Recording dividend reinvestment

[Derek Brader]

You might also want to check the "Reverse-balance account types" option. 
  It's under main window -> edit -> preferences -> accounts.  Mine is 
set to "Credit Accounts."

~derek


on 12/30/05 1:25 PM, Todd Wells wrote the following:
> 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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