Unable to add costs of stock purchases

[Charles Day]

On Mon, Feb 23, 2009 at 5:27 PM, David Ryder <davaweb at bigpond.net.au> wrote:

> On Mon, 2009-02-23 at 16:44 -0800, Charles Day wrote:
> > 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?
> ...
> >
> >
> > -Charles
> If I understand correctly, I have entered those in Transaction journal
> view.
> I can not enter the overall total of $50412.50 which is what I
> originally tried to do - gnucash keeps automatically calculating just
> $50,000 with a box saying 'Recalculate Price/Recalculate shares'.
> Nor does it sum the amounts I entered - it just posts brokerage and GST
> to Imbalance.
>

You are entering this transaction in the register of a stock account,
correct? There should be four splits: one to add 1000 shares @ $50 (1000 in
shares column and $50,000 in buy column), one for the brokerage expense
($375 in buy column), one for GST ($37.50 in buy column), and one to
transfer the total amount from whatever account you are using to pay for the
trade ($50,412.50 in the "sell" column).


> I apologise if I have misunderstood what you are asking.
> David
>

Hope this helps,
Charles