Hi,
I'm not an accounting expert, but I think the brokerage fee is
actually an expense and not an asset (If you purchased 100 shares at
$10, you sill have them but the brokerage fee is lost :). You should
create an expense account, say "STX_fees" and record the fee to that
account.
You can create a two-split transaction, a split to record the purchase
of the shares (from your bank account to STX) and a split to record
the fee from your bank account to STX_fees. This way, in your bank
account, only one transaction will be shown.
It would be nice if you could create the STX_fees account as a
subaccount of STX, so they are kept together, but unfortunately this
is not possible.
Best Regards,
alex.
>>>>> "Vann" == Vann H Walke <[EMAIL PROTECTED]> writes:
Vann> I'm trying to update my investments and can't seem to find
Vann> the right way to record my stock purchases and brokerage
Vann> fees. Here is the basic situation.
Vann> Say I buy 100 shares of stock STX for $10 a share. I have
Vann> to pay $100 for brokerage fees on this purchase. How should
Vann> I record this in my accounts?
Vann> I have a subaccount of assets, STX. In this account I can
Vann> put the purchase of 100 share at $10, but I haven't been
Vann> able to get it to enter my brokerage fee here. I could just
Vann> enter this as an expense in my checking account, but it
Vann> seems appropriate to have it listed in the account which
Vann> contains the stock for which it was paid.
Vann> I tried adding it to the transaction as a "fee" in the
Vann> multi-line dropdown menu. Unfortunately, adding any $ here
Vann> adds to the total purchase, resulting in more shares that I
Vann> actually purchased. I could adjust the purchase price to
Vann> include the brokerage fee (slightly above the $10), but this
Vann> doesn't seem to be a very elegant way of doing things.
Vann> Any ideas? What is the proper accounting method of
Vann> recording such transactions?
Vann> Thanks, Vann
Vann> -- Gnucash Developer's List To unsubscribe send empty email
Vann> to: [EMAIL PROTECTED]
--
--
Gnucash Developer's List
To unsubscribe send empty email to: [EMAIL PROTECTED]
