[GNC] asset discrepancy in change of year

John Ralls jralls at ceridwen.us
Wed Apr 21 00:19:46 EDT 2021



> On Apr 20, 2021, at 2:51 PM, Andrea Borgia <andrea at borgia.bo.it> wrote:
> 
> Il 17/04/21 19:47, John Ralls ha scritto:
> 
> 
>> But if you sold only 50 shares Trading:XYZ would have a balance of -50 and Trading:EUR has a balance of €400. To find the capital gain you have to compute the basis of the remaining 50 shares and subtract it from the Trading:EUR balance.
> 
> Yes, that's why I said "for closing 2020": I understood it was a special case and I actually wrote to my future self a memo explaining why the year-end closing is the way it is.
> 
> For 2021, especially if a sale occurs, I'll try to record it properly.
> 
> 
>> So rather than getting you in trouble with the tax authorities the consequences would be in the time spent on figuring out why your numbers and theirs are different.
> 
> Why would that be the case? I have no way to calculate the tax amount from within gnucash, I'm simply going to take what the bank debits and record it.
> 
> 
> The one issue I have with the way the bank records costs (not taxes) is that the fixed fee paid on purchase of a fund is lumped together with the investment amount, so they have a slightly different share price from mine.
> 
> I chose to record the expense the moment it is incurred, that is at purchase time.
> 
> I might as well follow their lead, if else to make my life easier still, but this should be just a matter of preference, right?

If you're just keeping memorandum books then it's all preference, eh? 

Regards,
John Ralls



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