Dividend reinvestment is a purchase of shares. The dividend amount is income at least as far as the tax man is usually concerned. As a practical matter, using a broker's dividend reinvestment program, in my personal (cash, not accrual) books, I ignore all the monkey motion (the broker reveals how and when the cash moves and the shares get bought and settled), and record it as a dividend amount (income) and purchase of the asset (the reinvestment) with it. Ordinarily, both of those happen on the same business day. If the reinvestment is delayed across the end of an accounting period, the cash moves (dividend -> cash or sweep account -> purchase shares) might have to be recognized because the brokerage cash or sweep account will temporarily be bigger by the amount of the dividend.
Mutual funds generally don't show you all the cash manipulation. They just show on your statement or a trade confirmation that as of date X you reinvested $some_dividend_amount in some (usually fractional) number of shares. Mike B GnuCash - User mailing list wrote > I have been going through that and working through most of the questions > I have had to date. > BTW Chapter 9 is about investments and I have that pretty much under > control. I have even been able to semi automate the updating of my > security prices with out having to go through Alpha Vantage or what ever > it's called. > > On 3/30/21 10:56 PM, David Carlson wrote: >> Read the tutorial and Concepts guide, paying close attention to Chapter 9 >> and particularly to < >> https://www.gnucash.org/viewdoc.phtml?rev=4&lang=C&doc=guide> >> >> On Tue, Mar 30, 2021 at 9:46 PM Peter Parsons < > parsonspg@ > > wrote: >> >>> Is there a convenient way of recording dividend/interest income that is >>> reinvested in additional securities? ( I could, of course, record an >>> imputed income-in transaction offset by an investment-out transaction) >>> Thanks >>> Peter Parsons >>> >>> Sent from Mail<https://go.microsoft.com/fwlink/?LinkId=550986> for >>> Windows 10 >>> >>> _______________________________________________ >>> gnucash-user mailing list >>> > gnucash-user@ >>> 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. >>> >> > > -- > Old Unix programmers never die, they just mv to /dev/null > - Anonymous > > _______________________________________________ > gnucash-user mailing list > gnucash-user@ > 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. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ 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.
