[GNC] Trading accounts

[David T.]

David C.

Trading accounts are not the same as lots. Different concept, different code. Just a for instance: trading accounts are turned on by book; lots can be enabled by account. 

David T. 

On July 27, 2022 3:33:37 AM GMT+03:00, David Carlson <david.carlson.417 at gmail.com> wrote:
>I believe that you are witnessing first hand why trading accounts are not
>enabled by default,  i.e. they create a royal mess in your trading history.
>
>You might want to re-read the recent thread about evil trading accounts.
> They may work ok for some users who's documentation goals align with the
>design parameters of TA's.
>
>Other users will prefer to continue either manually tracking lots in
>external spreadsheets or trusting their brokers back rooms to do it for
>them.
>
>Oh, I am neither a developer nor an accountant, just a long term user.
>
>On Tue, Jul 26, 2022, 5:47 PM Fred Tydeman <tydeman.fred at gmail.com> wrote:
>
>> Over the past several months, I have been importing Quicken data into
>> GnuCash.  There is about 6 years of data and lots of transactions.  Besides
>> normal income and expenses, that data involved many different stocks and
>> many different currencies.  Recently, I saw a reference to "Trading"
>> accounts.  I have now enabled that feature.  Based on reading
>> https://www.mathstat.dal.ca/~selinger/accounting/tutorial, I believe that
>> my old transactions that involve currencies (and maybe stocks and other
>> assets whose value varies) were done wrong.
>>
>> Do I need to redo old transactions involving currencies?
>> Do I need to redo old transactions involving stocks?
>> Do I need to redo old transactions involving any assets whose price
>> varies?  This probably depends upon the asset, eg. no for Real Estate.
>>
>> Is there an easy way to fix the mess I have created?
>>
>> Aside:  I do not recall any mention of trading accounts in the Tutorial
>> early on when it talked about setting up the Chart of Accounts.
>>
>> What is the reason that Trading accounts are not turned on by default?
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