Help selling mutual fund

[Charles Day]

Unfortunately where investments are concerned, the register only works in
the currency that the investment is priced in. In other words, if you can't
sell something priced in GBP and deposit the proceeds into a EUR account. It
will use a GBP/EUR exchange rate of zero, which is obviously wrong, and it
won't let you specify a different rate. It's a bug, or at least a limitation
of the current design.
What I would do is record the sale in GBP, put the GBP proceeds into some
GBP account (for example, Assets:Broker:GBP Cash), then transfer from the
GBP account to the EUR account using the correct GBP/EUR exchange rate.

It's stupid and ugly, but that's the situation as I understand it.

And just in case... What is the name of the account that is the parent of
the mutual fund, and what is that account's currency?

-Charles


On Thu, Apr 9, 2009 at 7:38 AM, Simon West <s.d.c.west at googlemail.com>wrote:

> Just to clarify, the mutual fund is of course not itself in GBP - it has
> its own units. What I meant was that the balance in it was originally
> purchased using money transferred from a GBP account, and I want to transfer
> the proceeds from the sale back into the GBP account, since that is were it
> is in real life.
>
>
> 2009/4/9 Simon West <s.d.c.west at googlemail.com>
>
> Yes I do, I should have mentioned that before. My base currency is EUR, but
>> the mutual fund is in GBP. I used a GBP denominated bank account for the
>> original mutual fund purchase, and I am trying to put the proceeds of the
>> sale back into that account. Is this problematic?
>>
>>
>> 2009/4/9 Charles Day <cedayiv at gmail.com>
>>
>> On Wed, Apr 8, 2009 at 4:45 PM, Simon West <s.d.c.west at googlemail.com>wrote:
>>>
>>>> Hello,
>>>>
>>>> I'm having difficulty recording a mutual fund sale in Gnucash 2.2.9. I
>>>> was able to follow the instructions in Section 8.7 of the online manual (
>>>> http://svn.gnucash.org/docs/guide/invest-sell1.html). When I look in
>>>> the Assets:Bank ledger, I find a line with "--Split Transaction--" as the
>>>> description, but no money actually transferred, i.e. the balance is
>>>> unchanged. Same thing for the Income:Capital Gains account. So although all
>>>> the transfers look correct in the mutual fund account, the proceeds from the
>>>> sale seem to vanish into thin air.
>>>>
>>>> I must be doing something wrong but am having trouble working out what;
>>>> any advice would be greatly appreciated.
>>>>
>>>
>>> Do you use multiple currencies?
>>>
>>>
>>>>
>>>> Thanks,
>>>> -Simon West
>>>>
>>>
>>> -Charles
>>>
>>
>>
>