With all this talk about stocks, here's a question about reverse splits

[FireFly]

Should really have thought of that earlier, okay thanks John, that worked, had to fiddle the accounts slightly due to the purchase coming out of equity (it was an opening balance) and the sale going back to cash and then being transferred out to equities. Fine for me to track that way simply because this is just my own accounts.

 
- James Duerr


E-mail: FireFlys_98 at yahoo.com
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Discover a lost art - play Marbles. May 2004
www.marillion.com


________________________________
 From: John Ralls <jralls at ceridwen.us>
To: FireFly <fireflys_98 at yahoo.com> 
Cc: "gnucash-user at gnucash.org" <gnucash-user at gnucash.org> 
Sent: Monday, April 23, 2012 8:42 PM
Subject: Re: With all this talk about stocks, here's a question about reverse splits
 

On Apr 23, 2012, at 7:24 PM, FireFly wrote:

> 
> 
> I brought a really bad stock (I was stupid, it taught me a good, if expensive lesson)
> 
> After owning the stock and watching the value plummet, it then did a reverse split for 1000:1 shares, so I went from having 270 shares, to having 0 shares, and no money for it.
> 
> So, my assumption at the time (I actually did this in 2010, but since people are discussing similar items) was that I simply put in a transaction basically removing 270 shares, with no impact to other accounts, this foxed advanced portfolio (shows just $ signs for gain/loss) then later I tried having that with gain/loss parts of a split (moving money from Expenses:Capital Losses From the Stock account (saying I made a loss of my entire amount) but that just seemed to give me a really big commission setting, with the same problem with no gain/losses
> 
> I'm all out of ideas, anyone know if this is anything that I can work around, or is this just the way it is

I guess that's a situation the Advanced Portfolio report author didn't think of. 

You might be able to fake it out by doing a sell of all 270 shares for a penny. Increase the buy transaction by a penny as well so that the cash account stays in balance.

Regards,
John Ralls