I ran a balance sheet for 2016 and compared the two.  Everything looks the same until I reach the equity account.  Here is where the difference occurs (and I completely missed it initially).  In the GC file without the use of Trading Accounts, I have unrealized gains, whereas in the GC file using Trading Accounts, I have trading gains.

I think I need to start using Trading Accounts, if I want to obtain a more accurate set of accounts.


For what it is worth, I have been relying on my brokerage accounts to determine gains and losses for tax purposes.

I am thinking about copying my production GC file to my test computer and run balance sheet and income and expense for ye 2017 and compare.  I think it will be significant.


Les
p.s.: I did read the the link from Christopher.


On 02/12/2018 12:05 PM, David Carlson wrote:
If you read Christopher's links, they go into the theory behind the development of trading accounts.

I personally do not need them for my use, so I am not conversant with how they work.

I think that you may need them, based on the fact that you are looking into using them, but I cannot help with details.

Perhaps another user that does use them can chime in (hint Hint)

David C

On Mon, Feb 12, 2018 at 11:12 AM, Les <lellio...@gmail.com <mailto:lellio...@gmail.com>> wrote:

    I use, in addition to USD. AUD, HKD, CAD, CNY and SGD.  I buy in
    tranches for average cost.  So, not sure that means I have
    complicated trades but I make sure I never have any orphan
    accounts. I checked my test file for capital and it did not list
    any. Although, at the bottom of my accounts list, there is a list
    of currencies and exchanges with totals for each. But, again,
    there isn't any difference in income and expenses.

    Les

    On 02/12/2018 08:18 AM, David Carlson wrote:

        UnfOrtumately I cannot read the article that zchristofer cited
        from my
        clunky Tablet ant tablet really messes up mystery composition
        skills.

        I think that if you have always correctly calculated every
        capital gain in
        every closing transaction and never had any ambiguously
        matched lots there
        will not be any overall difference with or without trading
        accounts.

        I would guess trading accounts help the most for users with more
        complicated trades.

        I am sure that you would need to drill down to the capital
        gains and
        incomes in closing transactions to see where the  T A could make a
        difference.

        David C



        On Feb 12, 2018 6:53 AM, "Christopher Lam"
        <christopher....@gmail.com <mailto:christopher....@gmail.com>>
        wrote:

            Hi Les

            Really interesting question, with a simple and a
            complicated answer.

            Simple answer: I think Trial Balance would differ if you
            deal with
            multiple currencies or stock (i.e. multiple conversions
            with differing
            dates and prices).

            Complicated answer:

            https://www.mathstat.dal.ca/~selinger/accounting/tutorial.html
            <https://www.mathstat.dal.ca/%7Eselinger/accounting/tutorial.html>

            https://www.mathstat.dal.ca/~selinger/accounting/gnucash.html
            <https://www.mathstat.dal.ca/%7Eselinger/accounting/gnucash.html>

            C

            On 12/02/18 20:41, Les wrote:

                I have a "test" laptop with GC 2.6.17 running the
                latest Linux Mint.  I
                opened GC and tried using Trading Accounts, did check
                and repair, noted the
                totals of assets, liabilities, income and expense
                before and after.  There
                was no difference.  I then ran a Income and Expense
                report for year 2016
                (which is the same as my production GC and compared
                the two.  Again there
                was no difference in totals between the two GC files.

                So, exactly what does Trading Accounts actually do? I
                noticed that when
                viewing a stock transaction using auto-split view,
                there are added lines
                showing trading: currencies and trading: exchange and
                stock symbol, that
                does not appear without trading accounts.

                Thanks,

                Les


                On 02/12/2018 04:41 AM, David Carlson wrote:

                    It would be more fun to make a test copy of an
                    existing file! 😁

                    David C

                    On Feb 12, 2018 4:13 AM, "Les"
                    <lellio...@gmail.com <mailto:lellio...@gmail.com>
                    <mailto:
                    lellio...@gmail.com <mailto:lellio...@gmail.com>>>
                    wrote:

                         Thanks, Adrien, David & Christoph for your
                    replies.  I think
                         opening a new GC file and testing Trading
                    Accounts is a good idea.

                         Regards,

                         Les


                         On 02/12/2018 01:40 AM, Christoph R wrote:

                             And run “Actions -> Check & Repair ->
                    Check & Repair All” to
                             add the needed splits to existing
                    transactions.

                             Gruß,
                             Christoph

                                 Am 12.02.2018 um 01:27 schrieb David
                    Carlson
                                 <david.carlson....@gmail.com
                    <mailto:david.carlson....@gmail.com>
                                 <mailto:david.carlson....@gmail.com
                    <mailto:david.carlson....@gmail.com>>>:

                                 I think that if you want to stop
                    using trading account s
                                 it is difficult to
                                 turn them off.

                                 I would set up a test file to try
                    them on until you decide
                                 whether you like
                                 them.

                                 David  C

                                 On Feb 11, 2018 5:39 PM, "Adrien
                    Monteleone"
                                 <adrien.montele...@gmail.com
                    <mailto:adrien.montele...@gmail.com>
                                 <mailto:adrien.montele...@gmail.com
                    <mailto:adrien.montele...@gmail.com>>>
                                 wrote:

                                     Yes, you can add trading accounts
                    (or any other
                                     accounts) as needed to your
                                     current file.

                                     Regards,
                                     Adrien

                                     On Sun, Feb 11, 2018 at 4:18 PM, Les
                                     <lellio...@gmail.com
                    <mailto:lellio...@gmail.com>
                    <mailto:lellio...@gmail.com
                    <mailto:lellio...@gmail.com>>>
                    wrote:

                                         I have been using GC for
                    several years, and
                                         although I trade stocks, I
                                         have never used the "Trading
                    Accounts" option.
                                         Can I just start using

                                     it,

                                         or would I need to start a
                    new GC file?

                                         Thanks,

                                         Les

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