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fangpenlin | 1 year ago
So BeanHub is built on top of Beancount and uses double-entry accounting. It's one of the benefits of double-entry accounting. Many accounting software are not good at dealing with multi-currencies or custom currency. With Beancount, you can define any commodity you want, create transactions, and convert them with different currencies easily. For example, you can define a commodity TSM and create transactions[1] like this:
2025-01-01 commodity TSM
2025-03-05 * "Purchase TSMC"
Assets:US:Bank:WellsFargo:Checking -2,000 USD @ 100 TSM
Assets:US:Bank:Robinhood 20 TSM
I think many people trade crypto, and traditional accounting software may not be that friendly to them. That's why I emphasized a bit to the crypto target audience. But you're right; I should make it clearer that it's not just for crypto.[1]: https://beancount.github.io/docs/beancount_language_syntax.h...
namaria|1 year ago