Recording dividend reinvestment

Derek Atkins warlord at MIT.EDU
Fri Dec 30 14:59:45 EST 2005

Please CC gnucash-user on all replies so everyone can benefit from your
responses -- I am not the only person trying to help you or answer
your questions, and only when you CC the list can everyone else get

I think I'd have to see a screen shot of what you mean by "a balance
of -14.08".


Quoting Todd Wells <ttop at>:

> It is an Income account.
> On Dec 30, 2005, at 11:20 AM, Derek Atkins wrote:
>> 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>:
>>> 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

       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL:    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available

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