It's been rumoured that Rob Browning said:
>
> Actually, as far as I can tell, you don't really want to indicate the
> profit in the register.
? Insofar as one puts one side of a transsaction into an account
of type 'income' or 'expense', you *have* recorded a profit/loss,
and this info is used when the cost-basis repoort is generated.
There is still room for games, e.g. use LIFO, FIFO etc, type cost
accounting for tax purposes, but this is a different issue; this is
'the other shoe dropping'.
(I'm getting the impression that most folks don't realize or understand
the significance of the income/expense account types, and we need to
work on that.)
> I'm also beginning to think that we may need to make the role of the
> "Action" field more prominent and encourage people to use it. Without
> concrete knowledge of which things are
> purchases/sales/splits/dividends/etc., it'll be hard to generate some
> of the more sophisticated reports we might want.
Yes absolutely correct.
BTW, we should have a little 'preferences' dialogue that allows people
to add/delete different actions. Right now its a hard-wired list
of 'typical' things; they should be tailored for the account types,
as wsell as for the typical user (home vs. business. etc).
--linas
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