Hello. I have an insurance policy which works like this:
- after the initial payment, I could make additional payments, up to a month ago, and I did.
- the company has to have 100% backing for the money received by customers for this product, meaning all of them could theoretically ask money back at the same time and it would be possible for the company to reimburse the sums with no ill effects (so called "Gestione Separata" in Italian)
- there is a revaluation guarantee at 0%: regardless of the performance of the investments made by the company (typically a few percent points per year), the worse it can happen is that I earn nothing for one or more years; what is already consolidated from the previous year, stays there.
- it's an insurance policy so there are additional benefits but those are not relevant to my question.
Having said that, I wonder how to properly record the current value for this investment: at the moment, the account type is "Attività " (asset) and I have already recorded the commissions paid as costs. In the meanwhile, one year has passed and the value has incresed.
I cannot use the price editor, because this product doesn't really have shares like in the stock exchange or like managed investment funds. I mean, I could change the account type but it would make no sense to me. Is there a way to do it with the price editor? I would need to record a new total value, instead of a new commodity unit value.
Given the revaluation guarantee, I could simply record the difference between the new and the previous values as a gain and be done with it.
Does it seem reasonable? Thanks, Andrea. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org 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.
