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

[Shane Drower-Copley]

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?

Regards
Shane

On 10/29/13, Derek Atkins <warlord at mit.edu> wrote:
> Hi,
>
> Shane Drower-Copley <bluekable at gmail.com> writes:
>
>> Hi,
>>
>> I have added an opening amount of stock and transferred it to
>> Equity:Opening Balances. When I go to the Opening Balances account
>> however I find that the transaction is recorded using the number of
>> shares rather than the monetary value that they are worth.
>>
>> Also, the only place I find the actual monetary value of the stock I
>> own, is under the accounts tab (if I enable the "Total(ZAR)" option
>> from the drop down arrow that determines what headings will be
>> displayed). I do not find any record of the monetary value in my
>> "Brockerage Account:Stock:Satrix stock" account. In this account, I
>> have 70 shares but the price is 1 so the balance is simply 70. I have
>> however set the price of these stocks with the price editor and it
>> does seem to display the correct monetary value in my "Brokerage
>> Account" and "Brokerage Account:stock" Totals.
>>
>> It seems the values displayed in the various totals of the accounts
>> tab are correct (except for the equity opening balances account) but
>> the values recoded in the actual transaction (The transaction between
>> "Satrix Stock" and "Opening Balances") do not display the correct
>> price and as such do not record the monetary value under balance.
>
> A few things to look at:
>
> 1) Check the account type of the Stock Account, and make sure it's of
>    type Stock or Mutual.  Right-click on the account name and choose
>    Edit Account.
>
> 2) Check the Security of the Stock Account from the same "Edit Account"
>    dialog.  There is a longstanding bug that if you create a
>    Stock/Mutual account through the New Account Hierarchy it doesn't
>    enforce that you assign a proper security.  Most likely you still
>    have the security set at ZAR.  If the price is always being set back
>    to 1 then this is most likely the issue.  To fix this you should
>    create a security and assign it to the account.
>
> 3) You have a bogus PriceDB entry.  This is unlikely if your reports
>    show correct.
>
>> Any help would be appreciated
>> Shane
>
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
>
> -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
>