[GNC] Transferring portion of mutual fund account to another fund account

[Harry Foerster]

It seems this email request has gone sideways a bit.

The actual transactions are being handled by the financial institutions
accordingly and reported to me in statements. I fully believe their
accountants are following the proper Canadian financial security laws.

The crust of my request for assistance was how I could personally record
these transaction into Gnucash; what steps or procedures does Gnucash have
to allow the transfer, on the cost basis, of units between accounts in
Gnucash. Any suggestions or hints on a path to follow is appreciated.
 

-----Original Message-----
From: gnucash-user <gnucash-user-bounces+hfoerster=shaw.ca at gnucash.org> On
Behalf Of Michael or Penny Novack
Sent: February 5, 2019 8:58 AM
To: gnucash-user at gnucash.org
Subject: Re: [GNC] Transferring portion of mutual fund account to another
fund account

On 2/4/2019 8:09 PM, David Carlson wrote:
> If you are in the US and both funds are within the same custodial 
> account the answer is trivial, just sell one and buy the other.  It 
> only matters when you withdraw cash.
>
> If you are somehow moving shares from one custodian to another, that 
> is more complicated.
>
> If they are non-custodial accounts ask your accountant.
>
> David Carlson
>
This (correct) answer points out that this was NOT a gnucash question but
rather a question about how to account for a transaction of this sort no
matter what was being used for the bookkeeping (even old fashioned pen and
ink on paper). The problem with questions of this sort is that while many of
us here do know the answer (and "allowed" to use that knowledge for our own
books, few if any of us hold the "credentials" allowing us to advise others.

That's why we have to say "ask your accountant".

Michael D Novack
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