-----Original Message----- From: D <sunfis...@yahoo.com> Sent: Thursday, 7 March 2019 12:26 PM To: Chris Good <goodchri...@gmail.com>; Gnucash Users <gnucash-user@gnucash.org> Subject: Re: [GNC] Fwd: Bonus share entry
Chris, That's a bad idea. It messes up the lots as you note, it screws up the acquisition dates (important for tax purposes in the US), and ultimately it's not what happened. Since it is possible to add zero cost shares using tab (instead of enter), there is no reason to use this approach. You certainly don't *have* to use it. David On March 7, 2019, at 2:29 AM, Chris Good <goodchri...@gmail.com> wrote: Message: 6 > Date: Wed, 6 Mar 2019 22:00:16 +1030 > From: Gnucash Xboxboy Mageia <xboxboy.mageia+gnuc...@gmail.com> > To: Derek Atkins <de...@ihtfp.com> > Cc: gnucash-user@gnucash.org > Subject: Re: [GNC] Fwd: Bonus share entry > Message-ID: > > <CAKFYoHp0Q5P+1uMDVM=aO=WHE+iYNBd8vc9ib5oHaiHRyG8=0...@mail.gmail.com> > Content-Type: text/plain; charset="utf-8" > >> On Wed, Mar 6, 2019 at 9:38 PM Derek Atkins <de...@ihtfp.com> wrote: >> >> The cost may be zero, but the value is not. >> Maybe just enter them as 0.01? >> >> -derek >> Sent using my mobile device. Please excuse any typos. >> On March 6, 2019 6:07:28 AM Gnucash Xboxboy Mageia >> <xboxboy.mageia+gnuc...@gmail.com> wrote: >> >>> Hi all, >>> I have some bonus shares that were issued with no cost to me: >>> >>> I am having trouble entering them without a cost. When I put 0 as >>> the >> cost, >>> on the next line 1 appears, and I am unable to get rid of it. >>> >>> Perhaps I'm doing this the wrong way, and need to be entering them >>> as a share split? >>> >>> In this case, I had 100 shares, and got issued 16 for no cost: so I >>> have >>> 116 in total. >>> >>> Any ideas? >>> >>> Thanks, >>> Xboxboy >>> _______________________________________________ >>> 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. > Hi Derek, > > I've attached a picture, I don't think I'm explaining very well. > > Please see attached. > > What can I do about that imbalance line? > Many thanks, > Xboxboy > -------------- next part -------------- A non-text attachment was > scrubbed... > Name: Screenshot_20190306_215426.png > Type: image/png > Size: 34424 bytes > Desc: not available > URL: > <http://lists.gnucash.org/pipermail/gnucash-user/attachments/20190306/ > 8a2c7c73/attachment.png> > Hi XBoxBoy, If the tax authorities have agreed that you are getting these bonus shares for zero cost, then to keep the cost correct in GnuCash you will have to do a dummy sell of all your existing shares at cost, and then in another transaction, buy them, including the bonus qty, at the same cost. Assuming this is for your personal accounting, it probably doesn't matter which account you use for the other side in each transaction - you could probably use either a bank account (and if you reconcile that bank account, flag the transactions as reconciled even though they never appear on a bank statement) or an Equity:Opening Balances account - you should check with your accountant. Doing this will mean manually keeping track of lots bought and sold when determining costs of future sales. Regards, Chris Good Hi David, You're right, I was confusing this with the problem where the Advanced Portfolio Report doesn't handle Return Of Capital transactions, but it seems to handle zero cost and price transactions OK. Sorry for the bad advice XBoxBoy. Regards, Chris Good _______________________________________________ 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.
