Jan Schrage wrote:
>
> On Thu, Feb 10, 2000 at 10:00:35PM +1100, Robert Graham Merkel wrote:
> > <snip>
> > > > For profit and loss statements, however, the situation is a little
> > > > different. To figure out the overall profit for an accounting period,
> > > > you need to count only that income and the expenses for that period.
> > > >
> > > > Am I missing anything here?
> > >
> > > How do you consider stock price changes? If you enter a 'price' split in
> > > a stock register there's no transaction from/to an income/expense
> > > account
> > > associated with it, nevertheless you make a profit or loss.
> >
> > Correct. However, I don't know how one accounts for such things.
> > Can somebody provide some guidance here?
> >
> For tax purposes this is, I think, usually not counted as profit. You
> only make a profit upon sale. Since tax calculations are one of the more
> important reasons for using an accounting program I suggest we use that
> as a guideline.
Now how do you enter stock purchase or sale? I think as a transfer
from a bank account to a stock account or vice versa. Again no
income/expense account involved... (Exept for transaction fees ;-))
A solution to this problem is probably the account balance tracker
report:
Apply it to all accounts exept income/expense and it will yield a total
net gain/loss.
I do not use Quicken or M$ Money. Does anyone known how these
programmes deal with this problem?
--
Herbert Thoma
FhG-IIS A, Studio Department
Am Weichselgarten3, 91058 Erlangen, Germany
Phone: +49-9131-776-323
Fax: +49-9131-776-399
email: [EMAIL PROTECTED]
www: http://www.iis.fhg.de/
--
Gnucash Developer's List
To unsubscribe send empty email to: [EMAIL PROTECTED]
