Question on Investments

[Mike C.]

After you open an account you can go to Actions>View Lots and then scrub
account to show the lots and it will calculate profit/loss based on
FIFO.  Unfortunately , there are some conditions when it calculates the
wrong answer and I haven't figured out what these conditions are.  Worse
yet, there is no indication when it has provided the wrong answer.  Last
year at tax season I used an Excel spreadsheet to figure profit/loss and
in 90% of the cases GnuCash had calculated the correct answer.  I hope
someone can define the conditions or sequence of steps that cause the
wrong answer to be calculated.  I think it is related to scrubbing the
account more than once but that does not seem to be the entire answer.
Mike

On 8/22/2011 12:22 PM, JWatYahooGroups wrote:
> Folks -
>
> I've been quite happy with GnuCash for my personal banking needs, and
> am now investigating it's use for my stock and mutual fund
> investments. I've read through the guide several times, and played
> with test data some, but don't see an answer to a couple of questions
> I have:
>
> Question 1:
> I do not buy or sell stock or fund shares very often, but when I do, I
> often "buy more" or "sell some" of what I already have, so I'd like to
> keep track of each "lot" purchased and its price so that when sold the
> capital gains tax can be calculated.  For occasional transactions, I
> suppose I can keep separate stock accounts for each purchase (100
> shares in "IBM-2010, and 100 shares in "IBM-2011" ).  But is there a
> better way using just one "IBM" stock account?
>
> Question 2:
> What about mutual fund reinvestments?  Here, there is a small but
> separate purchase (at a different price) of a fund's shares each
> month. I have several such funds, for several years history ...
> separate accounts for each lot surely will not be convenient!
>
> Perhaps I'm missing something on how (or if) GnuCash can keep track of
> separate purchase dates/prices for a single commodity?
>
> Thanks in advance,
>
> Jim W
>
>
>
>
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