Do you simply want to track activity but are not concerned with
individual share counts and prices?
If that is the case, then a basic account of type Asset would do.
You then make your entries as needed just like the Pen & Paper method.
I'm sure there are plenty of resources online to demonstrate the basic
Dr/Cr examples for the various events. (buying, selling, recording
gain/loss, receipt of dividends, etc.)
The Guide (and I think Help too) already covers simple investments.
You only need to use accounts of type Stock if you really want *and
need* (as Michael pointed out) to track cost-basis for tax purposes when
determining gain/loss.
If tax implications are not at play here, certainly a simple asset
account would work. (you'll need income and possibly equity accounts
here too depending on your needs, maybe even some expense accounts as well.)
Regards,
Adrien
On 8/11/22 9:30 AM, Mahon Finbar wrote:
Hello,
I am trying to rationalise my shares (or things that have a moving
value) holdings.
I understand the basics of GNU, in that I have been a user for some
time and have been able to record transactions, create reports to
satisfy the taxman, etc., but I keep getting bits and pieces of
information from the various places where my shares are registered,
mostly about values and dividends and the like.
I have a somewhat random selection of 'accounts' with information about
my (relatively small number) of holdings (a word that is a bit strong
for my situation)
What I am aiming to do is get a simple account or accounts where I can
just register what I paid, what dividends and other income stuff I may
have had and items such as current value.
Is there a simple source in the 'help' for creating that and what is it
called and what does it contain?? If not where should I start??
Sorry to be a neophyte, but I am a bit frustrated.
Finbar (located in Europe, but only really dealing in €)
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