Combining Gain & Loss on Foreign Exchange

morag

I have worked out how to combine expenses and refunds of expenses such as bank fees, so that you only have one total - you make an account in the expenses section "Payment Processing Fee", and then you can add things in this account as an expense, and also have refunds of this account as well. Perfect!

So my question is, how do I achieve the same thing for an Income account. Specifically, I have items which are a "Gain on Foreign Exchange" and other items which are a "Loss on Foreign Exchange". I would like to categorise the losses as a negative amount in the Gain category, so that I don't have two totals in my Profit/Loss Report, but just the one total.

JordanD

@morag gains and loss accounts were created separately so that you can track each of the changes separately and make finding errors and making the adjustments for them somewhat easier. For this reason, I would not recommend combining them in one account, although that may feel easier to look at on your reporting.