On Oct 15, 2010, at 6:25 AM, Geert Janssens wrote:

> In afterthought I think I found it confusing because there is no clear visual 
> link between the two.
> 
> In my naive way of using the tools, I would go to the price editor, click the 
> Add button, and see a list of namespaces. It didn't occur to me that only the 
> Currencies namespace has some predefined "securities". To get a price for 
> another security I'd have to first go to the Securities editor, set up a new 
> security and then add a price quote in the Price editor.
> 
> It would have been more intuitive to have a "Add new security" button inside 
> the New Price dialog.
...
> I found that while the price editor only shows the date, internally the time 
> is saved as well, so in principle you could use the price editor to handle 
> multiple prices on the same day. The gui just doesn't show it, which makes it 
> a bit difficult to guess.

Hmm. I can see why your workflow would find the price and security editor setup 
confusing. I don't think that having an "add security" function in the price 
editor is the right thing to do, because just adding a security doesn't really 
get you anywhere: You also need an account to hold that security. Not only 
that, but for transactional purposes, prices created by the price editor have 
no effect AFAICT. You create a new price when you enter a transaction involving 
an exchange between securities (usually between a security and the default 
currency, but also between currencies for those folks who have to do business 
in more than one.)

My workflow when I buy a new security is to first create an account; the 
account editor has a way to select an existing security or to create a new one, 
which I use. Once the account is created, I return to my cash account and enter 
the buy transaction. A dialog box comes up asking for the price/exchange rate 
or the number of (e.g.) shares in the other account bought or sold. That 
creates the first price entry. (Subsequent purchases or sales will sometimes 
bring up the "exchange rate" dialog, sometimes not. In the not cases I have to 
go to the security account and adjust the transaction, which also creates a new 
price entry.) I seldom use the price editor except to run Finance::Quote.

Regards,
John Ralls



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