Isn't this "unrealised gains/losses"? Jai: the "proper" way to record transactions during shorting is still unsolved, but should be similar to buying/selling stock, except the balances are negative. Broker expense fees remain positive.
On Wed, 9 Jun 2021, 10:28 am Geoff, <cleanoutmys...@gmail.com> wrote: > Hi Christopher > > Thanks for pointing out these issues. > > My reasoning for the need to book a future liability for a short sell > was to record the obligation to deliver the short sold stock at a future > date. Perhaps "contingent liability" would be a better term? > > Anyway, I'll leave that to the experts. > > Regards > > Geoff > ===== > > On 9/06/2021 11:34 am, Christopher Lam wrote: > > Hi Geoff > > > > On Wed, 9 Jun 2021, 9:27 am Geoff, <cleanoutmys...@gmail.com > > <mailto:cleanoutmys...@gmail.com>> wrote: > > > > > > Gnucash will permit you to run a negative balance on a stock, see > > attached screenshot. > > > > > > The UI will allow you to record transactions when short-selling, but > > bear in mind: > > - the current portfolio and advanced portfolio reports cannot handle > > negative stock balances; the reports will bail out. > > - it's likely very wrong to record a single transaction that sells more > > stock than your current holding; you'll need to sell current balance > > (and record cap gains/losses) *then* record a separate short-sell > > transaction to achieve a negative balance. > > - recent releases (4.5? or current daily builds) have an experimental > > IFRS cost basis report which aims to calculate the average cost base, > > according to some jurisdictions eg Canadian. It's not guaranteed correct > > yet. > > > > > > Note that I am not an accountant, but I think you should also book a > > future liability for when the short falls due. > > > > > > Why? > _______________________________________________ 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.
