[GNC] Fwd: Fwd: Bonus share entry

[Gnucash Xboxboy Mageia]

Thanks everyone: I think David's tab trick worked. It appears to have
worked anyways.

Now my next trick, is a double trick:
During the ownership of a company, it has changed it's name/code. How does
one best handle this?

and

I have 163 shares in a company that had a capital reconstruction, and after
wards it has 98 shares: So the reverse of a stock split: Can the stock
split process handle this?

I appreciate everyone's input.
Xboxboy

On Sat, Mar 9, 2019 at 5:32 PM Chris Good <goodchris96 at gmail.com> wrote:

> -----Original Message-----
> From: D <sunfish62 at yahoo.com>
> Sent: Thursday, 7 March 2019 12:26 PM
> To: Chris Good <goodchris96 at gmail.com>; Gnucash Users <
> gnucash-user at gnucash.org>
> Subject: Re: [GNC] Fwd: Bonus share entry
>
> Chris,
>
> That's a bad idea. It messes up the lots as you note, it screws up the
> acquisition dates (important for tax purposes in the US), and ultimately
> it's not what happened. Since it is possible to add zero cost shares using
> tab (instead of enter), there is no reason to use this approach. You
> certainly don't *have* to use it.
>
> David
>
> On March 7, 2019, at 2:29 AM, Chris Good <goodchris96 at gmail.com> wrote:
>
> Message: 6
> > Date: Wed, 6 Mar 2019 22:00:16 +1030
> > From: Gnucash Xboxboy Mageia <xboxboy.mageia+gnucash at gmail.com>
> > To: Derek Atkins <derek at ihtfp.com>
> > Cc: gnucash-user at gnucash.org
> > Subject: Re: [GNC] Fwd: Bonus share entry
> > Message-ID:
> >
> > <CAKFYoHp0Q5P+1uMDVM=aO=WHE+iYNBd8vc9ib5oHaiHRyG8=0w at mail.gmail.com>
> > Content-Type: text/plain; charset="utf-8"
> >
> >> On Wed, Mar 6, 2019 at 9:38 PM Derek Atkins <derek at ihtfp.com> wrote:
> >>
> >> The cost may be zero, but the value is not.
> >> Maybe just enter them as 0.01?
> >>
> >> -derek
> >> Sent using my mobile device. Please excuse any typos.
> >> On March 6, 2019 6:07:28 AM Gnucash Xboxboy Mageia
> >> <xboxboy.mageia+gnucash at gmail.com> wrote:
> >>
> >>> Hi all,
> >>> I have some bonus shares that were issued with no cost to me:
> >>>
> >>> I am having trouble entering them without a cost. When I put 0 as
> >>> the
> >> cost,
> >>> on the next line 1 appears, and I am unable to get rid of it.
> >>>
> >>> Perhaps I'm doing this the wrong way, and need to be entering them
> >>> as a share split?
> >>>
> >>> In this case, I had 100 shares, and got issued 16 for no cost: so I
> >>> have
> >>> 116 in total.
> >>>
> >>> Any ideas?
> >>>
> >>> Thanks,
> >>> Xboxboy
> >>> _______________________________________________
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> > Hi Derek,
> >
> > I've attached a picture, I don't think I'm explaining very well.
> >
> > Please see attached.
> >
> > What can I do about that imbalance line?
> > Many thanks,
> > Xboxboy
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> >
>
> Hi XBoxBoy,
>
> If the tax authorities have agreed that you are getting these bonus shares
> for zero cost, then to keep the cost correct in GnuCash you will have to do
> a dummy sell of all your existing shares at cost, and then in another
> transaction, buy them, including the bonus qty, at the same cost. Assuming
> this is for your personal accounting, it probably doesn't matter which
> account you use for the other side in each transaction - you could probably
> use either a bank account (and if you reconcile that bank account, flag the
> transactions as reconciled even though they never appear on a bank
> statement) or an Equity:Opening Balances account - you should check with
> your accountant.
>
> Doing this will mean manually keeping track of lots bought and sold when
> determining costs of future sales.
>
> Regards, Chris Good
>
> Hi David,
>
> You're right, I was confusing this with the problem where the Advanced
> Portfolio Report doesn't handle Return Of Capital transactions, but it
> seems to handle zero cost and price transactions OK. Sorry for the bad
> advice XBoxBoy.
>
> Regards,
> Chris Good
>
>