GnuCash
supports over a hundred currencies, from the Andorran Franc to the Zimbabwe Dollar. For
example, you can have a bank account set up in Euros, and another using Hong Kong Dollars.
Some of the issues which arise when using multiple currencies are as follows:
You can either deal with multiple currencies using manually entered transactions to record currency
gains and losses as described in Section 12.2, “Manually Recording Currency Transaction” or you can utilize
currency trading accounts introduced with GnuCash
version 2.3.14 to automatically record the
gains and losses on transactions between currencies as described in the subsequent section.
Trading accounts are not enabled by default in GnuCash
and must be explicitly enabled as
described in Section 12.3, “Automatically Recording Currency Transactions using Trading Accounts”.