I have all the records, but not all are in or available in digital form, so
I have been laboriously entering them in a spreadsheet.

Would it be worthwhile to set up a new data file just for those stocks and
import/hand enter them in Gnucash instead? (I suspect any IRS auditor would
be more impressed with my Gnucash data store than my Excel data store.)

Whether worthwhile or not, you'd have to judge, but since you would be hand entering the data in either case, not more work using gnucash and as you note, easier t produce the reports you would want.

The point is, you can most certainly use gnucash to maintain multiple sets of books. Back in the old days of pen and ink on paper bookkeeping it was quite usual to have subsidiary sets of books. A main set of books, of course, but then possibly also a "cashbook" (for transactions involving actual cash and a small set of the most popular ledger accounts involved with those transactions) and a "petty cash book". Thus once a month (when being replenished) the "petty cash book" account TOTALS (not each tiny transaction) entered into the main books. The same with the "cashbook".

Another use you might make of additional sets of books is for virtual entities. When I was doing books for organizations that put on events (and these dwarfed the "main" other transactions of the entity) I would create a set of books for the event (opened with a "loan" from the organization) and then closed back to the organization when all was over. Makes it easy to see what the organizers want to see (like how did event X do compared to last year's X).

For my [personal use, I have a set of books for our solar system so we can correctly track things like how it is paying itself off.. Keep in mind that ordinarily you can be entering only real transactions but in this case there are virtual transactions (an electric bill we don't have to pay is not a transaction in the real sense, but represents income to the solar system which can be used to pay on the loan, etc. At this point it has almost paid back the original loan (with interest) even accounting for its expenses (what we pay on its behalf) like its share of property insurance, its share of our taxes from sale of SRECs, etc. << those payments to us are taxable (if you don't cheat) so we credit 80% of "sale of SRECs" to income and 20% to expenses "tax owed". Once 100% paid off I will have to decide what to do. Either close out OR perhaps continue treating it as an ":investment" (what it is in our personal books) paying dividends and/or building a sinking fund to pay for its eventual repair/replacement.

Michael D Novack



Note -- The "cashbook" would actually be more familiar to you than other parts of traditional bookkeeping as it was direct entry into the ledger just like you do with gnucash. No entering first into a journal and then posting to the ledger. Using gnucash is very much like "cashbook for everything" but gnucash CAN produce the corresponding journal as a report if you wanted to see that for some reason.


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