Adding new shares of stocks

[Derek Atkins]

No, there really is a problem... But only when using the Transfer
Dialog.  There is a bug report on the issue, and I'll try to get to
it when I can (unless someone else gets to it first).

-derek

Jim Stead <jstead1 at twcny.rr.com> writes:

> On Sunday 30 March 2003 11:19 pm, Matt wrote:
> > Hi all,
> >
> > I'm new to GnuCash, so maybe I am missing something fundamental to
> > the system.
> >
> > When I try to add shares of stock, and take the cost out of by
> > brokerage account, I tell it 50 shares , at a price of $10.  this
> > should be a net buy of $500.  But when I enter the transaction, it
> > reveals to me that there where 500 shares at $1 per share.  Is this
> > a flaw in the system, or am I being an idiot?
> >
> > I'm using GnuCash 1.8.2 on a RH 8.0 system with Gnome 2 for a
> > desktop
> >
> > Any thoughts would be great.
> >
> >
> > Matt
> >
> >
> >
> > _______________________________________________
> > gnucash-user mailing list
> > gnucash-user at lists.gnucash.org
> > https://lists.gnucash.org/mailman/listinfo/gnucash-user
> 
> I had a similar problem.  I don't know if this is your problem, but 
> ...
> 
> If I left the commodity for the stock account as USD (US Dollar), when 
> I tried to buy $500 worth of stock XYZ (50 shares, $10 per share), 
> GnuCash wouldn't let me.  It would keep correcting my transaction to 
> 500 each for $1.
> 
> That is because I left the commodity as a Dollars.  GnuCash assumed I 
> wasn't so dumb as to buy a dollar for $10 (Doh!).  After all, the 
> commodity I am buying is dollars, because that is what I left it as.
> 
> I needed to edit the account and add the commodity that I am actually 
> buying (XYZ incorporated, symbol XYZ).  I also set Smallest Fraction 
> to "Use Commodity Value".
> 
> Then, as a bonus, you can update prices using Finance:Quote.
> 
> Everything worked great after that (well, after I got Finance:Quote 
> installed)
> 
> Jim
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> gnucash-user at lists.gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user

-- 
       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