Unrealised Losses
Peter
p.hoban at iinet.net.au
Sun Nov 29 18:44:17 EST 2015
Message: 11 Date: Fri, 27 Nov 2015 03:31:59 +0000 From: "Wm..."
[1]<tcnw81 at tarrcity.demon.co.uk> To: [2]gnucash-user at lists.gnucash.org
Subject: Re: Unrealised losses Message-ID:
[1] just to separate out this point in case someone else is
following. It is unclear to me if P is trying to get an existing
Unrealised Loss into a GnuCash book (in which case Equity would seem
the sensible route) or if 2.6.1 has an Unrealised Loss on the
Balance Sheet which has got lost (arf!) in development, in which
case where did it come from as I think in 2.6.9 it would be called
Retained Losses. I'm not sure if we are at version cross-purposes or
not.
Thanks Wm. I have been away for several days - not ignoring the
question, but unable to address it.
I don't think we are at cross-purposes. I started keeping accounts on
a spreadsheet and only went onto GnuCash about 4 years ago. I
continued to keep the spreadsheet but found I had many more errors
there than with the double-entry GnuCash, so I came to use the
spreadsheet to help me conceptualise. I don't know how I managed to
get previous years accounts to reconcile and I don't have time to
explore that now, all I do know is that GnuCash 2.6.1 produces the
following on my balance sheet: (copy & paste)
Liabilities
Liabilities $0.00
Total Liabilities $0.00
Equity
Unrealised gains $0.00
Opening balances $1,534,171.37
Retained Earnings $14,433.67
Unrealized Gains $1,009.14
Total Equity $1,549,614.18
Total Liabilities & Equity $1,549,614.18
My problem is that I have been unable to understand how the Unrealised
Gains figure was derived. I tried entering revaluations manually but
the software wants to treat the entry as a purchase or sale of shares
which it is not.
If I should update my software I would need a source. The version I am
currently using is the latest in the repository.
Thanks for your thoughts. P
References
1. mailto:tcnw81 at tarrcity.demon.co.uk
2. mailto:gnucash-user at lists.gnucash.org
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