Trading Accounts
Les
lelliott5 at gmail.com
Mon Feb 12 12:12:19 EST 2018
I use, in addition to USD. AUD, HKD, CAD, CNY and SGD. I buy in
tranches for average cost. So, not sure that means I have complicated
trades but I make sure I never have any orphan accounts. I checked my
test file for capital and it did not list any. Although, at the bottom
of my accounts list, there is a list of currencies and exchanges with
totals for each. But, again, there isn't any difference in income and
expenses.
Les
On 02/12/2018 08:18 AM, David Carlson wrote:
> UnfOrtumately I cannot read the article that zchristofer cited from my
> clunky Tablet ant tablet really messes up mystery composition skills.
>
> I think that if you have always correctly calculated every capital gain in
> every closing transaction and never had any ambiguously matched lots there
> will not be any overall difference with or without trading accounts.
>
> I would guess trading accounts help the most for users with more
> complicated trades.
>
> I am sure that you would need to drill down to the capital gains and
> incomes in closing transactions to see where the T A could make a
> difference.
>
> David C
>
>
>
> On Feb 12, 2018 6:53 AM, "Christopher Lam" <christopher.lck at gmail.com>
> wrote:
>
>> Hi Les
>>
>> Really interesting question, with a simple and a complicated answer.
>>
>> Simple answer: I think Trial Balance would differ if you deal with
>> multiple currencies or stock (i.e. multiple conversions with differing
>> dates and prices).
>>
>> Complicated answer:
>>
>> https://www.mathstat.dal.ca/~selinger/accounting/tutorial.html
>>
>> https://www.mathstat.dal.ca/~selinger/accounting/gnucash.html
>>
>> C
>>
>> On 12/02/18 20:41, Les wrote:
>>
>>> I have a "test" laptop with GC 2.6.17 running the latest Linux Mint. I
>>> opened GC and tried using Trading Accounts, did check and repair, noted the
>>> totals of assets, liabilities, income and expense before and after. There
>>> was no difference. I then ran a Income and Expense report for year 2016
>>> (which is the same as my production GC and compared the two. Again there
>>> was no difference in totals between the two GC files.
>>>
>>> So, exactly what does Trading Accounts actually do? I noticed that when
>>> viewing a stock transaction using auto-split view, there are added lines
>>> showing trading: currencies and trading: exchange and stock symbol, that
>>> does not appear without trading accounts.
>>>
>>> Thanks,
>>>
>>> Les
>>>
>>>
>>> On 02/12/2018 04:41 AM, David Carlson wrote:
>>>
>>>> It would be more fun to make a test copy of an existing file! 😁
>>>>
>>>> David C
>>>>
>>>> On Feb 12, 2018 4:13 AM, "Les" <lelliott5 at gmail.com <mailto:
>>>> lelliott5 at gmail.com>> wrote:
>>>>
>>>> Thanks, Adrien, David & Christoph for your replies. I think
>>>> opening a new GC file and testing Trading Accounts is a good idea.
>>>>
>>>> Regards,
>>>>
>>>> Les
>>>>
>>>>
>>>> On 02/12/2018 01:40 AM, Christoph R wrote:
>>>>
>>>> And run “Actions -> Check & Repair -> Check & Repair All” to
>>>> add the needed splits to existing transactions.
>>>>
>>>> Gruß,
>>>> Christoph
>>>>
>>>> Am 12.02.2018 um 01:27 schrieb David Carlson
>>>> <david.carlson.417 at gmail.com
>>>> <mailto:david.carlson.417 at gmail.com>>:
>>>>
>>>> I think that if you want to stop using trading account s
>>>> it is difficult to
>>>> turn them off.
>>>>
>>>> I would set up a test file to try them on until you decide
>>>> whether you like
>>>> them.
>>>>
>>>> David C
>>>>
>>>> On Feb 11, 2018 5:39 PM, "Adrien Monteleone"
>>>> <adrien.monteleone at gmail.com
>>>> <mailto:adrien.monteleone at gmail.com>>
>>>> wrote:
>>>>
>>>> Yes, you can add trading accounts (or any other
>>>> accounts) as needed to your
>>>> current file.
>>>>
>>>> Regards,
>>>> Adrien
>>>>
>>>> On Sun, Feb 11, 2018 at 4:18 PM, Les
>>>> <lelliott5 at gmail.com <mailto:lelliott5 at gmail.com>>
>>>> wrote:
>>>>
>>>> I have been using GC for several years, and
>>>> although I trade stocks, I
>>>> have never used the "Trading Accounts" option.
>>>> Can I just start using
>>>>
>>>> it,
>>>>
>>>> or would I need to start a new GC file?
>>>>
>>>> Thanks,
>>>>
>>>> Les
>>>>
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