Recording dividend reinvestment
brader at ieee.org
Fri Dec 30 18:12:37 EST 2005
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."
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.
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