Thanks David,
Perhaps, I can clarify. The answer to your question is yes. The reason
for the new name is that currently the accounts are defined as place
holders, they would have to be regular accounts, would they not?
Regards,
Jay
On 01/12/2018 11:13 AM, David Carlson wrote:
I am not an accountant either, and I do not quite understand your question.
Do you already track your investments in detail in GnuCash and you want
to stop tracking details, just track overall values with periodic
(manual) value updates after monthly reports? That is the only scenario
where I would suggest "selling" securities in your data file. I do not
think that you need to delete brokerage or custodial accounts and
replace them with accounts of a different type. Brokerage accounts are
already asset accounts, just under a different top account name.
I think that would work.
David C
On Fri, Jan 12, 2018 at 9:15 AM, Jay Ridgley <jridgl...@austin.rr.com
<mailto:jridgl...@austin.rr.com>> wrote:
Good Morning,
I AM NOT AN ACCOUNTANT
I have decided that I want to track my investments in USD and let my
brokerage take care of the details of my holdings.
How would be the best way to make the conversion in GnuCash? Just
"sell" all my holdings and put the funds in opening balances then
adjust the amounts in the accounts by transferring funds from
opening balances after changing the account type to asset or would
it be better to delete the current investment accounts and start
over using a new set of names. I favor the former.
This is a sample of what I am dealing with:
IRA
IRA:Cash
IRA:Stocks
several IRA:Stocks:Symbol
IRA:Funds
several IRA:Funds:Symbol
IRA:Bonds
several IRA:Bonds:Symbol
The result would be the same except the several X:X:Symbol accounts
would go away. I would update the remaining accounts each month when
I receive my statement form my broker by debit or credit to the
account and the other side credit or debit to unrealized gains and
loses. If I sell or buy the other side would be Cash
Will that cause problems with the way GnuCash works? Is there a
better way?
Cheers,
Jay
--
Jay Ridgley
jridgley2 at austin.rr.com <http://austin.rr.com>
Registered Linux User ID - 9115
https://linuxcounter.net/cert/9115.png
<https://linuxcounter.net/cert/9115.png>
Registered Ubuntu User ID - 23320
_______________________________________________
gnucash-user mailing list
gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org>
https://lists.gnucash.org/mailman/listinfo/gnucash-user
<https://lists.gnucash.org/mailman/listinfo/gnucash-user>
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
--
Jay Ridgley
jridgley2 at austin.rr.com
Registered Linux User ID - 9115
https://linuxcounter.net/cert/9115.png
Registered Ubuntu User ID - 23320
_______________________________________________
gnucash-user mailing list
gnucash-user@gnucash.org
https://lists.gnucash.org/mailman/listinfo/gnucash-user
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
