Portfolio question - re Options

[David Ryder]

On Tue, 2009-02-24 at 20:37 -0800, Andrew Sackville-West wrote:
> On Wed, Feb 25, 2009 at 01:54:30PM +1100, David Ryder wrote:
> > Hi,
> > 
> > I run a business am looking at the possibility of combining my Portfolio
> > into my gnucash accounts and using just gnucash for Portfilio
> > Management. I have some questions and will start with the first - a
> > trader, yes, but an accountant I certainly am not! 
> >         
> > I trade daily in Options. To me this is Income and I would like to
> > post under Income:Options as Stock entries - can I? They are not assets
> > in my case but I don't want to confuse gnucash. All the documentation I
> > have found says they should be "Assets".
> 
> are you saying that you never hold anything long enough to call it an
> asset?
Yes.

> In that case, I'd just call it income and be done with it. That
> means that the tracking of the options and other securities that you
> use to generate that income would be handled outside of gnucash.
Which is tedious and duplicitous. The tracking has to be done but for
balancing and ease of accounting would be better in gnucash if it were
setup to do this.

>  In
> reality, I don't think gnucash is really set up to efficiently handle
> the volume of transactions that a daily trader would be
> generating. your mileage may vary widely.
I hope one day it is.

> 
> A
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