According to my HP handheld calculator, 15,000.00 divided by 1,377.41 yields 10.8900. According to my hp 49g+ scientific graphing calculator, 15,000.00 divided by 1,377.41 yields 10.8900037026. I defy anyone to pay that amount per share in U.S. currency. I am sure the broker's report showed $10.89 per share and $15,000.00 total paid, which is what GnuCash would show if the user selected the price to be calculated instead of the total amount according to the attached illustration because GnuCash would show the price to the nearest cent . If shares were expressed to three decimal places as some brokers' statements do, I suspect the missing digit would still be zero and the result would not change for this example . Where is the problem?
On Sat, Oct 7, 2023 at 11:55 AM Bruce McCoy via gnucash-user < gnucash-user@gnucash.org> wrote: > Hi Everyone, > > On Fri, Oct 6 at 1:02 PM John Ralls wrote: > >Book out of balance, meaning that the trial balance > >report doesn't balance with the Average Cost price > >source, nearly always results from not computing > >capital gains/losses correctly. Interpret that > >broadly:... > > The books are out of balance when either the “Computing cost of goods > sold” calculations or the “Average Cost price source” differ from the “the > trial balance report” calculations. Both of these are more major points. Is > our concern here about a relatively major point or about a relatively minor > point? > > >GnuCash's rounding isn't likely to put books out of > >balance because GnuCash forces transactions to be > >balance in the transaction currency. > > “GnuCash's rounding isn't likely to put books out of balance” is certainly > true. GnuCash's routines have a high degree of precision. I’d say John > Ralls’ and Jim DeLaHunt’s work on rational numbers is excellent. GnuCash > almost always displays an answer correct to two decimals. Can GnuCash ever > put the books out of balance? > > >GnuCash forces transactions to be > >balance in the transaction currency. > > In the transaction currency, GnuCash forces transactions to balance with a > high degree of precision. This is certainly true. Does GnuCash force > transactions, in the transaction currency, to balance in all cases? > > In previous posts, we have mentioned Jeff Earickson's experience and > comment. > > We mentioned that on a certain day, Jeff entered the number of shares he > purchased (1,377.41) and the price per share he paid (10.89). GnuCash > calculated the Value of the transaction. > > Jeff expected the numbers in his transaction line to be as follows: > > # shares Price-per-share Value > 1,377.41 10.89 15,000.00 > > https://tempsend.com/qekjd has Shares_Price_Value_Calculate_gnu.png. > Jeff wanted to see something similar. > > The numbers GnuCash calculated were as follows: > > # shares Price-per-share Value > 1,377.41 10.89 14,999.99 > > Jeff Earickson observed the discrepancy and understood that his books were > not in balance due to Ghucash’s calculations. So, Jeff contacted GnuCash. > And Mike Novack noticed. > > On Sun Feb 23 10:15:34 EST 2014, Mike Novack mentioned Jeff Earickson's > comment > >"1377.41 x 10.89 = $14,999.99 (one penny off, arrrgh...)"[1]. > > Jeff seems to want GnuCash to calculate the value of his transaction > correctly to, using the convention that ignores the first digit if it is a > one, at least 6 significant digits. In this case, GnuCash’s approximations > are almost correct. > > Jeff wants his transaction line to balance. Jeff states the difference in > pennies and also states his reaction to GnuCash’s calculations. > > Jeff’s situation is the specific example cited for our discussion of a > general situation with GnuCash. This example illustrates the question for > consideration. > > Our question for discussion is as follows: > > >What are the plans to help our users whose > >books are out of balance by a cent or so? > > > Footnotes: > [1] > https://lists.gnucash.org/pipermail/gnucash-user/2014-February/053296.html, > > https://lists.gnucash.org/pipermail/gnucash-user/2014-February/053299.html > . > > > > | | Virus-free.www.avast.com | > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- David Carlson _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
