works flawlessly
Scenario 2 (different concurrency):
I'm A and lend money to B while in UK -> I create a transaction with a negative value (es. 10GBP) and add B as "Poeple" for 100% of the amount.
B pays back when back in italy in EUR-> I create a transaction with a positive value (es. 12,XXEUR according to current exchange) and add B as "Poeple" for 100% of the amount.
Here is the problem:
As soon as the concurrency rates change I owe money to B or he owes me... This is kind of bothering since the transactions are over.
I guess I missuse iCompta to manage this task or perhaps the should be a way to "freeze" transaction accourding to a specific concurrency rate.
Cheers and thanks
Ciro
I may have not fully understood how I am supposed to manage lending an borrowing. I'm experiencing some problems with concurrency.
two scenarios:
Scenario 1 (same concurrency):
I'm A and lend money to B -> I create a transaction with a negative value (es. 10EUR) and add B as "Poeple" for 100% of the amount.
B pays back -> I create a transaction with a positive value (es. 10EUR) and add B as "Poeple" for 100% of the amount
This works flawlessly
Scenario 2 (different concurrency):
I'm A and lend money to B while in UK -> I create a transaction with a negative value (es. 10GBP) and add B as "Poeple" for 100% of the amount.
B pays back when back in italy in EUR-> I create a transaction with a positive value (es. 12,XXEUR according to current exchange) and add B as "Poeple" for 100% of the amount.
Here is the problem:
As soon as the concurrency rates change I owe money to B or he owes me... This is kind of bothering since the transactions are over.
I guess I missuse iCompta to manage this task or perhaps the should be a way to "freeze" transaction accourding to a specific concurrency rate.
Cheers and thanks
Ciro