Implementing proper cost basis tracking for shares
Thu, 19 Oct 2000 11:41:21 +1000
Sorry for being obscure.
I had thought you meant a new account for each parcel.
> -----Original Message-----
> From: Robert Graham Merkel [mailto:firstname.lastname@example.org]
> Sent: Thursday, October 19, 2000 11:16 AM
> To: email@example.com
> Cc: firstname.lastname@example.org
> Subject: RE: Implementing proper cost basis tracking for shares
> Phillip Shelton writes:
> > Are you looking at a new account for each parcel of shares?
> Sorry, I'm not quite following your comment.
> For my "alternative" solution to the "share related expense/income",
> each "share account" (each individual stock, not each parcel), you
> would need at least two accounts (one for income, one for expenses).
> If that's not what you're talking about, could you please explain
> for me - preferably with an example.
> I apologise if I'm a little slow today :)
> > > -----Original Message-----
> > > From: email@example.com
> > > [mailto:firstname.lastname@example.org]On Behalf
> Of Robert
> > > Graham Merkel
> > > Sent: Thursday, October 19, 2000 10:35 AM
> > > To: email@example.com
> > > Subject: Implementing proper cost basis tracking for shares
> > >
> > >
> > > The next question is "how do we track income and
> expenses related to
> > > a particular share account?", such as dividend payments,
> > > fees and the like. My initial suggestion is for
> > > each share account to contain a "accounts containing
> > > transactions related to this account" list, and each transaction
> > > related to a share account should have a "Hi, I'm a
> <share account
> > > foo> transaction". The other alternative is to insist
> that dedicated
> > > account(s) be set up so that every expense and all income
> > > related to trading a particular stock should be placed in those
> > > accounts.
> > >