add gold and silver currency code XAU AND XAG TO ZOHO BOOKS CURRENCIES OPTIONS CHOICE TABLE
THIS will solve the issue of recording purchase of gold as a reserve asset for management of corporate treasuries
right now we are using the bill function with zoho books but it is not right because it is used for managing inventories, which is different from managing treasuries by investing in gold
the simple and elegant way is to simply ADD a currency code XAU AND XAG to zoho books and then we could simply add manually an cash account denominated in XAU to record the transfer of fiat currency into gold as an current assset to hold in the BS
Anonymous
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Mohsin Sangani commented
Absolutely! Integrating a currency code for gold and silver like XAU and XAG in accounting software, such as Zoho Books, would streamline the recording process for corporate treasuries. It's a practical solution. You can get latest updates on gold trends at https://www.moneycontrol.com/news/brand-connect/the-5-best-gold-ira-companies-reviewed-11885391.html
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Brian Schwarze
commented
Hi. It is a good investment idea. I expect market fall, high currency volatility, and new economic sanctions soon. In general, precious metals have always been protective active for me. Therefore, I decided to use the https://goldtrends.net/american-hartford-gold/ service last month. Despite some kind of gold depreciation. Btw, it can be considered as an alternative to acquiring foreign currency from the point of savings. But you should not forget that the situation is changing every day. The circumstances may not be in your favor.
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Eugene
commented
Something is just not right about the whole thing. The market changes almost every day