Oh is it? That's is nice. I will do that.
Thanks John for your help Paras With regards Paras ________________________________ From: John Ralls <jra...@ceridwen.us> Sent: Wednesday, January 17, 2024 2:27:30 AM To: Paras Desai <desaipa...@outlook.com> Cc: GnuCash User List <gnucash-user@gnucash.org> Subject: Re: [GNC] Posting of Dividend through Stock Assist Paras, Just include a blank split (no entries in shares, price, buy, or sell) to the mutual fund account and the APR will pick it up. Regards, John Ralls > On Jan 16, 2024, at 9:24 AM, Paras Desai <desaipa...@outlook.com> wrote: > > Thanks John for your prompt feedback. > > Yes, I am posting it manually. Only down side is that i can not assign this > income to that specific Mutual fund account and hence it does not reflects in > Advance Portfolio Report, I guess. > > Of course, this is not the big deal. > > With my regards > > Paras. > > With regards > Paras > From: john <jra...@ceridwen.us> > Sent: Tuesday, January 16, 2024 10:35:30 PM > To: Paras Desai <desaipa...@outlook.com> > Cc: GnuCash User List <gnucash-user@gnucash.org> > Subject: Re: [GNC] Posting of Dividend through Stock Assist > > > > > On Jan 16, 2024, at 05:41, Paras Desai <desaipa...@outlook.com> wrote: > > > > Hello, > > > > Greetings! > > > > I was trying to post the Dividend income from a Mutual Fund through Stock > > Assist. But I encountered an issue. I am narrating my issue as below. > > > > When I receive the dividend, 10 % of TCS (Tax Collected at Source) is > > deducted and deposited to the Tax authority on my behalf and the remaining > > amount is paid to me. Such Tax deducted and deposited to Tax authority is > > My Tax credit and in my books of account it should reflect as Assets (Tax > > Credit) > > > > So my posting should look like this > > > > Dividend : Rs 1000 Cr (Income Account : Income from Dividend) > > > > Cash : Rs 900 Dr (Asset Account : My Bank) > > > > Tax deducted : Rs100 Dr (Asset Account : Tax Credit) > > > > There is no expense involved in the transaction. > > > > Now, when I try to post this transaction through Stock Assist, It offers me > > two options > > > > 1. Either I show the difference between the Dividend and Cash (which is Tax > > deducted) as expense, or I capitalize. There is no option to post the > > difference as tax credit in Assets account. > > > > AS a result, I need to post the transaction, with manual split, but in that > > case, I'm afraid I can not show return in form of dividend income for the > > Mutual Fund Account in portfolio report. > > > > Has anyone come across such a typical situation ? > > That's not a scenario that's coded into the stock assistant so you'll have to > enter it manually. Since dividend payments are presumably periodic it sounds > like a good candidate for a scheduled transaction. > > Regards, > John Ralls > _______________________________________________ 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.
