[GNC] How to change "Unrealized Gain/Loss" to "Readlized Gain/Loss" in Balance Sheet ?

[Michael or Penny Novack]

On 4/10/2020 6:15 AM, Long wrote:
> Please help me. Is it possible? If yes, please give me an example .
>
I think you do not understand the concepts.  The underlying accounting 
concepts as opposed to how gnucash is working.

First -- do you understand the difference between "cash based" and 
"accrual based"? If not, go back over the basics until you do understand 
because that is fundamental to understanding "unrealized" vs "realized".

Second -- which of these are you using, cash or accrual? USUALLY 
personal books are kept cash, business books accrual (but custom is cash 
for some sorts) and if engaged in certain activities might not have a 
choice, the gov't might dictate. Organizations can usually choose which.

We can advise you HOW (to do using gnucash) only after we have settled 
the WHAT you should be doing. So answer question #2 and then get back to 
us.  But we may also have additional questions as to the PURPOSE of your 
books (what are you expecting them to tell you )

Michael D Novack


PS: A brief history of double entry bookkeeping might also be useful. In 
the early days (hundreds of years ago) the temporary accounts of type 
income and expense did not exist and all transactions immediately 
affected equity. But books were also only kept "cash basis".