Trouble with stocks from DRIP accounts

[vze52cpn at incoming.verizon.net]

Hey Derek,

Locale should be whatever the default is - US/English.  Currency should
also be US.  The actual stock account is set to the NYSE stock symbol.  I
hope that answers your question.  I'm not at the actual computer right now
to take a closer look.

Also, I took a few screen shots so you can see the actual problem.

http://mysite.verizon.net/vze4phzq/images/drip1.jpg - Before stock purchase.

http://mysite.verizon.net/vze4phzq/images/drip2.jpg - After stock purchase.

I enter the transaction in the actual WTR stock account.  The source of
funds comes from Investments:D.R.I.P.S:Aqua America.

Thanks for your time.

-Dave

Original Message:
-----------------
From: Derek Atkins warlord at MIT.EDU
Date: Wed, 28 Apr 2004 09:36:14 -0400
To: dw.anderson at verizon.net, gnucash-user at lists.gnucash.org
Subject: Re: Trouble with stocks from DRIP accounts


Ok...  Next set of questions:

What is your locale ($LANG)?
What is the currency of the DRIP account?
Which account did you use to enter the actual stock transfer?

-derek

David Anderson <dw.anderson at verizon.net> writes:

> In the account tree.
>
> On Tue, 2004-04-27 at 21:36, Derek Atkins wrote:
>> I don't understand..  What do you mean by "it loses it value"?  Where
>> does it "lose its value"?  In the account tree?  in the register?  In
>> some report?
>> 
>> FWIW, your accounting process is correct.
>> 
>> -derek
>> 
>> David Anderson <dw.anderson at verizon.net> writes:
>> 
>> > Hey guys.
>> >
>> > I'm running GNUCash 1.8.7.  I'm trying to get some of my DRIP accounts
>> > setup in here and I'm having some trouble.  Let me just give one
>> > example.
>> >
>> > I have DRIPs (Divident Reinvestment Program) with a few companies.  At
>> > the beginning of every month, $60.00 is transferred out of one of my
>> > saving accounts and into a 'holding account' at the particular
company. 
>> > At a set date they purchase the shares for me.  
>> >
>> > I transfer $60.00 out of savings and into Investments:D.R.I.P.S.:Aqua
>> > America (Asset).  I consider that a holding account.  When I get my
>> > statement each month, I enter the stock purchase, which would be into
>> > Investments:D.R.I.P.S.:Aqua America:WTR (Stock).  When I do this, the
>> > top-level of investments loses its dollar amount (just shows a $ with
>> > nothing else).  The Aqua America account loses its value as well (just
a
>> > $).  WTR underneat Aqua America does show the proper number of shares. 
>> > I just don't understand what is happeneing.
>> >
>> > To give a few more details.  Investments is setup as an Asset. 
>> > D.R.I.P.S. is setup as an Asset.  Aqua America is setup as an Asset. 
>> > WTR is setup as Stock.
>> >
>> > Any thoughts?  Thanks.
>> >
>> > -Dave Anderson
>> >
>> > _______________________________________________
>> > gnucash-user mailing list
>> > gnucash-user at 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

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