Opening balance for investment account

Ian Pilcher pilchman@attbi.com
Mon, 09 Dec 2002 03:51:38 +0600


Matthew Vanecek wrote:
> 
> It sounds like you are trying to create this as a Stock or Mutual Fund
> account.  These don't let you put in an opening balance because they
> track shares, not money.  When I reorganized my accounts and started a
> new file, I discovered the same thing you did.  What I did was open the
> newly created Mutual Fund account and enter the appropriate
> figures--number of shares, price, buy cost (which was the current value
> of what I had in the account).  I used Equity:Opening Balances as the
> transfer account.  This is basically what the Opening Balance entry in
> the New Account dialog does.  It's just an extra step, really.
> 

That was it.  Changing them to bank accounts let me enter the opening
balances.  (I don't really want to muck around with tracking share
prices anyway.)

Thanks!

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Ian Pilcher                                           pilchman@attbi.com
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