[GNC] Company plan for stocks and stock options

[Wolfgang Paul Rauchholz]

Hi Stan / Murugan all,

Thanks for picking up and providing your insight. That was very helpful.
I would assume that options and stocks I have not exercised yet cannot get
managed in gnucash?
Only when exercising options into stocks or selling stock or options?

The objective with gnucash is that I want to manage personal finances;
expense control, planning, etc..


Best regards,


Wolfgang Rauchholz
+34 627 994 977
https://www.linkedin.com/in/wolfgangrauchholz/



On Tue, Apr 4, 2023 at 8:07 PM Stan Brown <the_stan_brown at fastmail.fm>
wrote:

>
> On 2023-04-04 10:40, Wolfgang Paul Rauchholz wrote:
> >  Fairly new to gnucash and not a finance export, I want to run all my
> > personal finances with this great tool.
> >
> > I installed 5.0 by compiling it under fedora core 37.
> >
> > I started adding normal daily expenses and all look fine.
> >
> > One of the doubts I have is how do I correctly add a company plan for
> stock
> > options and stock plan that get vested/distributed every year. As I don't
> > buy them there is no cash leaving my bank account.
>
> The options and stocks are part of your compensation as an employee,
> right? As such, the accounting would be similar to your accounting for
> your paycheck.
>
> Your paycheck (ignoring tax withholding) is
>     Debit: Cash or Bank account
>     Credit: Employee income
>
> The stocks would be
>     Debit: Stock in Company X
>     Credit: Employee income
> and similarly for the options. With stocks and options you'll want to
> know number of shares and share prices so that you can compute gains and
> losses when you sell them. If they aren't fully vested you will want to
> note the vesting date as well.
>
> You'll probably want to have separate accounts for stocks in the company
> and stock options. To simplify computing your income tax, you may want
> to have separate income accounts for income in money and income in
> securities; they could both be subaccounts under an Employee Income
> account.
>
> The usual disclaimer: I don't know your tax situation or any legal
> requirements for how you may need to account for all of this.
>
> Stan Brown
> Tehachapi, CA, USA
> https://BrownMath.com
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