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