Investment Question

[Jay Ridgley]

Good Morning,

I AM NOT AN ACCOUNTANT

I have decided that I want to track my investments in USD and let my 
brokerage take care of the details of my holdings.

How would be the best way to make the conversion in GnuCash? Just "sell" 
all my holdings and put the funds in opening balances then adjust the 
amounts in the accounts by transferring funds from opening balances 
after changing the account type to asset or would it be better to delete 
the current investment accounts and start over using a new set of names. 
I favor the former.

This is a sample of what I am dealing with:

IRA
IRA:Cash
IRA:Stocks
several IRA:Stocks:Symbol
IRA:Funds
several IRA:Funds:Symbol
IRA:Bonds
several IRA:Bonds:Symbol

The result would be the same except the several X:X:Symbol accounts 
would go away. I would update the remaining accounts each month when I 
receive my statement form my broker by debit or credit to the account 
and the other side credit or debit to unrealized gains and loses. If I 
sell or buy the other side would be Cash

Will that cause problems with the way GnuCash works? Is there a better way?

Cheers,
Jay
-- 
Jay Ridgley
jridgley2 at austin.rr.com
Registered Linux User ID - 9115
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