Not quite enough. STOCK and FUND accounts inherit the currency of their nearest
non-STOCK/FUND parent, so if you trade in stocks on foreign exchanges you need
to set up your tree like e.g.
Assets:Investments (type ASSET in your home currency, e.g. ILS)
Stocks-ILS (type ASSET, currency
I'm pretty sure the Guide (or Help) covers other/multi-currency
questions with regards to stocks.
The account has to be of the same currency as the stocks. So even if you
buy the same stock but in different currencies, you'll need separate
accounts for each stock & for each currency—e.g.,
In the guide the assumptions seem to be US based??
For example I have one of my share which is quoted on the Israel Stock
Exchange, and others on the Irish, UK, etc.
How do I get those in? Another neophyte question.
Finbar
___
gnucash-user
Thank you for the information/advice.
Yes, just the information. I have an asset a/cw ith some of the data but
it is showing increase and decrease and value in an 'overall' format,
i.e. on the status of the whole a/c, not on the individual items. I do
need dividend data for tax purposes.
I
This might be a TAX issue but financial reporting is very much a GnuCash
issue and has nothing to do with tax advice. Different terms being used for
the same thing in different jurisdictions complicate the discussion, and
then the taxes actually vary.
I've managed to move most of my spreadsheet
On 8/11/2022 4:27 PM, Adrien Monteleone wrote:
Do you simply want to track activity but are not concerned with
individual share counts and prices?
If that is the case, then a basic account of type Asset would do.
You then make your entries as needed just like the Pen & Paper method.
.
Finbar,
This is likely as specific as it gets or can get
https://www.gnucash.org/docs/v4/C/gnucash-guide/chapter_invest.html.
As others have mentioned the exact accounting treatment depends on the tax rules
in your jurisdiction and likely business regulations if you are conducting
investment as
Do you simply want to track activity but are not concerned with
individual share counts and prices?
If that is the case, then a basic account of type Asset would do.
You then make your entries as needed just like the Pen & Paper method.
I'm sure there are plenty of resources online to
Accounting question --- how does YOUR jurisdiction tax "gains or losses
from sale of securities"? In other words, you might very much NOT want
to do this in your main books, as would complicate matters at tax time.
This does NOT mean that you can't use gnucash to ALSO provide you with
more
Hello,
I am trying to rationalise my shares (or things that have a moving
value) holdings.
I understand the basics of GNU, in that I have been a user for some
time and have been able to record transactions, create reports to
satisfy the taxman, etc., but I keep getting bits and pieces of
10 matches
Mail list logo