[GNC] "Stock" Liabilities do not show up under liabilities in Balance Sheet report

[Bo Byrd]

 Thanks - I tried that but then can only enter transactions where the units are USD, and I really must track them in my books as units of the stock. If I have to deal with it being show up in "Assets" section of the balance sheet as a negative asset instead of under "liabilities" as a positive liability, then if thats the only way I can track them internally as stock, then I'll just take it. Thanks very much for your replies here.




On Sunday, January 26, 2020, 11:32:47 PM CST, David Cousens <davidcousens at bigpond.com> wrote:


Hi Bo,

I think I understand what has happened. Accounts of type stock should have an Asset account as their parent account not
a Liability account. When you are issued stock as unpaid the Liability account will simply be an account of type
Liability not of type Stock. A possible account tree to cover this might look like (":" denoting a subaccount).

Assets:Investments:Brokerage:ABCCorp

Liabilities:Investments:Unpaid Stock:ABCCorp

Here Assets, Assets:Investments and Assets Investments:Brokerage will be accounts of type Asset and ABCcorp is of type
Stock and Liabilities, Liabilities:Investments, Liabilities:Investments:Unpaid Stock and
Liabilities:Investments:Unpaid Stock:ABCCorp are all accounts of type Liability.

The type and parent are set in the Edit Account dialog. You should be able to change them in the dialog

A typical transaction on issues of 100 shares the stock with a face value of $10 might look something like:
 no Price Debit Credit
Assets:Investments:Brokerage:ABCCorp 100 $10 $1000
Liabilities:Investments:Unpaid Stock:ABCCorp $1000

With any luck when you have them setup like this they should then appear correctly in the Balance Sheet. Give it a try
and let us know how you go.

David