> On May 15, 2022, at 8:15 AM, Andrea Borgia <and...@borgia.bo.it> wrote:
>
> Since the end goal is to derive unrealized P&L and then include those in the
> economic result for the year, I thought I could record a fake sale, after all
> at book opening the next year I do a fake purchase (with same price, just one
> day apart). If this makes sense, how do I compute the P&L given the new
> price? Must I do that manually with a split or is there some kind of
> assistance by GnuCash?
That's called marking to market and it's not directly supported by GnuCash.
You'll have to manually "sell" your assets at the FMV on the last day of the
old accounting period and buy them at that same FMV on the first day of the new
period. You'll compute cap gains on the sale as usual but you'll maintain
separate realized and unrealized cap gain income accounts. When you finally
sell the asset for real you'll create a pair of splits that transfers all of
the unrealized capital gains for those shares to the realized cap gains
account. That won't be too hard as long as you buy and sell whole positions all
at once--e.g. you bought 100 shares of AAPL and sold them all at once later
without ever buying or selling in between. If that's not how you invest then
you'll have to either invent a way of keeping track of each purchase lot or an
average-cost model. For a discussion of the latter see
https://bugs.gnucash.org/show_bug.cgi?id=797796
<https://bugs.gnucash.org/show_bug.cgi?id=797796>.
The Balance Sheet report automatically computes an Equity:Unrealized Gains line
item if you use the "price nearest to report date" price source option. You can
compute that as an income value by comparing it to the same line item for the
previous period.
Regards,
John Ralls
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