Hi All, I have a situation where I am making some postings in gnucash and the resulting values are making no sense to me at all (from an accounting perspective). The lack of sense is such that I am leaning towards a bug explanation rather than a user problem (I know, a dangerous assumption).
So here we go; I have a mutual fund account that regularly (monthly) sells a number of units in order to generate a cash amount. The date of the transaction for "selling" the funds is one date and the date at which the resulting money is credited to my account is a separate date, usually two days later. Both of these accounts are owned by a Trust and so the set of accounts I am managing with gnucash are the accounts for the Trust. I load both these data sets from different QIF files from different insitutions, the sell from my fund manager and the cash receipt from my bank. As a result of this date inconvenience I have to post the amount from the "sale of the funds" somewhere until I am able to link it to the bank transaction receiving the cash. Here is where the problem occurs; My thought is that this posting should be to an equity account, so I have one, but when I post the proceeds of the sale of the Fund to this account it shows a decrease in equity which does not seem right to me. This transaction, a sell from a commodity (the fund) should give me an increase in equity. It's all ok insofar as when I then post the funds to the bank account from this equity account they appear as a funds increase in my bank account, its just that I don't see why this process should decrease the equity of my Trust. This thought is reinforced by the fact that if I post it to a liability account instead, I get a decrease in liability which makes perfect sense in the same way that an increase in equity make sense. I am running stable (r17949M built 2009-09-14) on unbuntu. Am I making an error or is the equity account getting the sign of the postings "reversed"? Thanks, Philip -- Philip Haynes _______________________________________________ gnucash-devel mailing list [email protected] https://lists.gnucash.org/mailman/listinfo/gnucash-devel
