Unrealized Gains and Stocks

[Derek Atkins]

Gregory Novak <novak at ucolick.org> writes:

> Making a year-end transfer from each income/expense account to
> "Starting Balances" _almost_ archives what I want, but there's a small
> residual difference between "Starting Balances + Income - Expenses"
> and "Assets - Liabilities."   That difference comes (for me) from
> capital gains due to price changes on stocks that I hold but didn't
> sell.  I would like to book a "tentative" amount of income for the
> year due to stock price changes for 2005.
>
> Is there a way to do this, or will I break things trying?

You only need to "zero out" your Income and Expense accounts.
Create a zeroing transaction as of the end of your fiscal year
between each Income/Expense account and e.g. Equity:Retained Earnings:2005
Then your Equity account will show you your current total Equity
as of the end of the fiscal year.

> Thanks,
> Greg

-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
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