[GNC] How to Handle Managed Securities Accounts in GnuCash

[rsbrux]

Thanks for the tip!  Indeed, the tax authorities here ar not interested in my accounting and insist on data directly from the bank.

I have set up asset accounts now for two managed accounts, but I don't know what to use as the counter-account for the value adjustments.

Should it be an income account (assuming that I have capital gains), an expense account (in the event that I have losses) or an equity account?

 

From: David Carlson <david.carlson.417 at gmail.com> 
Sent: Tuesday, January 7, 2020 3:32 PM
To: rsbrux <rsbrux at yahoo.com>
Cc: gnucash-user at gnucash.org
Subject: Re: [GNC] How to Handle Managed Securities Accounts in GnuCash

 

There used to be a section in one of the help manuals  about tracking the value of fixed investments such as art.  I am not near my computer so I am working from memory.

 

You could create such an asset for that account and then update it's value quarterly or less as you please, following the statements you receive.  Obviously, this would not provide tax information, but you are probably already using the tax info from your investment manager.

 

David Carlson 

 

On Tue, Jan 7, 2020, 5:00 AM rsbrux via gnucash-user <gnucash-user at gnucash.org <mailto:gnucash-user at gnucash.org> > wrote:

I have a couple of managed securities accounts which typically have a lot of
transactions involving switching in and out of proprietary ETFs for which
public quotes are not readily available.
I am tired of trying to keep track of all of these transactions in GnuCash.
I would be grateful for any suggestions as to handle these accounts with
less (manual) effort.

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