On Sun, Aug 2, 2020 at 11:36 AM John Ralls <jra...@ceridwen.us> wrote: > > > > > On Aug 1, 2020, at 4:21 PM, dann frazier <da...@dannf.org> wrote: > > > > Hi, > > > > I'm trying to figure out the right way to represent a non-currency > > debt in gnucash. That is, I'd like to be able to record that I *owe* > > 20 shares of FooFund. I thought I'd just create a Mutual Fund > > Liability account, but apparently Mutual Funds and Liabilities are > > mutually exclusive. Is that restriction by design? > > > > One of the reasons I want to do this is for a college fund. I'd like > > to keep track of the fund value in an account, but also "keep it off > > the books" in a sense when it comes to Asset vs. Liability > > calculations, as I consider it both something I have and something I > > owe. I tried doing this by creating an Asset account and a Liability > > account that grow together, and cancel each other out, but I couldn't > > get that to work since it won't let me make the Liability a security. > > Is there a better way to do this? > > Yes, only Asset accounts of type Stock and Fund can have non-currency > commodities. GnuCash doesn't support barter. > > You could do that with two Asset accounts, one with a positive balance and > the other with an equal negative balance.
I think I tried that before but ran into another issue, but I don't recall what it was. Let me give it another shot. > However, if what you're modeling is your kid's college fund it would be more > correct to create a separate book for it, particularly if it's a > tax-advantaged fund like a US 529 fund or a court-supervised entity like a > trust or guardianship. Yeah - you're probably right - but I assume I'd then have to deal with contributions separately in both books, which would be a bit cumbersome. -dann _______________________________________________ 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.
