Resend: Stock sale skews balance sheet by commission amount
alanlange at verizon.net
Thu Oct 12 23:03:02 EDT 2006
> Original post:
> I'm not sure exactly what my mistake here is, but if someone can
> point it out it would be very helpful.
> After this stock sale transaction, my balance sheet is off by $34
> (I'm sure it's not coincidental that's the commission amount), but
> the transaction itself balances, so I don't know what I'm doing wrong.
> Expense:Investment:Commission buy 34.00
> Assets:Investments:brokerage buy 3269.68
> Expense:Capital Loss buy 713.32
> Assets:Investments:brokerage:fund -580.612 shares @ 5.69 sell 3303.68
> Assets:Investments:brokerage:fund sell 713.32
Since you don't include your purchase transaction, it isn't clear that
you haven't simply miscalculed your capital loss by double counting the
commission. You have to decide whether the commission is an expense, or
part of you loss. Be careful not to double count it.
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