Unrealized loss

Wed Apr 4 12:38:23 EDT 2018

Assets and Liabilities most certainly can have different totals. The difference is Equity.

With GnuCash you have the option of letting it calculate the unrealized loss/gain and retain the flexibility to run custom reports, or, lose some reporting flexibility and periodically (through the close-books procedure) formally recognize that gain or loss to an Equity account. (that is, gain/loss as a result of Income - Expenses, not from sale of assets, that should be done at the actual sale)

Regards,
Adrien

> On Apr 2, 2018, at 11:47 AM, cageda at free.fr wrote:
> 
> It's not comfortable for an accountant's mind to have Assets and Liabilities with different totals :-) 
> 
> I understand there is a way not to show Unrealized losses but I am at a loss to find it. 
> 
> Alain 
> 
> 
> 
> 
> 
> 
> De: "David T." <sunfish62 at yahoo.com> 
> À: cageda at free.fr, "John Ralls" <jralls at ceridwen.us> 
> Cc: "gnucash-user" <gnucash-user at gnucash.org> 
> Envoyé: Lundi 2 Avril 2018 14:52:46 
> Objet: Re: Unrealized loss 
> 
> Alain, 
> 
> Your new transaction is balanced, and won't affect the imbalance in another transaction. 
> 
> I personally find the unrealized gains issue to be exceedingly difficult to understand. Since you say you don't care about this, just ignore it. 
> 
> David T 
> 
> 
> 
> 
> On Mon, Apr 2, 2018 at 17:02, cageda at free.fr 
> <cageda at free.fr> wrote: 
> 
> 
> 
> De: [ mailto:cageda at free.fr | cageda at free.fr ] 
> À: "John Ralls" < [ mailto:jralls at ceridwen.us | jralls at ceridwen.us ] > 
> Cc: "gnucash-user" < [ mailto:gnucash-user at gnucash.org | gnucash-user at gnucash.org ] > 
> Envoyé: Lundi 2 Avril 2018 13:51:03 
> Objet: Re: Unrealized loss 
> 
> 
> 
> 
> De: "John Ralls" < [ mailto:jralls at ceridwen.us | jralls at ceridwen.us ] > 
> À: [ mailto:cageda at free.fr | cageda at free.fr ] 
> Cc: "gnucash-user" < [ mailto:gnucash-user at gnucash.org | gnucash-user at gnucash.org ] > 
> Envoyé: Dimanche 1 Avril 2018 15:34:43 
> Objet: Re: Unrealized loss 
> 
> 
> 
> 
> 
> 
> On Apr 1, 2018, at 5:13 AM, [ mailto: [ mailto:cageda at free.fr | cageda at free.fr ] | [ mailto:cageda at free.fr | cageda at free.fr ] ] wrote: 
> 
> 
> Hello. 
> 
> I have have had an "unrealized loss" showing on my balance sheet for years. I haven't bothered too much as the amount is extremely small. (€7.70). 
> 
> I had kind advice on this forum as to identify the date on which the loss showed up and the procedure to cancel it. I did find the date but stangely not the transaction. So I'm not going to keep trying to cancel the loss any longer. 
> 
> I read that, without actually "cancelling" the loss, it is possible to prevent it from showing. I know that this is not legal for a company, but my book keeping is fully personal so I'd like to know the procedure. 
> 
> 
> 
> 
> “Cancelling” isn’t really the right term. You need to record the loss as either expense or negative income depending on how you handle capital gains. There’s an explanation of how to do this in [ [ https://www.gnucash.org/docs/v2.6/C/gnucash-guide/invest-sell1.html | https://www.gnucash.org/docs/v2.6/C/gnucash-guide/invest-sell1.html  ] | [ https://www.gnucash.org/docs/v2.6/C/gnucash-guide/invest-sell1.html | https://www.gnucash.org/docs/v2.6/C/gnucash-guide/invest-sell1.html  ] ] . 
> 
> Regards, 
> John Ralls 
> 
> 
> 
> I have identified the day on which the unrealized lossed first appeared. I have drawn a transaction report for that day (and the day before). There is no transaction that can remotely explain the loss. 
> I do not handle foreign currencies. Regarding shares I do not use trader accounts or split transactions including profits or losses. I do not enter share values into GC until the day I sell them. There is no way in the meantime GC can take into account a difference in value. 
> 
> Something might help identify where the problem comes from: I had another instance with an unrealized loss as big as my total yearly income. It went away a few weeks (or months I'm not sure) after it showed up. There is no way a single transaction (or even a few ) on a particular day triggered an unrealized loss as big as my yearly income. 
> 
> What I would like at this stage is simply set GC NOT to SHOW unrealized losses/gains. No legal problem as I'm only managing my personal familyaccounts. 
> 
> TIA for you help 
> Regards 
> Alain 
> 
> 
> I tried the following: 
> C an equity account "Unrealized loss" : EUR 7.70 
> D an income account "Realized loss" : EUR 7.70 
> The total Equity remained the same - 7.70 
> I changed the signs and the total equity remained at - 7.70 
> I don't get it. 
> 
> TIA 
> Alain 
> 
> 
> 
> 
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