Mutual fund reinvestment option
ajlill at ajlc.waterloo.on.ca
Sun May 24 13:49:57 EDT 2015
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On 05/23/2015 11:41 PM, John Ralls wrote:
>> On May 23, 2015, at 6:18 PM, Divakar R. <divakar07 at dataone.in>
>> How else should the transaction be recorded? As I understand, 600
>> comes in as income and 600 is added to the investment account.
>> Even if I enter a single line transaction in
>> Assets:Investments:Mutual Fund:Fund_A as
>> Transfer:Income:Mutual Fund:Fund_A Shares 18.296: Price 32.7941:
>> Buy 600,
>> the split looks as I have indicated in earlier mail.
>> I seem to be missing something here and am not able to get this
> You need four transactions, which you can do as one or two
> transactions at your pleasure, though if you’re using the Advanced
> Portfolio Report there are some subtleties that I don’t know about
> since I don’t use it.
> The splits, when viewed in Assets:Investments:Mutual Fund:Fund_A,
> which should be of type FUND or STOCK: Shares Price Buy Sell
> Income:Mutual Fund:Fund_A 600 Assets:Brokerage
> Account:Cash 600 Assets:Brokerage Account:Cash 600
> Assets:Investments:Mutual Fund:Fund_A 18.296 32.7941 600
> I usually record these as two transactions, one for the dividend
> and one for the repurchase.
The way I do it, and I'm sure I got these instructions in the gnucash
docs somewhere, is to treat is the same as a stock purchase, except to
use an income account instead of a cash account for the funds.
My splits looks like:
Shares Price Buy Sell
Assets:Investments:Mutual Fund:Fund_A 18.296 32.7941 600
Income:Mutual Fund:Fund_A 600
Trading:EXCHANGE:Fund_A -18.296 32.7941 600
Income goes up and the stock count goes up, so all is good, I hope!
Not sure where the Trading accounts come from, it's something gnucash
Tony Lill, OCT, ajlill at AJLC.Waterloo.ON.CA
President, A. J. Lill Consultants (519) 650 0660
539 Grand Valley Dr., Cambridge, Ont. N3H 2S2 (519) 241 2461
- --------------- http://www.ajlc.waterloo.on.ca/ ----------------
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