Handling Investment Switch

venkatadri kr venkatadri_kr at yahoo.com
Wed Nov 11 12:55:31 EST 2015


Thanks John for your quick response. I tried this, but it is doing the following
a) the units of the mutual fund are taken in properlyb)  it is not picking up the value of the scrip (even though it is added in the price editor)
c) It is adding another two rows of trading : Fund : Scrip a and b  and balancing the unitsd) It is taking one entry in the trading : Currency and corresponding showing an imabalance. This value is the difference between the number of units between the two scrips
regards
venkatadri 


     On Wednesday, November 11, 2015 8:41 PM, John Ralls <jralls at ceridwen.us> wrote:
   

 
> On Nov 11, 2015, at 6:30 AM, venkatadri kr <venkatadri_kr at yahoo.com> wrote:
> 
> Dear all
> I have been using Gnucash for over 4 years. i recently started using the stocks/mutual funds option. I have a query
> The fund that i invested in with x units and y rate has switched to another fund with a units and b rate. There is no sale transaction and hence no tax.
> How does one handle this in Gnucash ? thanks in advance

The formal way is to create the new security and an account for it and just transfer between the accounts. The best way to do this is in split view. Supposing you have fund FFOOX being merged into FBARX at a rate of .9433 shares of FBARX for every share of FFOOX, and you had 1000 shares of FFOOX. In the FFOOX account in split view, create a transaction that looks like:

11/11/2015    Merge FFOOX into FBARX
                                        Assets:Funds:FFOOX      -1000.00
                                        Assets:Funds:FBARX        943.30

Note that the price and debit/credit fields are blank!

The informal way is to just change the account and the number of shares in your buy transaction, pretending that you had FBARX all along.

Regards,
John Ralls
 

  


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