[GNC] Financial Account Structure for Australian Shares and ETFs

[D.]

Regarding your search: I get results from:
https://www.google.com/search?q=franking+site%3Agnucash.org

I'm not sure why Google.ca would have different results, or whether my broader site designation draws in more. Mind you, they're older than the previous year, but this discussion has occurred.


-------- Original Message --------
From: flywire <flywire0 at gmail.com>
Sent: Fri Aug 27 08:39:23 EDT 2021
To: Gnucash Users <gnucash-user at gnucash.org>
Subject: Re: [GNC] Financial Account Structure for Australian Shares and ETFs

Thanks Chris, that helps me understand it a bit more but a little
differently. I see Franking Credits as Income. Maybe someone with a formal
accountancy background has an opinion.

So, Income account has Franked, Unfranked (from Bank) and Franking Credit
(from Asset). I'm not sure how taxes should be accounted for but I have an
Expense:Tax:Personal account and normally get a refund which I put through
as a credit. I can see that should clear the [Asset] Franking Credit
account.

Let's see if the screenshot below comes through with a dividend for 100 MQG
shares:

[image: image.png]

btw, Google search isn't returning anything for Franking over the last
year:
https://www.google.ca/search?q=site:lists.gnucash.org/pipermail/gnucash-user+franking&source=lnt&tbs=qdr:y&bih=1003

>


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