Chapter 8 - investment accounts

[Chris Good]

Hi James,

If I understand you correctly, that you want to do all your gain or loss transactions at year end...

I suggest you do all your stock capital gain and loss transactions when they occur rather than at year end.

After each time you enter a stock sale transaction which takes the no of shares of a particular stock to zero, you should check the Trial Balance report still balances. If not, your gain or loss, or a sale expense, is probably incorrect.

If you do all your gain or loss transactions on the same date, it will be difficult to tell which transaction has caused the Trial Balance to go out of balance. I suppose you could alter the date of each sale transaction so that it is on a date with no other transactions, then do Trial Balances as at before and on that date to find out which transactions are wrong.

Regards,

Chris Good
> 
>> On 4/27/2014 9:47 AM, Jamestk wrote:
>> Thanks David, interesting points you make.
>> 
>> It really looks like an after thought which has been tacked on rather than
>> being designed in from the outset. 
>> 
>> There's too many loose ends for it to be a design feature which is why it's
>> so confusing to administer. Exporting to a spreadsheet at the end of your
>> tax year would be a lot quicker where you could calculate the gains and then
>> deduct expenses. This is not too different to what you would have to do
>> anyway, the capital gain/loss is entered as a gross figure which still
>> requires expenses to be deducted.
>> 
>> Is there anyway to delete these splits easily or is it a case of going to
>> each transactions manually?
>> 
>> Cheers,
>> 
>> David
>> 
>>