Record a sale of stock

[Derek Atkins]

You need to record two transactions in one; one that records the sale,
and one that records the gain/loss.  However it is possible that this
doesn't work very well.

-derek

Daniel Hannum <dhannum at magicdan.net> writes:

> Is there any truly correct way to record a security sale as Gnucash is
> now? It seems that "stock" accounts are essentially useless, and I
> doubt that, given that it is widely used
> 
> Fabien COELHO wrote:
> 
> >>However, it seems to be lacking in one area.  Consider buying and
> >>selling stock. I buy $100 of stock, so I transfer $100 from my bank
> >>account into a stock account that is using a particular commodity (that
> >>I defined). Now suppose that the price of that commodity increases so
> >>that my investment is now worth $200. I can now sell the stock by
> >>transferring $200 out of that stock account back into my bank account.
> >>And just like that, my books are no longer balanced. Gnucash has allowed
> >>me to increase my assets by $100 without recording any income.
> >>
> >
> >This is a long-standing issue raised quite often.
> >
> >My understanding is that
> >
> >(1) The report generation should take care of the accounting of
> >commodities related incomes/losses, but it lacks some information on how
> >to do it, information that should be provided by a "lot" management (a lot
> >is a group of related transactions on a given commodity, you tell that the
> >one you sold are those you bought at this date). I think this is still
> >under developpement.
> >
> >(2) Another way of doing it is to keep separate accounts for the financial
> >value and the count of commodities, but this is not the way the accounting
> >management of gnucash is designed.
> >
> >So the answer is "wait and hope";-)
> >
> >
> 
> 
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-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available