Thank you for the explanation, John! I did have the price source for
the report set to "Nearest in time". After setting the source to
"Average Cost" the numbers came out as expected.
Regarding your question about the proper recording of the capital gains,
I'm still going through the documentation to set up the accounts as
listed. My initial problem was that the numbers didn't add up even
before I sold anything.
--
Volker Englisch
phone: (240) 343-5343 (mobil)
mailto:vol...@englisch.us
On 6/14/21 12:06 PM, John Ralls wrote:
On Jun 13, 2021, at 5:39 PM, Volker Englisch <vol...@englisch.us> wrote:
Hi there,
I would like to check if I'm doing something wrong or if I'm correct in my
assumption that the Trial Balance report isn't displaying correct amounts in
all cases.
I'm using Ubuntu 20.04.2 LTS with GnuCash 3.8.
I started keeping track of some stock and entered the number of shares on Jan.
1, 2021, for example. Let's say I have 100 shares worth $2 each.
Asset:Investment:MyStock 200 (for 100 shares at $2)
Equity:Opening Balance 200
After a while (April 1st) I sell all shares and enter the corresponding
transaction. The price for the shares increased to $3 since I started tracking
(I wish!):
Asset:Current Asset:Checking Account 300
Asset:Investment:MyStock 300 (for 100 shares, $100 realized
gains)
When I run the trial balance report for the day I first entered MyStock
everything looks good: $200 debit / $200 credit. The same is true for the day
I sold MyStock: $300 debit / $200 credit, the difference is my gain. However,
when I run the trial balance for 03/01 for instance, the trial balance shows
$300 debit / $300 credit with $100 listed as unrealized gains.
What seems to be happening is that the TB calculates the value of the stock
based on the last price entered in the price editor rather than using the last
price prior to the date for which the TB is run. With two entries in the price
editor DB, one for 01/01 and one for 04/01 I would expect the price for 01/01
to be used until 03/31.
Am I doing something wrong? It's possible I'm not understanding precisely how
the TB is coming up with the numbers.
Thank you!
Did you record an income split for the capital gain? You mention the gain but I
don't see the split for it in your example transaction. See
https://www.gnucash.org/docs/v4/C/gnucash-guide/chapter_capgain.html for
details about how to record capital gains/losses and why you should do so.
As for price, the default in the Trial Balance Report is Average Cost (which
isn't really, but the algorithm behind it is tailored specifically for the
Trial Balance Report). That looks at the actual amounts and values in the
splits; the Nearest in Time and Latest Price price sources consult the pricedb
and won't balance, so don't use them.
Regards,
John Ralls
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