Re: Trading Accounts for Securities

When I set up a trading account for a USD stock, gnucash diligently added transactions in the trading account for the stock and for USD. The stock trading account simply tracks the number of shares in the account (which is what the asset account for the stock already does). The USD trading account

Re: Trading Accounts for Securities

Thanks, Derek. I get that. I guess trading accounts do not provide for a use case I need. Keith On Wed, Feb 21, 2018 at 12:10 PM, Derek Atkins wrote: > Hi, > > Trading accounts do not show you UNREALIZED gains. They exist to help you > balance out REALIZED gains once you

Re: Trading Accounts for Securities

Hi, Trading accounts do not show you UNREALIZED gains. They exist to help you balance out REALIZED gains once you have a sale transaction. -derek On Wed, February 21, 2018 12:00 pm, Keith Bellairs wrote: > I started looking at using trading accounts but I may be missing > something. > > The

Re: Trading Accounts

Thanks, that is what my test file indicates.  I am adding Trading Accounts to my production GC file. Les On 02/13/2018 02:59 AM, Wm via gnucash-user wrote: On 12/02/2018 17:12, Les wrote: I use, in addition to USD. AUD, HKD, CAD, CNY and SGD.  I buy in tranches for average cost.  So, not

Re: Trading Accounts

On 13/02/2018 02:27, David Carlson wrote: Be sure to compare what Gnucash generates to what your broker reports to the government. Gnucash has trouble calculating the net gain that the IRS wants to see. Many of us still use spreadsheet s to compare to the brokerage reports that are sent to the

Re: Trading Accounts

On 12/02/2018 17:12, Les wrote: I use, in addition to USD. AUD, HKD, CAD, CNY and SGD.  I buy in tranches for average cost.  So, not sure that means I have complicated trades but I make sure I never have any orphan accounts. I checked my test file for capital and it did not list any. Although,

Re: Trading Accounts

On 12/02/2018 12:41, Les wrote: I have a "test" laptop with GC 2.6.17 running the latest Linux Mint.  I opened GC and tried using Trading Accounts, did check and repair, noted the totals of assets, liabilities, income and expense before and after. There was no difference.  I then ran a Income

Re: Trading Accounts

Good advice David. I have always just used my broker reports for tax purposes.  I guess I never really relied on GC for such reporting.  I use GC to keep track of my day-to-day transactions; inputing from paper receipts as I receive them. Also reconciling bank and brokerage accounts at month

Re: Trading Accounts

Be sure to compare what Gnucash generates to what your broker reports to the government. Gnucash has trouble calculating the net gain that the IRS wants to see. Many of us still use spreadsheet s to compare to the brokerage reports that are sent to the IRS. David C On Feb 12, 2018 2:27 PM,

Re: Trading Accounts

I ran a balance sheet for 2016 and compared the two.  Everything looks the same until I reach the equity account.  Here is where the difference occurs (and I completely missed it initially).  In the GC file without the use of Trading Accounts, I have unrealized gains, whereas in the GC file

Re: Trading Accounts

If you read Christopher's links, they go into the theory behind the development of trading accounts. I personally do not need them for my use, so I am not conversant with how they work. I think that you may need them, based on the fact that you are looking into using them, but I cannot help with

Re: Trading Accounts

Hi Les Really interesting question, with a simple and a complicated answer. Simple answer: I think Trial Balance would differ if you deal with multiple currencies or stock (i.e. multiple conversions with differing dates and prices). Complicated answer:

Re: Trading Accounts

I have a "test" laptop with GC 2.6.17 running the latest Linux Mint.  I opened GC and tried using Trading Accounts, did check and repair, noted the totals of assets, liabilities, income and expense before and after.  There was no difference.  I then ran a Income and Expense report for year

Re: Trading Accounts

It would be more fun to make a test copy of an existing file!  David C On Feb 12, 2018 4:13 AM, "Les" wrote: > Thanks, Adrien, David & Christoph for your replies. I think opening a new > GC file and testing Trading Accounts is a good idea. > > Regards, > > Les > > > On

Re: Trading Accounts

And run “Actions -> Check & Repair -> Check & Repair All” to add the needed splits to existing transactions. Gruß, Christoph > Am 12.02.2018 um 01:27 schrieb David Carlson : > > I think that if you want to stop using trading account s it is difficult to > turn them

Re: Trading Accounts

I think that if you want to stop using trading account s it is difficult to turn them off. I would set up a test file to try them on until you decide whether you like them. David C On Feb 11, 2018 5:39 PM, "Adrien Monteleone" wrote: > Yes, you can add trading