Unable to add costs of stock purchases

[Charles Day]

On Mon, Feb 23, 2009 at 4:32 PM, David Ryder <davaweb at bigpond.net.au> wrote:

> Hi,
> A. I have read the pdf file and a lot of things on google but I just
> can't get this to work - this is purely an example:
> (Australian stock Exchange)
> 1. Create a Stock account for RIO - OK
> 2. BUY RIO 1000 @ $50.00 using Equity account - automatically calculates
> $50,000 - OK
> 3. Brokerage - 375.00   posted to Expsenses:Brokerage - causes Imbalance
> 4. GST - 37.50  posted to Expenses:GST - causes larger Imbalance.
>
> These are just trying to enter stock before I start using gnucash for
> daily transactions but every buy and sell needs to have brokerage and
> GST.
>

You have listed the three outlays: cost of stock, brokerage expense, and
GST, but where's the balancing split of $50412.50 to the equity account?


> I would like to ask two other questions concerning stocks in separate
> posts - I hope the list will not mind. As a trader it is important to me
> that I choose the right tools for my stock and options records.
>
> Many thanks,
> David
>

-Charles