[GNC] Investment accounts - maintain ongoing balance only

[Stan Brown]

On 2022-05-08 10:17, Scott Soderling wrote:
> Opening the investment accounts and giving them opening balances is easy.
> I'm now looking for suggestions going forward regarding updating the
> current value of each account monthly. That is, I don't want to set up sub
> accounts for every stock, mutual fund, etc and then have to track
> share/unit prices, just to come up with an account balance. I just want to
> enter one "adjustment" type transaction for each investment account, once a
> month, to make it balance to my monthly bank statements.


Debit  to Assets:Investment Account
Credit to Income:Investment Gains and Losses

(Some people, me among them, would put Investment Gains and Losses under
Equity rather than Income. I do this because investment gains and losses
can exceed the total of all ordinary income and expenses in a given
month; also, I budget my income and expenses but not investment gains
and losses, which are unpredictable. Since these adjusting transactions
are for your benefit and not your accountant's, you can do whatever
feels natural to you.)


-- 

Stan Brown

Tehachapi, CA, USA

https://BrownMath.com