Equity:Opening Balances displays number of stocks rather than monetary value

[Shane Drower-Copley]

Thanks Derek.

Problem solved.

Shane

On 11/1/13, Derek Atkins <warlord at mit.edu> wrote:
> Hi,
>
> Shane Drower-Copley <bluekable at gmail.com> writes:
>
>> Hi Derek,
>>
>> I have checked the account type - stock and the security - STX40 (the
>> one I originally created with it's own price). So I don't think either
>> of those were the problem.
>>
>> I found a work around. What I did was simply change the price of the
>> stock in the transaction line - fortunately the price stuck, however
>> each new transaction will require me to do the same thing. Is that
>> normal, or should the transaction line pick up the price from the
>> security that the account has?
>
> Oh, you didn't enter in the price?!?  Well, then, that's your issue!
> Yes, you need to manually enter in the price.  GnuCash cannot know
> exactly what price you paid for a commodity.  Even when you get the
> price quote, that might not be exactly what *you* paid.  So yes, you
> need to enter in the price (or # shares) each time.  Specifically, you
> should enter 2 of the 3 fields: #shares, price, and total value.
> GnuCash can (and will) compute the third.  I recommend #shares and total
> value.
>
>> Regards
>> Shane
>
> -derek
>
> --
>        Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>        Member, MIT Student Information Processing Board  (SIPB)
>        URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>        warlord at MIT.EDU                        PGP key available
>