[GNC] Trading accounts
Geoff
cleanoutmyshed at gmail.com
Wed Jul 27 07:46:34 EDT 2022
Lots.
(And they aren't really evil, just wilful).
;--))
Geoff
=====
On 27/07/2022 8:36 pm, David Carlson wrote:
> This has confused me. Is the recent thread titled "
> [GNC] Evil Lots Behavior" about lots or trading accounts?
>
> On Wed, Jul 27, 2022 at 12:10 AM David T. <sunfish62 at yahoo.com> wrote:
>
>> 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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