[GNC] Rounded Up/Down Share Purchase with Dividend

[xboxboy.mageia+GnuCash]

Hi Jim,

that's just it, the $2 does 'vanish'. I don't see it, it's not passed to 
me at that time, or any time in the future:

As for a line to account for that, I guess that's what I'm asking: How 
do I create an account to absorb that $2, that then disappears into the 
ether?

I hope that is clearer?

On 8/6/23 01:21, Jim DeLaHunt wrote:
> Hello, xboxboy.magela:
>
> You ask how to account for the $2 that has "vanished". This jumps out 
> at me as the core of the problem:
>
>> Dividend (franked): Dividend reinvestment account $10
>> Buy: stock purchase: 1 unit $8, total buy $8
> If your dividend after franking is $10, and you buy stock for $8, then 
> there should be $2 cash left over. You do not show that left over cash 
> in your transaction. Where does that money go in real life?  Add a 
> line for that in your transaction, and it should balance.
>
> Does this answer your question?
>
> Best regards,
>     —Jim DeLaHunt, Vancouver, Canada
>
> On 2023-06-07 08:01, xboxboy.mageia+GnuCash wrote:
>> Hi guys,
>>
>> My issue is this: I'll provide an example: Note, I'm in Australia, so 
>> we have franked (taxed) dividends that we claim a tax break on.
>>
>> Total dividend $12; made up of
>>
>> Franked dividend $10
>>
>> Imput credit (tax credit) $2
>>
>> (So in this example $2 is paid to the tax office by the company, and 
>> I receive only $10)
>>
>> But I reinvest this dividend: Say the shares are $8.
>>
>> That means with my $10, I can get 1.25 shares, but it gets rounded 
>> down/up to the nearest share.
>>
>> So I get one share for a cost of $8.
>>
>> So normally I'd enter it like this:
>>
>> Expense: tax credit $2
>>
>> Dividend (franked): Dividend reinvestment account $10
>>
>> Buy: stock purchase: 1 unit $8, total buy $8
>>
>> Total dividend income $12
>>
>> Cost of share(s) $8 (normally from that dividend reinvestment account)
>>
>> (but now I'm $2 unbalanced)
>>
>> How do I account for the $2 that has now 'vanished'. With my other 
>> companies, this amount gets put into an account, and I get to apply 
>> it to the next dividend. But with this company, they don't do that, 
>> the amount is simply 'gone'.
>>
>> Hope that makes sense, any ideas most appreciated,
>>
>>
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