Unexplained Unrealized Losses on Balance Sheet Report

Jay Ridgley jridgley2 at austin.rr.com
Sat Jan 1 21:51:31 EST 2011

Jay Ridgley wrote:
> Folks,
> GnuCash Version 2.2.4 with Ubuntu 08.04 LTS
> On the balance sheet report I generated for the year just ended, in the 
> Equity section is a line Unrealized Losses that follows the Retained 
> Earnings figure (that is the difference between income & expenses). All 
> my records show that there should be Unrealized GAINS not loses... How 
> do I find out what is causing this to happen and correct it?
> I have looked through my accounts and find nothing obvious. I am not an 
> accountant just a user.
> Thanks and Happy New Year,
> Jay
I seem to have discovered my own problem...

I had moved some mutual funds between one and another. As far as I can tell 
there needs to be two separate transactions one for the sale and another for the 
purchase. so in a diagram this is what I was doing:

fund A fund B 100 23.50 2350.00

and it should be done this way:

fund A cash -100 23.50 2350.00
cash fund B 100 23.50 2350.00

That cleared up the problem, at least I think it did because the large 
unrealized loss went away.



Jay Ridgley
jridgley2 at austin.rr.com
Registered Linux User ID - 9115
Registered Ubuntu User ID - 23320

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