Record a sale of stock
Daniel Hannum
dhannum at magicdan.net
Sat May 31 13:43:01 CDT 2003
I've been using Gnucash for a year now, and I'm impressed. Great job!
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.
I am not sure if I am misunderstanding something. Please set me straight
if that is the case. I believe this is an issue and it has come up
previously on the list. People say "code to do this is being worked on."
Thus, my question is not to bitch and moan "why isn't it done?". What
I'm asking is whether or not it is worth my time to create the accounts
and commodities for my investments and record every tiny purchase at
various prices. My 401k has me buying various funds at slightly
different prices each week, so it's non-trivial to retroactively record
these previous purchases. If it allows me to track the value of my
portfolio, then it's worth it. But since I can't record any sale of
stock, I am concerned that the future code changes to fix that might
deprecate the purchase data. (For example, I might have to enter it all
over again in a different format or something)
thanks for your time and effort it making Gnucash as good as it is
dan
More information about the gnucash-devel
mailing list