Unbalanced balance sheet

Derek Atkins warlord at MIT.EDU
Mon Jan 17 16:34:43 EST 2005


No, a stock split shouldn't do it.  However if you've bought and then
sold a stock it will cause an imbalance unless you manually account
for the gain/loss.

-derek

Derrick Ashby <daeroncs at fastmail.fm> writes:

> Derek,
>
> I was suspecting that the problem had something to do with the share
> portfolio.  I think the problem may have to do with a "stock split" I
> entered - actually a 10 to 1 consolidation.  This involved the number
> of issued shares being reduced by 90%, which effectively revalued the
> shares by a factor of 10.  I followed the instructions provided, but
> given what you say,   do I have to do something else to get the
> balance sheet to balance? I might say that I experimentaly removed all
> the share portfolio transactions from the file, but the balance sheet
> still did not balance.  Are there hidden transactions involved that
> can't be undone?
>
> Derrick
>
>>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
>>
>>
>>
>
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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


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