> -----Original Message----- > From: John Ralls [mailto:jra...@ceridwen.us] > Sent: Sunday, 4 December 2016 2:12 AM > To: Chris Good <chris.g...@ozemail.com.au> > Cc: GnuCash Developers <gnucash-devel@gnucash.org> > Subject: Re: Investment Sale Commission question > > > > On Dec 2, 2016, at 10:26 PM, Chris Good <chris.g...@ozemail.com.au> > wrote: > > > > Hi, > > > > > > > > I'd like to update the guide investment selling shares section with > > some better information about how to handle commission. > > > > See attachment 1 for the section I wish to update. > > > > > > > > The guide example says: > > > > > > > > and finally PROFIT is $1525 (GROSS_SALE-TOTALBUY-COMMISSION). > > > > > > > > but shows profit and capital gain as $1600. > > > > If you do the sale transaction as per the example, the Trial Balance > > is OK, but the capital gain is overstated. > > > > > > > > I've tried to alter the splits to get capital gain of $1525 but either > > I end up with an Imbalance split of $75 (commission value) or the > > Trial Balance is out by $75 (Dr > Cr). > > > > Please see attachment 2 for the balanced transaction as I think it > > should be, but which causes the Trial Balance problem. > > > > > > > > Could some-one please advise how to arrive at a capital gain of $1525 > > and a balancing Trial Balance or explain why this is not possible? > > > > Chris, > > You *either* expense the commission *or* reduce the capital gain, > depending on your tax laws. Allowing both would be a very generous tax > regime indeed, but regardless also produces an imbalance in the book > because you're counting the commission twice. > > Regards, > John Ralls
Hi John, Thanks for very much. Finally I think I understand. Now to document so I don't have to figure it out again! Regards, Chris Good
smime.p7s
Description: S/MIME cryptographic signature
_______________________________________________ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
