Jon Lapham <[EMAIL PROTECTED]> writes:
> I was running through the process of buying and selling stocks, and a
> few thoughts occurred to me.
>
> Assume you use the "stock" account type, and follow the proceedure to
> build a stock commodity, set the price in the price editor, etc. When
> you sell the stock, for a profit, how does this income get accounted
> for? Is the stock account itself a pseudo-income account?
This is a bug. This is what Lots are supposed to solve. It has not
been finished.
What you need to do is create a split txn that balances out the profit
based on the cost of the stock and then link that split txn into a
cap-gains income account.
> It seems to me that stocks could be tracked in GC the same way we
> handle Fixed Assets, starting with a regular asset account. Then,
> upon selling the stock, you would record an income transaction into
> the stock asset account, then record a transaction from the stock
> asset account to your bank account.
Something like this could theoretically work, but it's nice to see
both the #shares and price simultaneously.
> Just thinking out loud. Any thoughts out there on this?
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
[EMAIL PROTECTED] PGP key available
_______________________________________________
gnucash-devel mailing list
[EMAIL PROTECTED]
http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel
