On 2022-05-08 10:17, Scott Soderling wrote: > Opening the investment accounts and giving them opening balances is easy. > I'm now looking for suggestions going forward regarding updating the > current value of each account monthly. That is, I don't want to set up sub > accounts for every stock, mutual fund, etc and then have to track > share/unit prices, just to come up with an account balance. I just want to > enter one "adjustment" type transaction for each investment account, once a > month, to make it balance to my monthly bank statements.
Debit to Assets:Investment Account Credit to Income:Investment Gains and Losses (Some people, me among them, would put Investment Gains and Losses under Equity rather than Income. I do this because investment gains and losses can exceed the total of all ordinary income and expenses in a given month; also, I budget my income and expenses but not investment gains and losses, which are unpredictable. Since these adjusting transactions are for your benefit and not your accountant's, you can do whatever feels natural to you.) -- Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ 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.
