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## Paypal conversions, reimbursements
A complicated real-life example (try to avoid this).
Here were several ways of recording a situation involving
- a business expense in a foreign currency, made with paypal
- paypal's bank transfer and currency conversion transactions
- reimbursement due from a client
- business and personal accounts tracked in the same journal
- reimbursement due from business to personal
### Short version
A pragmatic condensed version.
The foreign currency and paypal transactions are noted only as comments, and don't appear in reports.
The client reimbursement balance is reported as $ (appropriate in this case since they were billed in dollars).
```journal
2022-03-16 * mail-tester.com | for client
; txnid:6J734837CW8252237, paypal outflow
; txnid:6T5967442S085784Y, refill from checking
; txnid:5U407731S97694332, convert from €
; txnid:7GR54150TH923981E, convert to $
JS:assets:receivable:cl:reimbursement $5.74 ; for €5.00 mail-tester expense
sm:assets:bank:wf:pchecking $ -5.74
; note business obligation to repay personal account
JS:liabilities:payable:sm:reimbursement $-5.74
sm:assets:receivable:JS:reimbursement $5.74
```
register
```
2022-03-16 mail-tester.com | for client JS:assets:receivable:cl:reimbursement $5.74 $5.74
sm:assets:bank:wf:pchecking $-5.74 0
JS:liabilities:payable:sm:reimbursement $-5.74 $-5.74
sm:assets:receivable:JS:reimbursement $5.74 0
```
balance -E
```
$5.74 JS:assets:receivable:cl:reimbursement
$-5.74 JS:liabilities:payable:sm:reimbursement
$-5.74 sm:assets:bank:wf:pchecking
$5.74 sm:assets:receivable:JS:reimbursement
--------------------
0
```
### Compact version
The foreign currency was recorded, using @@ notation.
The client reimbursement balance is reported in the foreign currency, needing -B or similar to convert to $.
The paypal transactions are noted only as comments.
```journal
2022-03-16 * mail-tester.com | for client
; paypal purchase, drawn from checking
; txnid:6J734837CW8252237, paypal outflow
; txnid:6T5967442S085784Y, refill from checking
; txnid:5U407731S97694332, convert from €
; txnid:7GR54150TH923981E, convert to $
JS:assets:receivable:cl:reimbursement €5.00 @@ $5.74
sm:assets:bank:wf:pchecking $-5.74
; note business obligation to repay personal account
JS:liabilities:payable:sm:reimbursement $-5.74
sm:assets:receivable:JS:reimbursement $5.74
```
register
```
2022-03-16 mail-tester.com | for client JS:assets:receivable:cl:reimbursement €5.00 €5.00
sm:assets:bank:wf:pchecking $-5.74 $-5.74
€5.00
JS:liabilities:payable:sm:reimbursement $-5.74 $-11.48
€5.00
sm:assets:receivable:JS:reimbursement $5.74 $-5.74
€5.00
```
balance -E
```
€5.00 JS:assets:receivable:cl:reimbursement
$-5.74 JS:liabilities:payable:sm:reimbursement
$-5.74 sm:assets:bank:wf:pchecking
$5.74 sm:assets:receivable:JS:reimbursement
--------------------
$-5.74
€5.00
```
### Detailed version
A fully detailed version.
Equity is used for balanced currency conversions.
All transactions from paypal's CSV are included (generated by conversion rules).
```journal
2022-03-16 * mail-tester.com | for client
; txnid:6J734837CW8252237, itemid:, fromemail:, toemail:contact@woobeo.com, type:T0007, status:S
sm:assets:online:paypal €-5.00 =* €-5.00
JS:assets:receivable:cl:reimbursement €5.00
2022-03-16 * T0300 for 6J734837CW8252237 Total price
; txnid:7GR54150TH923981E, itemid:, fromemail:, toemail:, type:T0300, status:S
sm:assets:online:paypal $ 5.74 =* $ 5.74
sm:assets:bank:wf:pchecking $ -5.74
2022-03-16 * T0200 for 6J734837CW8252237 Total price
; txnid:6T5967442S085784Y, itemid:, fromemail:, toemail:, type:T0200, status:S
sm:assets:online:paypal $ -5.74 =* $ 0.00
JS:equity:conversion $ 5.74
2022-03-16 * T0200 for 6J734837CW8252237 Total price
; txnid:5U407731S97694332, itemid:, fromemail:, toemail:, type:T0200, status:S
JS:equity:conversion €-5.00
sm:assets:online:paypal €5.00 =* €0.00
2022-03-16 * note business obligation to repay personal account
JS:liabilities:payable:sm:reimbursement $-5.74
sm:assets:receivable:JS:reimbursement $5.74
2022-03-16 * convert cl receivable from 6J734837CW8252237
JS:assets:receivable:cl:reimbursement €-5.00
JS:equity:conversion €5.00
JS:equity:conversion $-5.74
JS:assets:receivable:cl:reimbursement $5.74
```
register
```
2022-03-16 mail-tester.com | for client sm:assets:online:paypal €-5.00 €-5.00
JS:assets:receivable:cl:reimbursement €5.00 0
2022-03-16 T0300 for 6J734837CW8252237 Total price sm:assets:online:paypal $ 5.74 $ 5.74
sm:assets:bank:wf:pchecking $ -5.74 0
2022-03-16 T0200 for 6J734837CW8252237 Total price sm:assets:online:paypal $ -5.74 $ -5.74
JS:equity:conversion $ 5.74 0
2022-03-16 T0200 for 6J734837CW8252237 Total price JS:equity:conversion €-5.00 €-5.00
sm:assets:online:paypal €5.00 0
2022-03-16 note business obligation to repay per.. JS:liabilities:payable:sm:reimbursement $ -5.74 $ -5.74
sm:assets:receivable:JS:reimbursement $ 5.74 0
2022-03-16 convert cl receivable from 6J734837CW.. JS:assets:receivable:cl:reimbursement €-5.00 €-5.00
JS:equity:conversion €5.00 0
JS:equity:conversion $ -5.74 $ -5.74
JS:assets:receivable:cl:reimbursement $ 5.74 0
```
balance -E
```
$ 5.74 JS:assets:receivable:cl:reimbursement
0 JS:equity:conversion
$ -5.74 JS:liabilities:payable:sm:reimbursement
$ -5.74 sm:assets:bank:wf:pchecking
0 sm:assets:online:paypal
$ 5.74 sm:assets:receivable:JS:reimbursement
--------------------
0
```
## See also
- [Peter Selinger: Tutorial on multiple currency accounting](http://www.mscs.dal.ca/~selinger/accounting/tutorial.html)
- [ledger-currencies tutorial](https://github.com/mikekchar/ledger-currencies)
- [Understanding the valuation function and the market function](https://groups.google.com/d/msg/ledger-cli/dc6F-HvZOyE/5IuoxzMOBwAJ)