I'm setting up GnuCash for my use for personal finance, and it was going OK until I came to entering in some IBM stock I inherited in 1995, and which has been DRIPping ever since.
IBM split 2 for 1 in 1997 and 1999, and then IBM spun out Kyndryl (KD) in 2021. My current financial programs (MECA's Managing Your Money vintage late 1980s and Quicken For Windows version 3 vintage early 1990s) managed to have tools for stock splits that went in and adjusted the basis and amount of stock for lots that predate the stock split date, and Quicken even somehow kept track of pre and post split stock pricing. GnuCash, not so much. It seems as though the stock split tool creates a transaction that just dumps in zero-priced stock to increase (or decrease!) the number of shares post-split, but doesn't go in and modify the basis and number of shares for lots that predate the split, which was my expectation. Now, I guess I can go in and manually modify the stock purchase and dividend reinvestment transactions so the post-split basis is "correct", but I was sorta hoping it was automated. For the 2 for one stock splits I don't have that many DRIP transactions when they occurred, but by the time the KD spinout happens in 2021 it's gonna be a lot of transactions (over 100?) Am I missing something? Should I submit a feature request? Or should I just consider it as something high-effort low-benefit that won't get done? -- Clint (JOATMON) Chaplin _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: 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.
