Recording dividend reinvestment

[Derek Atkins]

What type of account is Income:Dividend:Non-taxable?  When you edit the 
account
(click the Edit button when the account is selected in the account tree),
what is selected in the Type selector?

-derek

Quoting Todd Wells <ttop at mac.com>:

> I have mutual funds that pay dividends.  I'm a GnuCash newbie, and I  
> read the relevant section in the user guide, but I'm not sure that  
> I've recorded my dividend correctly.
>
> In this case it was a dividend of $14.08, reinvested in .439 shares,  
> priced at $32.07.
>
> The guide said to record it in the mutual fund account as income from 
>  an Income:Dividend account.
>
> So in the register for the fund, I record a Transfer from  
> Income:Dividend:Non-taxable, .439 shares, 32.07 price.  The  
> transaction shows it increasing my share balance by .439.  So far, so 
>  good, I think.
>
> The strange-looking part to me is if I jump to the  
> Income:Dividend:Non-taxable account, it shows Income of 14.08, for a  
> balance of -14.08.  Is this correct? The negative balance is what has 
>  me thrown off -- I'm not an accountant, so I don't know if this is  
> what I should expect?  A negative income balance seems odd to me.  I  
> just want to make sure I'm getting off on the right foot here.
>
> Thanks,
>
> -Todd
>
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-- 
       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