> Dave Peticolas wrote:
> > > > Right now I believe it is only used in the Portfolio report,
> > > > under the 'cost' column.
> > >
> > > I checked this, and I have a bug report:
> > >
> > > The cost value is wrong sometimes. There seem to be two
> > > error situations:
> > >
> > > - accounts with an opening balance not equal 0.
> > >
> > > - accounts where shares are partly sold and later bought again.
> >
> > Are you sure these are wrong? By default, the cost is computed
> > with FIFO accounting. Could you given an example?
>
> OK, an example (real world numbers):
>
> date description sold bought price value tot.shrs. t
> otal
> 01.01.1999 opening balance 102.319 147.65 15107.40 102.319 1
> 5107.40
> 25.05.1999 price 170.47 102.319 1
> 7442.32
> 12.11.1999 dividend 0.533 195.56 104.23 102.852 2
> 0113.74
> 31.12.1999 fee 0.086 224.84 -19.34 102.766 2
> 3106.11
>
> The cost basis here is 15107.40 + 104.23 - 19.34 = 15192.29, right?
With FIFO accounting, I believe it should be
15107.40 + 104.23 - (.086 * 147.65)
In other words, when you sold the shares, you sold the 'first' ones
you bought.
> The portfolio report states costs of 30202.10, this is definitely wrong.
Yes, that seems wrong. I'll look into this.
thanks,
dave
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