Unbalanced balance sheet

[Derek Atkins]

You need to add 'balancing splits' to handle the cap-gains.  This will
be done automatically in a future version of gnucash, but version 1.8
wont do it correctly.

-derek

"Boyd Kelly \(Coast Systems\)" <bkelly at coastone.ca> writes:

> What to you have to do then when you sell a commodity other than your
> report-currency in order to make things balance properly?
>
> Thanks!
>
> bk 
>
> -----Original Message-----
> From: gnucash-user-bounces at gnucash.org
> [mailto:gnucash-user-bounces at gnucash.org] On Behalf Of Derek Atkins
> Sent: January 16, 2005 7:35 AM
> To: Mark Eackloff
> Cc: Derrick Ashby; gnucash-user at gnucash.org
> Subject: Re: Unbalanced balance sheet
>
> 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
>
> -- 
>        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
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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