Opening balance for investment account
Ian Pilcher
pilchman@attbi.com
Mon, 09 Dec 2002 03:51:38 +0600
Matthew Vanecek wrote:
>
> It sounds like you are trying to create this as a Stock or Mutual Fund
> account. These don't let you put in an opening balance because they
> track shares, not money. When I reorganized my accounts and started a
> new file, I discovered the same thing you did. What I did was open the
> newly created Mutual Fund account and enter the appropriate
> figures--number of shares, price, buy cost (which was the current value
> of what I had in the account). I used Equity:Opening Balances as the
> transfer account. This is basically what the Opening Balance entry in
> the New Account dialog does. It's just an extra step, really.
>
That was it. Changing them to bank accounts let me enter the opening
balances. (I don't really want to muck around with tracking share
prices anyway.)
Thanks!
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Ian Pilcher pilchman@attbi.com
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