More Questions on New Quicken Import
cedayiv at gmail.com
Sun Sep 7 15:01:22 EDT 2008
On Sun, Sep 7, 2008 at 11:12 AM, Tom Browder <tom.browder at gmail.com> wrote:
> On Sun, Sep 7, 2008 at 12:25 PM, Charles Day <cedayiv at gmail.com> wrote:
> > A little off-topic, but just wanted to warn you that if you imported any
> > sales of stock or other quicken securities, you will be missing capital
> > gains splits in the sell transactions. None of the importers compute
> > gains on security sales (or foreign exchange, for that matter.) With as
> > much data as you imported, I would strongly suggest that you make sure
> > 'trial balance' report (Reports->Income & Expense->Trial Balance)
> > balances before entering getting too far down the road.
> Thanks, Charles, for the heads up. I think any hints about improving
> the Quicken => gnucash experience is pertinent here (and may be useful
> in that area of the user's manual).
> My Quicken data is so hosed now after a munged update with OFX that
> I'm going to have to spend the rest of my life straightening it out.
> Hopefully I can finish before they haul me out.
Just be aware that imported security sales not only fail to include capital
gains splits, but can put your books out of balance. Since you are unlikely
to have a great number of security sales transactions, I encourage you to
fix those now so that your portfolio will not include any problems
specifically due to the GnuCash importing process.
> The beauty of gnucash is that I can at least get to the raw data and
> have the possibility of some script manipulation.
More information about the gnucash-user