On 12/16/2024 9:38 PM, Art Chimes wrote:
Thanks for the quick reply. I'm struggling to get the complete picture into
one transaction. Mainly because I think of it as one transaction (albeit
one that technically takes place over a period of days, but also because it
seems more elegant that way. I still would love to see a screenshot,
though....
What DATE would you assign to the single transaction? That's why I
showed it as two. For example if that date interval spanned a tax
critical date, could put that interest income into the wrong period.
BUT----if you like (partially)
Assume bond had been bought for X, matured at Y, and repurchased at Z
Date debit
Bond Z, cash Y
credit
Bond X, cash Z, income interest Y - X
That checks out with total debits Z + Y and total credits Z + ( X - X) +Y
Now that is being given in "journal form" which is, in fact, what you
see when entering a "split" transaction in gnucash. Please note that you
are asking an ACCOUNTING question (what are the debits and credits of
the transaction). That is not specific to gnucash, hence no
"screenshot". IF on the other hand, you were asking us "I know how to
enter (in gnucash) a transaction that has exactly one debit and one
credit. But what do I do if there is more than one debit or more than
one credit? How do I enter that in gnucash?" NOW we have a gnucash
question, but note nothing specific to reinvesting in bonds at maturity,
We would THEN discuss with you "entering "split" transactions in gnucash
and NOW a screenshot might be needed. More than one debit or more than
one credit is actually the general case. Exactly one of each a special
case, but this special case will be >90% of all transactions so the
shortcut method of entry into taught first.
Do you know how to enter a transaction after hitting the "split" button?
Michael D Novack
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