Part of this is up to you, and GnuCash is flexible because configurations can change.
I assume IBKR is your broker, and you have a single, normal brokerage account that deals in mutual funds and stocks. I would create a brokerage account and note that it is with IBKR; I assume cash is help somewhere like a sweep account. I cannot tell if you have both a USD sweep and a CHF sweep; if you do, I'd create a subaccount for each. Then I'd create an entry in the Security for the VT mutual fund, and create a subaccount in IBKR something like IBKR-VT that tracks the VT shares you own. Each buy or sell of VT will be its own transaction, with the funds coming from the USD sweep. Money you send to IBKR will, I assume, go into the CHF sweep, and then either manually or automatically, get converted to USD as you make purchases. Dividends are just another transaction; if you are reinvesting dividends, you'll add the transaction, but the "other" account will be some dividend income account - for me, I have an "Income:Investment Income:Taxable:Dividends" account for these things. Dividends that are not reinvested, will be entered in the sweep fund instead of purchasing more of the mutual fund, but would still be assigned to the dividend account. On Sun, Oct 20, 2024 at 7:04 PM Boniforti Flavio <bonifort...@gmail.com> wrote: > Hi all. > > I'd like to get some suggestions/guidance and eventually validate if my way > of doing this is correct. > > I've put some money into IBKR (CHF) which I then converted into USD to buy > VT. For the time being, I've just added the transactions in the "CHF Cash" > account on IBKR, where I now see the actual money I put there. Now there's > a few questions I can't answer on my own. > > As of today there is still some cash left on both CHF and USD accounts > (peanuts, just to cover currency conversion fees), and the rest is invested > in VT, how should I proceed to enter the various transactions, so that it > finally reflects the actual status (some CHF Cash, come USD Cash and the > rest in VT)? > > I bought VT like 4 or 5 times, of course at different stock prices. > > Should I create a sub-account called "VT" (type "mutual funds"), then add > each purchase transaction by taking the money from my "USD Cash" account, > until the balance corresponds to the actual one on IBKR? > Of course, in advance I would need to add the CHF-to-USD currency > conversion for each time I bought VT shares. Here I don't know if I should > add a sub-account related to conversion fees or not. > > Last but not least: when I will have set things right (which means having > the CHF and USD cash accounts showing the actual/real amount and also the > VT number of shares), will it be enough to update the VT share price > manually to see how much I do have on IBKR? > > And how do I deal with dividends? Should I add another sub-account for the > dividends? I automatically reinvest dividends in VT - how to deal with > this? > > I know it's a bunch of questions, but maybe some kind soul will be able to > help me walking through this :-) > > Thanks, > F. > > > https://www.instagram.com/boniforti_music > https://soundcloud.com/boniforti_music > https://bonny-j.bandcamp.com > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
