I recently moved some mutual funds from one brokerage to another. The
process did not involve a sale, it was just a transfer of control from
the old to the new.
In my current books I keep mutual funds listed as subaccount under each
brokerage as such with their respective security/currency:
Investments
-Brokerage 1 (currency)
--Fund A (security A)
--Fund B (security B)
-Brokerage 2 (currency)
--Fund A (security A)
--Fund C (security C)
--Fund D (security D)
I wanted to expand this to add the new brokerage and then perform a
transfer of the funds from one to the other. Let's assume I moved the
funds under Brokerage 1 to Brokerage 3. So the tree would look like the
simplified version below (leaving out Brokerage 2 as it is unaffected):
Investments
-Brokerage 1 (currency)
--Fund A (security A)
--Fund B (security B)
-Brokerage 3 (currency)
--Fund A (security A)
--Fund B (security B)
The securities are the same because it's the same original mutual funds,
just moved to another brokerage. The tree would be left intact with the
funds under Brokerage 1 being zeroed out and the funds under Brokerage 3
starting off with the incoming values.
My natural tendency was to create a transfer directly within Brokerage 1
Fund A that moved all the shares over to Brokerage 3 Fund A but that
didn't create the transaction I expected.
By example, I transferred Fund A on July 1 which contained 10 shares at
the price of the shares on that day. So in Brokerage 1 I entered -10
shares with a total sell price of X as listed on the statement from
Brokerage 1. The price is autocalculated and the balance correctly goes
to zero.
Looking inside the Brokerage 3 Fund A account I only see a transaction
that has an amount in the buy column but no shares and a balance of
zero. I can manually enter the same number of shares in that partially
empty transaction but why was my thought about the transfer incorrect?
Should it have not transferred those shares over as well?
_______________________________________________
gnucash-user mailing list
gnucash-user@gnucash.org
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
