Don’t let the detail disuade you. I was just being as thorough as I could
muster. Even without knowing where everything is, the entire setup shouldn’t
take more than about 15–30 minutes. (maybe a tad longer if you have lots of
opening entries you need to make for current holdings, or if you want
On 2/28/2019 10:01 AM, Gary Holtum wrote:
Adrien,
Thank you for the detailed response. I will work on the steps you describe but
I am beginning to think GnuCash is not suited for providing the data I would
like. Maybe an Excel spreadsheet would be easier. Thanks again for your
expertise.
Gar
: gnucash-user
[mailto:gnucash-user-bounces+diamondhranchqh=earthlink@gnucash.org] On
Behalf Of Adrien Monteleone
Sent: Wednesday, February 27, 2019 11:35 AM
To: gnucash-user
Subject: Re: [GNC] Accounting for gold coins
Gary,
1. Turn on Trading Accounts.
File > Properties > Accounts
Gary,
1. Turn on Trading Accounts.
File > Properties > Accounts > Use Trading Accounts
2. Set full transaction view options. (I find this helps to see everything
about a transaction and to better understand double-entry)
View > Transactions Journal (optionally, View > Double Li
Gnucash by policy uses the ISO currency definitions, which precludes any
additions or extensions. And yes, this had been discussed before. Workarounds
have focused either on treating metals like any other commodity, as you have
done here, or by loading your alternative (e.g., bitcoin) on an unu
On
Behalf Of Adrien Monteleone
Sent: Tuesday, February 26, 2019 7:46 PM
To: gnucash-user
Subject: Re: [GNC] Accounting for gold coins
Since XAU and XAG are one-ounce quotes, I simply enter them as their own
currency unit.
So if I buy a 10oz. bar of silver, I’d enter it in the XAG account as 10
Since XAU and XAG are one-ounce quotes, I simply enter them as their own
currency unit.
So if I buy a 10oz. bar of silver, I’d enter it in the XAG account as 10.00.
(because I have trading accounts turned on, GnuCash will create the USD
equivalent splits for me and auto-balance them)
If I buy
Adrian - How do you enter them in ounces?
Gary
-Original Message-
From: gnucash-user
[mailto:gnucash-user-bounces+diamondhranchqh=earthlink@gnucash.org] On
Behalf Of Adrien Monteleone
Sent: Sunday, February 24, 2019 9:51 AM
To: gnucash-user
Subject: Re: [GNC] Accounting for gold
On 2/24/2019 9:35 AM, Joseph Vernice wrote:
Treat the gold coins as investments just like stocks. Instead of
shares just use your unit of purchase (ounces, grams, etc.).
On 2/24/2019 9:30 AM, Gary Holtum wrote:
I purchased 3 lots of gold bullion coins at different times at different
prices. I
Gary,
I turned on Trading Accounts and set them in their own account with XAU as the
currency. (not exactly the best price source, but it saves me having to look it
up and it is ‘close enough’ for estimating net worth until I decide to sell
them)
I entered them in the account as ounces.
I did
Treat the gold coins as investments just like stocks. Instead of shares
just use your unit of purchase (ounces, grams, etc.).
On 2/24/2019 9:30 AM, Gary Holtum wrote:
I purchased 3 lots of gold bullion coins at different times at different
prices. I physically have the coins. I want to keep tr
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