[GNC] Scrubbing workflow

Geoff cleanoutmyshed at gmail.com
Thu Dec 29 21:58:28 EST 2022


Correct.  You need to scrub each Account separately.

Geoff
=====

On 30/12/2022 1:57 pm, ml at tgr66.me wrote:
> Assuming one creates a separate account to track each stock (for example, “Joint Brokerage:AAPL” and “Joint Brokerage:AMZN” doesn’t a user have to scrub for each symbol? Or am I misunderstanding and it *should* work at the “Joint Brokerage” level?
> 
>> On Dec 29, 2022, at 20:04, Geoff <cleanoutmyshed at gmail.com> wrote:
>>
>> Hi Tim
>>
>> Lot scrubbing has nothing to do with internationali[sz]ation.  It is just one possible method** to match your buys and sells for a particular stock account and thus calculate your gains and losses.
>>
>> Each sale transaction is applied consecutively to each buy transaction, and the capital gain (or loss) on each such match is calculated and stored as a separate transaction in the stock account.
>>
>> Note that scrubbing works on a "FIFO" basis (first in , first out) which may or may not be what you want to do.
>>
>> If you have three stock accounts, you will have to scrub each of them separately.  There is no "easier way".
>>
>> Note that the process is completely reversible - you can manually delete the capital gain/loss transactions and start over.
>>
>> You don't have to remember which sales have been scrubbed, the scrubbing process will just pick up any unapplied sales next time you run it.
>>
>>
>> **The other method is to manually match your sales to your buys one lot at a time.
>>
>>
>> Hope this helps.
>>
>> Regards
>>
>> Geoff
>> =====
>>
>>
>> On 30/12/2022 11:00 am, ml at tgr66.me wrote:
>>> I searched the mailing list and didn’t really get any hits from the past six years, so I’m starting a new thread.
>>> I understand the concept of lots, and I *think* I understand _why_ GnuCash uses the scrubbing concept (i.e., internationalization?).
>>> In any case, I’m a little worried about the work flow as I implement GnuCash.
>>> Let’s say I perform a number of trades of stocks in any given month, but I don’t remember when sells I’ve scrubbed, and which I haven’t. How do I tell which ones need to be done? Go through each symbol (could easily be 30 or more total over three accounts)?
>>> Just curious if I”m missing an easier way?
>>> Tim
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