Commission split buying stocks?

Derek Atkins warlord at MIT.EDU
Tue Nov 2 10:10:54 EST 2004


Hi,

Please be sure to CC gnucash-user on all replies...

EarlHawgwallop at netscape.net writes:

> Thanks. What happens is GNUCash substracts the cost of the
> commmission from the trade. The account is an asset-brokerage-stock
> account. I'm trying to record the split such that the commission is
> subtracted from asset-brokerage-cash, and added to
> expense-commissions. U.S. locale, USD currency.
>
> This could (likely) be my error. Any examples or hints would be most
> appreciated. Thanks again.

It's a three-split transactions.  Let's say you sell 10 shares for $10
each and then pay a $19.95 commission.  This would imply:

     Stock    10  10       100
     Bank                       80.05
     Commission                 19.95

-derek

-- 
       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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