Morning, David.
David Cousens wrote > Your company, if it trades in its own stock (this is illegal in > many/most jurisdictions although individuals who run a company may own > stock in the company) *Would you like to clarify "trades in its own stock"? Is this not limited to "issuing stock to get cash" and grant stock options to employee (possibily substitute of cash as wages)?* ---- I have a dream. To own a company of my own making with tax compliance in mind. Thus, I would have to record transactions appropriately. *1. Stock split to issued stocks.* I was planning to use GnuCash for more than 5 years. But, I found it impractical as I will assign these tasks to a CFO on later date. In the 5 years span, I believe I will need to do a stock split and though if GnuCash unable to do what I need it would be a waste. *In short, I drop my case about Stock Split.* I will migrate to cloud-based accounting software where I can monitor who and when an individual posted an entry. *2. Stock account type as "child account" under Equity account type as "parent account"* I found it to be convenient to know how much stocks has been issued, owned and paid by an entity. As of right now, the current solution is to create separate accounts Equities:Equities:Capital:Paid-in Capital:Common Stock:Entity A Equities:Equities:Capital:Paid-in Capital:Paid-in Capital in Excess of Par Value--Common Stock:Entity A In short term, it is not hard to calculate how much stocks has been issued through Entity A, B, C accounts (of Common Stock) whenever we need to calculate how much % shares owned by a specific entity either to do a vote or else. This will achieve two things, 1. Manual labor for CFO and his/her subordinate in the long term, not good for the company and the team. 2. Consequently, Finance department will need to use different software to handle this matter. I like to simplify things and more software sound to be the opposite of it. In conclusion, I believe GnuCash do not fit to do these tasks in the long run (issue stocks, grant stock options, calculate % shares owned, calculate the voting rights etc). I will be forced to do the manual labor using GnuCash for the first 2 years. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
