The issue here is rounding. GnuCash enforces a minimum fraction on all
commodities. For most currencies that fraction is 1/100; a few, e.g. Japanese
Yen, it’s 1/1. Most mutual funds have a minimum fraction of 1/1000, most stocks
have fractions of 1/—though DRIP accounts will pretend to have frac
GnuCash only maintains the number of shares and the total value. The
per-share price is /always/ computed.
When you are entering a transaction, GnuCash allows you to enter any two
values and it will compute the third -- however it still only stores #
shares and total value.
IANAA, but IMHO you s
First, let me tell you I am a recent user of GNUCash, and by no means I am
a bookkeeper or know a lot about accounting.
I am using the tool to keep control of some stock I own.
Here is my issue.
I have a DRIP on the stock. My broker says the reinvested price of each
share was $26.4884, and they bo
On 2024-08-26 11:45, Boniforti Flavio wrote:
> am I right
> assuming that I should set the "Opening Balance" for both of my "vintage
> instrument" accounts (one in CAD and one in USD) according to what I have
> in my actual spreadsheet?
Murugan has already answered Yes. Since you said you're new t
Let's separate your questions. First deal with the basics and then the
currency issue.
Yes, as assets. If you buy and sell regularly (business) create a parent
"Inventory" under assets. If you are a collector and only sometimes
acquire or sell, you might call that "music collection" etc. In ei
¡Gracias Murugan!
F.
https://www.instagram.com/boniforti_music
https://soundcloud.com/boniforti_music
https://bonny-j.bandcamp.com
Am Mo., 26. Aug. 2024 um 21:01 Uhr schrieb Murugan Mariappan <
m.muruganan...@hotmail.com>:
> Your understanding is correct, you need to create an entry for opening
Your understanding is correct, you need to create an entry for opening balance
for your current stock in each currency.
Dr. Vintage Instrument Asset account(USD)
Cr. Equity
Dr. Vintage Instrument Asset account(CAD)
Cr. Equity
Saludos Cordiales
Murugan
Hi Murugan.
Thanks for your compliments :-) I've indeed a passion for vintage
synthesizers (but I also use/play them).
Thanks as well for the explanation on how to register such a transaction -
I tried and it works flawlessly.
Now another (maybe the last?!) question about this topic: am I right
as
Hi Brad.
I'm running GnuCash 5.8 on MacOS Sonoma 14.6.1
I think Murugan gave the right directions :-)
F.
https://www.instagram.com/boniforti_music
https://soundcloud.com/boniforti_music
https://bonny-j.bandcamp.com
Am Mo., 26. Aug. 2024 um 20:32 Uhr schrieb Brad Morrison <
bradmorri...@sonic.n
Hi Boniforti/GnuCash,
What version of GnuCash are you using? What operating system are you
using? https://gnucash.org/download.phtml
---
Thanks,
Brad - https://www.facebook.com/brad.morrison.12327/ &
https://norcal.social/@BradMorrison
On 2024-08-26 11:13, Boniforti Flavio wrote:
> Hi all.
First of all, hats off to you for your passion! Vintage instruments are
definitely valuable assets and should be captured as assets
You can keep two accounts or one asset account, it depends on what currency you
want to track the same.
When selling one of the instruments say bought in USD but s
Hi all.
I'm starting to set up my accounts on GnuCash and I'm actually stuck
understanding how (or even if) I should add the following.
I do own a music studio with a collection of vintage instruments. As the
whole gear is worth quite some k, I thought I'd add it as an asset. So
first questions her
On Sun, Aug 25, 2024 at 5:57 AM Pascal van Dongen <
pascalvandonge...@gmail.com> wrote:
> Hello everyone,
>
> I am quite new to GnuCash. After using it to keep track of my personal
> finances for a couple of months, I am now trying to get custom reports to
> work.
>
> Using ChatGPT I've made a cus
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