[GNC] Entering Share Purchase/Sale

[john]

Installing Finance::Quote isn't a prerequisite for anything except retrieving quotes from some online services.

"Share" seems like an unlikely name for a security, but whatever. What problem did you have creating the security?

BTW, xboxboy misled you a bit: Your share account must have a parent account of type Asset and must itself be of type Stock or Mutual Fund. 

Make sure that the currency of the parent account is the one that the shares trade in. For example if your home currency is AUD but the shares trade on the London stock exchange then you should create an Asset account in GBP to be the parent for the share account. If you do trade in securities priced in currencies other than your home one you should turn on Trading Accounts in File>Properties and always do a two-step transfer from your home currency to the stock's currency then buy the stock in that currency; for a sale you'd do the reverse, selling the stock in its currency then transferring the proceeds to the home currency. Do that even if your broker does it all in one step so that you can capture the separate gains and losses from the stock's price change and the exchange rate differences between the two currencies. This is especially important if you want to use online price retrieval because GnuCash will ignore indirect prices (in the example, Stock->GBP->AUD) if there are any direct prices (Stock->AUD) available and online price retrieval will retrieve prices only in the stock's trading currency.

Regards,
John Ralls


> On Jan 27, 2023, at 6:59 AM, Rajesh Maini <ramanengineering2004 at gmail.com> wrote:
> 
> I am not able to add security "Share" in the security editor, inspite of
> having installed Online price retriever.
> 
> Thank you
> 
> Rajesh Maini
> 
> On Fri, 27 Jan, 2023, 8:11 pm xboxboy.mageia+GnuCash, <
> xboxboy.mageia+gnucash at gmail.com> wrote:
> 
>> I went through something similar only a while back:
>> 
>> There are way smarter, and experienced people than me here, so wait for
>> them, but in the mean time I would:
>> 
>> Make sure the account for the shares, in under equity, and classified as
>> a stock account, not a currency.
>> 
>> Open that account: Just start entering the transaction ie date, memo etc.
>> 
>> And as you do this (it did for me anyway) gnucash picks up you're doing
>> a stock allocation, not currency, and the columns change, to what's
>> necessary: You may have to click the split button to get this to occur.
>> 
>> HTH, but I've probably explained terribly.
>> 
>> Good luck.
>> 
>> On 28/1/23 00:20, Rajesh Maini wrote:
>>> How do I get the columns  of Share quantity, Price, Buy and Sell for
>> shares
>>> etc.
>>> Do I have to install Online price retrieval for the above.
>>> 
>>> Awaiting a response
>>> 
>>> 
>>> Rajesh Maini
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