Unbalanced balance sheet
Mark Eackloff
meackloff at cox.net
Fri Feb 4 01:55:13 EST 2005
Derek Atkins wrote:
> Mark Eackloff <meackloff at cox.net> writes:
>
>
>>This happened to me recently. I determined that it was caused by an
>>unbalanced entry. Yes, that's right. Apparently it is possible to
>>enter only one side of a transaction. I'm not sure if that's a
>>"feature" or a bug.
>
>
> The only way I know of to enter unbalanced transactions is via the OFX
> Import process. I (still) consider that a bug, but it has not (yet)
> been fixed. :(
>
> However, that's not the only way to cause a balance-sheet imbalance.
> Another way is not accounting for capital gains/losses when you sell a
> commodity other than your report-currency. Gnucash 1.8 does not
> properly account for the change-in-value of commodities, which means
> your balance sheet will be out of balance.
>
> -derek
>
Gnucash 1.8 seemed to have unbalanced my balance sheet today by adding a
gain from the sale of stock to the remaining unsold shares. This
occurred when I used the recording method indicated in the tutorial
under "Selling Stock." Just to see what would happen, I reversed the
lines that recorded the gain. In other words. I put the $122 gain in
the sell column, and the $122 increase in the stock's value in the buy
column. I then reloaded the Balance Sheet report but nothing changed.
Truly bewildered, I recovered by deleting the entry, then recording the
sale as though I got what I paid for it (same price per share). Then I
made another entry to adjust the money received and record the gain. My
Balance sheet now balances, but the entry in the stock register still
erroneously shows that I sold the stock for what I paid. Is this a
known bug? I couldn't find it in bugzilla.
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