Investments

[Dennis Powless]

Ok, this is what I have.

Assets:Investments:WealthRUs:WealthRUs 403(b) Cash
Assets:Investments:WealthRUs:WealthRUs 403(b) Fund

Assets:Banking:Checking Account


In the Assets:Banking:Checking Account  I have an entry that looks like this:



                tot Dep        tot Withd
Assets:Checking Account
  1,000.00
Assets:Investments:WealthRUs:WealthRUs 403(b) Cash        125.00
Income:Net Salary
                         1,125.00


In the Assets:Investments:WealthRUs:WealthRUs 403(b) Cash   I have an
entry that looks like this:

                   Tot Inceas    Tot dec
Assets:Checking Account
     1,000.00
Assets:Investments:WealthRUs:WealthRUs 403(b) Cash          125.00
Income:Net Salary
                          1,125.00

Then......
In the Assets:Investments:WealthRUs:WealthRUs 403(b) Cash   I have an
entry that looks like this:

                   Tot Inceas    Tot dec
Assets:Investments:WealthRUs:WealthRUs 403(b) Fund               125.00
Assets:Investments:WealthRUs:WealthRUs 403(b) Cash
         125.00

Then in the actual Assets:Investments:WealthRUs:WealthRUs 403(b) Fund


                 shares        price       buy          sell
Assets:Investments:WealthRUs:WealthRUs 403(b) Fund          10.15
  1.25     125.00
Assets:Investments:WealthRUs:WealthRUs 403(b) Cash
                              125.00

(the shares and price are not correct, used as an example)


I tried to place income accounts in the fund and it did not work correctly
    1.  I placed the Income:Net salary account in the bottom of the
Assets:Investments:WealthRUs:WealthRUs 403(b) Fund account and the
income account grew larger.
    2.  If I place the Income:Net Salary account on the top line it
won't work correctly.

I tried doing a split directly from the bank account along with the
paycheck (it wanted to convert the USD to fund shares, and that didn't
work)
I tried using all the buttons such as buy, div, int, etc... nothing
made a difference.

I figured out the dividends, they are reinvested in the fund account.
But the matching transaction moves the money to the Income:dividends
income account.  (Which grows...)


I'm working on this, but I don't understand how the mutual fund
account register works.  What do all the columns and lines mean?  I
understand about shares and buy/sell etc..  Why is it always a say
sell at the last section, when I am buying shares or is this the
matching double entry?   The guide mentions buying shares from a
checking account, but the images are not correct and it doesn't
explain it very well.

I think once I get this figured out it I would like to work on some
documentation for the help areas to make some of this more clear.



Thanks,

Dennis








On Mon, Nov 22, 2010 at 3:10 PM, John Ralls
<jralls at ceridwen.fremont.ca.us> wrote:
>
> On Nov 22, 2010, at 11:51 AM, J. Alex Aycinena wrote:
>
>> Sorry John, but you got your debits and credits backwards - see below:
>>
>
> Darn. Thanks for the corrections.
>
> Regards,
> John Ralls
>
>
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