Entering Preexisting Shares

[Michael McKay]

The accounting rules require assets to be listed at their book value which
is the purchase price.  The current market value of an asset is unrealized
until you sell it.  If you include the market value of assets in your
balance sheet by using the current price rather than cost, you will also
need to include the unrealized gain/loss in the equity in order to balance
the assets and liabilities.  The balance sheet options have a check box for
this.

Yours,

Michael McKay
MJM Consulting
613.724.8169


-----Original Message-----
From: gnucash-user-bounces at gnucash.org
[mailto:gnucash-user-bounces at gnucash.org] On Behalf Of --- ---
Sent: May-08-09 2:19 PM
To: gnucash-user at gnucash.org
Subject: Entering Preexisting Shares


I have a question concerning the entering of pre-existing shares covered in
8.5.1 of the documentation.  Since stocks are very liquid I think it makes
sense to have have the current stock value reflect on ones total and current
equity.  Instead of specifying the purchase price under equity... I would
like to show the current worth.  My investment value currently updates
whenever I get quotes in the price editor, but the equity column remains
unchanged.  Am I thinking about this wrong... or is this a limitation of
GNUCash?

Thanks.

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