Unit Trusts assistance development

D sunfish62 at yahoo.com
Tue Sep 12 14:08:21 EDT 2017


Hylton,


On September 12, 2017, at 9:54 PM, "Hylton Conacher (ZR1HPC)" <hylton at conacher.co.za> wrote:

>Dear John,
>On 10/09/2017 16:10, John Ralls wrote:
>> 
>> 
>>> On Sep 10, 2017, at 1:26 AM, Hylton Conacher (ZR1HPC) <hylton at conacher.co.za> wrote:
>>>
>>> Hi,
>
>>> I believe this unit trust account type needs further development work and wonder if there is a work around?
>>>
>>> I have raised a feature request
>>> <https://bugzilla.gnome.org/show_bug.cgi?id=787493>;
>>> to request this further enhancements to Gnucash.
>> 
>> You believe wrong.
>> 
>> One accounts for units in a unit trust as units. Please STUDY the Tutorial and Concepts Guide, paying particular attention to the chapters on Investments and Capital Gains, where you’ll learn how to use GnuCash to account for non-currency assets.
>> 
>> Regards,
>> John Ralls
>You are incorrect.
>You account for your investment in units, expressed as having a currency 
>value. 

I don't understand how this is different from a mutual fund or stock. Each has 'units' which have some currency value, e.g., $5 a share. 

>Each transaction is actually measured in currency as there is a 
>price per unit which must be paid or received. 

Again, I don't see the difference. In my example above, if I bought 10 shares, I would have a transaction for $50, I would own 10 such shares, that would be worth $50.I

>I tried to enter the 
>investment as a mutual fund but the price calculation would not allow me 
>to enter in values to 4 decimal places. 

Perhaps it would help to tell you that Gnucash stores the units and the amount, but calculates the price per unit? Enter the first two, and ignore the third, is what I do.

>After changing decimal places in 
>the settings, I saw no change. Despite your advice and your inability to 
>understand my mention that I had read and STUDIED the documentation and 
>tried Google searches, I tried many methods to get the unit trust 
>accounts to display properly, Gnucash is just not currently suitable for 
>unit trust accounts, in my opinion, even if the account is marked as a 
>Mutual fund or Stock, of which it is neither. If there is anyone else 
>who actually uses Gnucash for South African unit trusts, I would be most 
>pleased to hear from you.
>Again John, thank you for taking it upon yourself to close my bugzilla 
>post before doing any investigation into the matter or even waiting for 
>a reply from the original poster. So much for you using the community 
>user platform to improve the product.

I'd like to point out to you that John is one of the primary developers for Gnucash; his knowledge about how it works, and how it is intended to work, are pretty substantial. Thus far, you haven't shown that South Africa's unit trusts are in fact different from a mutual fund. Perhaps you could explain more clearly (with specific examples) how they are different, and we could proceed under more civil circumstances?

David

>I have reopened the request and will close it once I am able to 
>accomplish what I require, whether it be by step by step instructions or 
>further application development.
>Let's make Gnucash great again.
>Hylton
>> 
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