[GNC] When closing books, equity statement report is incorrect

[Adrien Monteleone]

GnuCash is not getting in your way here. You are free to do what you 
would do if you were keeping books using Pen & Ink. That process would 
require the same accounts.

What GnuCash is not doing here, that you are asking for, is providing a 
report so you don't have to mimic the formal methods of Pen & Ink.

And I'd say that GnuCash is correct in this approach.

Recognizing Dividends and disbursing them is, at least in the U.S., 
supposed to be explicit in the books - thus requiring specific accounts. 
It can't be done with just a report as a 'scenario' or thought exercise. 
Your mileage may vary in other jurisdictions.

And yes, this is one of those few cases where contra-accounts come into 
play. That has to do with accounting, and nothing to do with the design 
of GnuCash.

Regards,
Adrien

On 1/3/24 7:35 PM, Quinn Wood wrote:
> When doing your books you don't technically need a contra account for every
> little thing. GnuCash just gets in the way of your work if you don't have
> one, in this particular scenario.
> 
> So, problem solved. Use a contra account.