Unable to add costs of stock purchases
David Ryder
davaweb at bigpond.net.au
Tue Feb 24 16:03:02 EST 2009
On Mon, 2009-02-23 at 19:53 -0800, Charles Day wrote:
> 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).
>
Yes, that is how it is entered.
I have found that after the initial calculation of the total, I can only
get brokerage and GST to enter if I delete the already calculated total.
That way I avoid the Imbalance or even a diminishing total which
happened with other tests. Is there a way round this?
Under Num, gnucash automatically selects Buy.
For Brokerage I can select Fee. Although I can type 'tax' or whatever,
can I add tax or GST to the list that drops down? If not, perhaps users
could have a 'setup' choice in the druid or an editable list to add
categories?
>
>
> David
>
>
> Hope this helps,
> Charles
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