Assets and Liabilities most certainly can have different totals. The difference is Equity.
With GnuCash you have the option of letting it calculate the unrealized loss/gain and retain the flexibility to run custom reports, or, lose some reporting flexibility and periodically (through the close-books procedure) formally recognize that gain or loss to an Equity account. (that is, gain/loss as a result of Income - Expenses, not from sale of assets, that should be done at the actual sale) Regards, Adrien > On Apr 2, 2018, at 11:47 AM, cag...@free.fr wrote: > > It's not comfortable for an accountant's mind to have Assets and Liabilities > with different totals :-) > > I understand there is a way not to show Unrealized losses but I am at a loss > to find it. > > Alain > > > > > > > De: "David T." <sunfis...@yahoo.com> > À: cag...@free.fr, "John Ralls" <jra...@ceridwen.us> > Cc: "gnucash-user" <gnucash-user@gnucash.org> > Envoyé: Lundi 2 Avril 2018 14:52:46 > Objet: Re: Unrealized loss > > Alain, > > Your new transaction is balanced, and won't affect the imbalance in another > transaction. > > I personally find the unrealized gains issue to be exceedingly difficult to > understand. Since you say you don't care about this, just ignore it. > > David T > > > > > On Mon, Apr 2, 2018 at 17:02, cag...@free.fr > <cag...@free.fr> wrote: > > > > De: [ mailto:cag...@free.fr | cag...@free.fr ] > À: "John Ralls" < [ mailto:jra...@ceridwen.us | jra...@ceridwen.us ] > > Cc: "gnucash-user" < [ mailto:gnucash-user@gnucash.org | > gnucash-user@gnucash.org ] > > Envoyé: Lundi 2 Avril 2018 13:51:03 > Objet: Re: Unrealized loss > > > > > De: "John Ralls" < [ mailto:jra...@ceridwen.us | jra...@ceridwen.us ] > > À: [ mailto:cag...@free.fr | cag...@free.fr ] > Cc: "gnucash-user" < [ mailto:gnucash-user@gnucash.org | > gnucash-user@gnucash.org ] > > Envoyé: Dimanche 1 Avril 2018 15:34:43 > Objet: Re: Unrealized loss > > > > > > > On Apr 1, 2018, at 5:13 AM, [ mailto: [ mailto:cag...@free.fr | > cag...@free.fr ] | [ mailto:cag...@free.fr | cag...@free.fr ] ] wrote: > > > Hello. > > I have have had an "unrealized loss" showing on my balance sheet for years. I > haven't bothered too much as the amount is extremely small. (€7.70). > > I had kind advice on this forum as to identify the date on which the loss > showed up and the procedure to cancel it. I did find the date but stangely > not the transaction. So I'm not going to keep trying to cancel the loss any > longer. > > I read that, without actually "cancelling" the loss, it is possible to > prevent it from showing. I know that this is not legal for a company, but my > book keeping is fully personal so I'd like to know the procedure. > > > > > “Cancelling” isn’t really the right term. You need to record the loss as > either expense or negative income depending on how you handle capital gains. > There’s an explanation of how to do this in [ [ > https://www.gnucash.org/docs/v2.6/C/gnucash-guide/invest-sell1.html | > https://www.gnucash.org/docs/v2.6/C/gnucash-guide/invest-sell1.html ] | [ > https://www.gnucash.org/docs/v2.6/C/gnucash-guide/invest-sell1.html | > https://www.gnucash.org/docs/v2.6/C/gnucash-guide/invest-sell1.html ] ] . > > Regards, > John Ralls > > > > I have identified the day on which the unrealized lossed first appeared. I > have drawn a transaction report for that day (and the day before). There is > no transaction that can remotely explain the loss. > I do not handle foreign currencies. Regarding shares I do not use trader > accounts or split transactions including profits or losses. I do not enter > share values into GC until the day I sell them. There is no way in the > meantime GC can take into account a difference in value. > > Something might help identify where the problem comes from: I had another > instance with an unrealized loss as big as my total yearly income. It went > away a few weeks (or months I'm not sure) after it showed up. There is no way > a single transaction (or even a few ) on a particular day triggered an > unrealized loss as big as my yearly income. > > What I would like at this stage is simply set GC NOT to SHOW unrealized > losses/gains. No legal problem as I'm only managing my personal > familyaccounts. > > TIA for you help > Regards > Alain > > > I tried the following: > C an equity account "Unrealized loss" : EUR 7.70 > D an income account "Realized loss" : EUR 7.70 > The total Equity remained the same - 7.70 > I changed the signs and the total equity remained at - 7.70 > I don't get it. > > TIA > Alain > > > > > _______________________________________________ > gnucash-user mailing list > [ mailto:gnucash-user@gnucash.org | gnucash-user@gnucash.org ] > To update your subscription preferences or to unsubscribe: > [ https://lists.gnucash.org/mailman/listinfo/gnucash-user | > https://lists.gnucash.org/mailman/listinfo/gnucash-user ] > If you are using Nabble or Gmane, please see [ > https://wiki.gnucash.org/wiki/Mailing_Lists | > https://wiki.gnucash.org/wiki/Mailing_Lists ] for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > > > > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. 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