Salut Alain
You will also incur unrealized gains/losses upon currency transfers, eg
EUR->GBP->EUR whereby exchange rates are fluid.
HTH
On 01/04/18 18:17, cag...@free.fr wrote:
De: "John Ralls" <jra...@ceridwen.us>
À: cag...@free.fr
Cc: gnucash-user@gnucash.org
Envoyé: Dimanche 1 Avril 2018 15:34:43
Objet: Re: Unrealized loss
On Apr 1, 2018, at 5:13 AM, [ mailto:cag...@free.fr | cag...@free.fr ] wrote:
Hello.
I have have had an "unrealized loss" showing on my balance sheet for years. I
haven't bothered too much as the amount is extremely small. (€7.70).
I had kind advice on this forum as to identify the date on which the loss
showed up and the procedure to cancel it. I did find the date but stangely not
the transaction. So I'm not going to keep trying to cancel the loss any longer.
I read that, without actually "cancelling" the loss, it is possible to prevent
it from showing. I know that this is not legal for a company, but my book keeping is
fully personal so I'd like to know the procedure.
“Cancelling” isn’t really the right term. You need to record the loss as either
expense or negative income depending on how you handle capital gains. There’s
an explanation of how to do this in [
https://www.gnucash.org/docs/v2.6/C/gnucash-guide/invest-sell1.html |
https://www.gnucash.org/docs/v2.6/C/gnucash-guide/invest-sell1.html ] .
Regards,
John Ralls
John,
Thank youy for your reply.
The manual you sent me the link to is very dense and I haven't got a clue where
to start.
Given that:
- I do not manage stock using split transactions (I don't manage currencies
other than EUR either)
- As mentioned above, I identified the day the unrealized loss turned up but
none of the transactions entered on that day (or the day before) can possibly
explain the loss
I'd rather have the loss be not "canceled" (which I unsuccessfully tried to do)
but just hidden, as I've read somewhere that was technically (if not legally for a
company which I'm not) feasible.
Alain
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