Help with Stock Purchase transaction
Bill Farmilo
billf at semiconductor.com
Fri Aug 24 15:04:26 EDT 2007
I'm having trouble with entering a stock purchase. I can follow the concepts guide, and everything looks good from the Stock account perspective, but the cash account used to buy the shares does not debit as I would expect. Example Below:
Here is the view of the split lines in the Stock Account (call it SII)
Date Num Description Shares Tot Buy Tot Sell Balance
Buy Assets:...:Brokerage Account:SII 1000 0.25 250.00
Assets:...:Checking Account 250.00
But in the Checking Account, it doesn't debit the $250.00. It looks like this:
Date Num Description Tot Decrease Tot Increase Balance
Buy Assets:...:Brokerage Account:SII
Assets:...:Checking Account
I would have expected my Checking Account balance to decrease by $250.00, but instead the balance is unchanged despite this transaction.
Please help - is this a bug or just my inability to understand a key concept ?
Bill
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