Stan, Mike
Australia has the similar provisions with your primary residence being
capital gains exempt so even realized gains are not taxable income in our
case. There are some restictions, e.g. if you sell within 12 months or have
a pattern of selling and purchasing which indicates conducting a
On 12/29/2018 6:13 PM, David Cousens wrote:
Stan,
The main thing is your books are telling you what you need to know and it is
working for you. i get your point about net worth. It should be possible to
generate a custom report which will just calculate that without having to
close all the
Christopher,
Agreed the balance sheet should really do the trick since it is the state of
the accounts at a specific point. The only difference you usually come
across is where intangible assets are involved as these are generally not
included in net worth whereas they are in equity.
David
That's the purpose of the current balance sheet.
Set price-source to 'most-recent' and it should calculate all
unrealized/realized (and trading) gains/losses, and add the appropriate
adjustments in the net worth calculator.
I'm not sure whether *any* other report will calculate these gains.
Stan,
The main thing is your books are telling you what you need to know and it is
working for you. i get your point about net worth. It should be possible to
generate a custom report which will just calculate that without having to
close all the equity accounts to a single accoun to achieve
people would scoff at my using an accrual
basis for my books but a cash basis for computing taxes.)
> Date: Fri, 28 Dec 2018 22:12:36 -0600 (CST)
> From: David Cousens
> Subject: Re: [GNC] Gnucash-created "closing" entries
>
> ... I am assuming the gains
>
Stan,
There is one other question which may be pertinent. I am assuming the gains
and losses you are referring to are realized gains or losses and not
unrealized gains or losses. If they are, should they not be reporting in an
Income:Investment account rather than directly into Equity. Depending
Stan,
At the present moment there does not appear to be any way to do what you
need to do. There is no option in the current close book procedure for
optionally setting the close date to anything else but the close date for
the period +12 hrs. This is set as the time of the transactions generated
Stan,
You could try using the Close Books function to create model transactions
then duplicate them to get copies that likely do not contain the odd dates.
David C
On Fri, Dec 28, 2018, 1:37 PM Stan Brown > From: David Cousens
> > Subject: Re: [GNC] Basic Question (I hope) - End of Year
> From: David Cousens
> Subject: Re: [GNC] Basic Question (I hope) - End of Year Procedure
>
> The easiest way to achieve that would be to manually perform the closing
> transactions rather than use the inbuilt procedure, then they are just
> ordinary transactionsand won't have the KVP pair in
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