Re: Building on FreeBSD 10.0
On Tuesday, June 24, 2014 9:12:29 PM UTC+2, Chris Leyon wrote: Jostein, Thank you for suggestion. I tried the new add_definitions line as you indicated but there was no change - the same errors occur as before. Chris Is there a boost package included with FreeBSD or in their repositories? Can you try to reinstall this? Ref. to this error from your installation: -- Performing Test BOOST_REGEX_UNICODE_RUNS - Failed Jostein -- --- You received this message because you are subscribed to the Google Groups Ledger group. To unsubscribe from this group and stop receiving emails from it, send an email to ledger-cli+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
Re: Building on FreeBSD 10.0
On Wednesday, June 25, 2014 8:24:42 AM UTC+2, Jostein Berntsen wrote: -- Performing Test BOOST_REGEX_UNICODE_RUNS - Failed This error can be seen on Debian too, and it does not prevent to build successfully. I personally now ignore it. -- --- You received this message because you are subscribed to the Google Groups Ledger group. To unsubscribe from this group and stop receiving emails from it, send an email to ledger-cli+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
Re: How to record and keep track of stock share ?
On Wed, Jun 25, 2014 at 1:08 AM, Rick F r...@farnbach.com wrote:
Allowing the cost to show up in
both places would break the accounting equation; this transaction must
balance.
So I've been thinking about this and I think that is the fundamental problem.
Technically, commission (at least in the U.S.) isn't an expense, it's an
asset. It sounds strange, but think about it. In the U.S., the commission
counts toward the cost basis and the cost basis is recorded with the asset.
It's the whole depreciate vs. expense issue in accounting.
Commission is definitely not an asset.
I think I see what you mean though, and I think what you mean is this
(please correct me if I'm wrong):
2014-06-25 * Buying into a position
Assets:Investments:Cash -1009.95 USD
Assets:Investments:Stock 10 STOCK {100 USD}
Expenses:Commissions 9.95 USD
2014-06-25 * Cost basis adjustment for commission
Assets:Investments:Stock -10 STOCK {100 USD}
Assets:Investments:Stock 10 STOCK {100.995 USD}
Income:Investments:Rebates -9.95 USD
Now, the way that I carried out the cost basis adjustment above looks a bit
inconvenient: remove all shares and replace them by new ones at the
adjusted cost. This is because it is just what is supported in
Beancount/Ledger right now. In the example above, I use a rebate account
to absorb the cost adjustment: you would _not_ declare this as taxable
income, it's just there for balancing the transaction.
2014-08-04 * Selling haf of my position
Assets:Investments:Stock -5 STOCK {100.995 USD}
Assets:Investments:Cash 540.05 USD
Expenses:Commissions 9.95 USD
Income:Investments:Gains -35.075 USD
On the sale you don't have to make an adjustment, because the shares have
been converted to cash.
Does this make sense?
So, the lesson from your comment is that it might be useful to create a
syntax dedicated to easily make a cost basis adjustment. That syntax should
transform into this (copied from above):
2014-06-25 * Cost basis adjustment for commission
Assets:Investments:Stock -10 STOCK {100 USD}
Assets:Investments:Stock 10 STOCK {100.995 USD}
Income:Investments:Rebates -9.95 USD
The same syntax could be used to make other types of cost basis adjustments.
I'll be updating my proposal with this comment:
https://docs.google.com/document/d/1F8IJ_7fMHZ75XFPocMokLxVZczAhrBRBVN9uMhQFCZ4/
I'm not sure how, but I think the solution is somewhere down that road.
Maybe creating a fake asset that is the commission per share, maybe a
sub-asset.
The solution you're implying is to make a cost-basis adjustment.
The thing is, this isn't a new problem. This isn't a ledger problem
so much as an accounting problem. Accountants (in the U.S. at least)
already have to deal with this situation. Does anyone know how
accountants deal with this currently?
I'm curious now... did anyone ever check how GnuCash or QuickBooks deals
with it?
Rick
On Saturday, June 14, 2014 10:50:32 AM UTC-7, Martin Blais wrote:
On Fri, Jun 13, 2014 at 9:57 AM, Martin Blais bl...@furius.ca wrote:
On Fri, Jun 13, 2014 at 9:01 AM, Rick F ri...@farnbach.com wrote:
The method used in the cookbook, is not correct.
That's not exactly true: it's correct if your definition of capital gain
does not take into account commissions. I used the definition that excludes
capital gains in order to keep things simple (the level of discussion I
chose in that doc is that congruent with trying to explain P/L clearly,
intro level). Whether you should be able to exclude commissions or not from
your gains is a matter tax law, and it depends on your own situation.
Thanks for bringing up the topic, though, I admit I did forget to
explain it. I'll add a separate section about commissions. I'm well aware
of this.
At the moment, I simply subtract the commissions from the gains for
reporting. The gains and commissions get counted in separate accounts
(which is mostly fine, except for the prorating detail you bring up below).
You can subtract the total commissions from total gain for a good
approximation of gains-without-commissions. Most of my trading accounts
already provide a suitable 1099 so I use my own accounting on these
accounts for tax planning and cross-checking against their calculations,
and I use the 1099 forms for tax reporting.
The cookbook uses the example of buying 10 shares of IBM at $160 and
then selling those shares at $170. Without commissions, that would amount
to a realized gain of $100, $1700 (the sales price) - $1600 (the cost
basis). With commissions, however, the reportable gain is really $1700
(the sales price) - $9.95 (commission on the sale) - $1600 (basis) -
$9.95 (commission on purchase) = $80.10. The method in the cookbook
only accounts for the sale commission when figuring the capital gain.
Actually, that's incorrect, the
Re: How to record and keep track of stock share ?
On Wed, Jun 25, 2014 at 11:14 AM, Martin Blais bl...@furius.ca wrote:
On Wed, Jun 25, 2014 at 1:08 AM, Rick F r...@farnbach.com wrote:
Allowing the cost to show up in
both places would break the accounting equation; this transaction must
balance.
So I've been thinking about this and I think that is the fundamental
problem. Technically, commission (at least in the U.S.) isn't an expense,
it's an asset. It sounds strange, but think about it. In the U.S., the
commission counts toward the cost basis and the cost basis is recorded with
the asset. It's the whole depreciate vs. expense issue in accounting.
Commission is definitely not an asset.
I think I see what you mean though, and I think what you mean is this
(please correct me if I'm wrong):
2014-06-25 * Buying into a position
Assets:Investments:Cash -1009.95 USD
Assets:Investments:Stock 10 STOCK {100 USD}
Expenses:Commissions 9.95 USD
2014-06-25 * Cost basis adjustment for commission
Assets:Investments:Stock -10 STOCK {100 USD}
Assets:Investments:Stock 10 STOCK {100.995 USD}
Income:Investments:Rebates -9.95 USD
Now, the way that I carried out the cost basis adjustment above looks a
bit inconvenient: remove all shares and replace them by new ones at the
adjusted cost. This is because it is just what is supported in
Beancount/Ledger right now. In the example above, I use a rebate account
to absorb the cost adjustment: you would _not_ declare this as taxable
income, it's just there for balancing the transaction.
2014-08-04 * Selling haf of my position
Assets:Investments:Stock -5 STOCK {100.995 USD}
Assets:Investments:Cash 540.05 USD
Expenses:Commissions 9.95 USD
Income:Investments:Gains -35.075 USD
On the sale you don't have to make an adjustment, because the shares have
been converted to cash.
Actually, I screwed up a bit in the sell example above, sorry about that.
You would _also_ have to make an adjustment to the sale side, but you would
adjust the gains there. Like this (tested, this time):
2014-01-01 open Assets:Investments:Cash
2014-01-01 open Assets:Investments:Stock
2014-01-01 open Expenses:Commissions
2014-01-01 open Income:Investments:Rebates
2014-01-01 open Income:Investments:Gains
2014-06-25 * Buying into a position
Assets:Investments:Cash -1009.95 USD
Assets:Investments:Stock10 STOCK {100 USD}
Expenses:Commissions 9.95 USD
2014-06-25 * Cost basis adjustment for commission
Assets:Investments:Stock -10 STOCK {100 USD}
Assets:Investments:Stock10 STOCK {100.995 USD}
Income:Investments:Rebates -9.95 USD
2014-08-04 * Selling half of my position
Assets:Investments:Stock-5 STOCK {100.995 USD}
Assets:Investments:Cash 540.05 USD
Expenses:Commissions 9.95 USD
Income:Investments:Gains
2014-08-04 * Cost basis adjustment for commission
Income:Investments:Rebates -9.95 USD
Income:Investments:Gains
Resulting trial balance from Beancount:
|-- Assets
| `-- Investments
| |-- Cash -469.90 USD
| `-- Stock 504.98 USD
|-- Expenses
| `-- Commissions19.90 USD
`-- Income
`-- Investments
|-- Gains -35.08 USD
`-- Rebates -19.90 USD
The method I suggest in the document just does the adjustment transaction
in the same transaction as the sale.
They're equivalent.
What I like about your suggestion is the idea of making cost basis
adjustments simpler.
Maybe something like this could be implemented eventually:
2014-06-25 * Cost basis adjustment for commission
Assets:Investments:Stock10 STOCK {100 USD - 100.995 USD}
Income:Investments:Rebates -9.95 USD
Or even better, without having to specify the merged amount!
2014-06-25 * Cost basis adjustment for commission
Assets:Investments:Stock -10 STOCK {100 USD} ; disambiguate
Assets:Investments:Stock10 STOCK {} ; let system auto-fill
Income:Investments:Rebates -9.95 USD
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