Adrien, I'm sure I have this wrong, but my understanding is that stock and currencies are both commodities, and that any given account is denominated in one. So a stock's "currency" is that commodity (that is, the ABC account is denominated in the ABC commodity). How it gets converted into a different currency (e.g., AUD) depends on the parent account.
That is, of course, all technicalities. The rest is correct. David -------- Original Message -------- From: Adrien Monteleone <adrien.montele...@lusfiber.net> Sent: Sat May 02 21:55:02 GMT+05:30 2020 To: Gnucash Users <gnucash-user@gnucash.org> Subject: Re: [GNC] How do I add stock trades? As well, the currency of a stock or fund is determined by the currency of the parent account. So if you set up a brokerage with sub-accounts, you set the brokerage to AUD and each sub-account is per fund/stock and those are set to their ticker symbol. If you own funds/stocks of different currencies with the same brokerage you have to set up a different brokerage parent with the proper currency assigned and likely put the currency in the brokerage account name for sanity, e.g., Assets:Current Assets:Investments:Morgan Stanley USD -Assets:Current Assets:Investments:Morgan Stanley USD:Stock1 -Assets:Current Assets:Investments:Morgan Stanley USD:FundA Assets:Current Assets:Investments:Morgan Stanley AUD -Assets:Current Assets:Investments:Morgan Stanley AUD:Stock2 -Assets:Current Assets:Investments:Morgan Stanley AUD:FundB I’m pretty sure this is covered in the Guide, however. Regards, Adrien > On May 2, 2020 w18d123, at 2:08 AM, D. via gnucash-user > <gnucash-user@gnucash.org> wrote: > > Hello, > > You have a number of misconceptions going here, beginning with the purpose > and implementation of Trading Accounts. If you go to the external article on > trading accounts referred to in the wiki, you should get a clearer picture. I > am no expert on trading accounts, so I'll let others clear the air on that > topic further. > > However, you would be best advised to go back to the chapter on investments > in the Tutorial & Concepts Guide, which is the official documentation for > GnuCash. There you will see, for example, that your ABC account should be set > up as a Stock or Mutual Fund type account, denominated in ABC commodity > (which you will have to add in the security editor), and not in AUD. That > account will indicate then how many shares of ABC you own. The price db will > be used to determine the value of those shares in your book currency. > > When you sell those shares, you will need to account for the gain or loss, > which can be manually calculated and entered, or be done automatically using > the lots scrub feature. > > All of this is covered, as I said, in the Tutorial. Have a read of that, and > try again. > > HTH, > David _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
