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 Post subject: Precious Metals
PostPosted: Fri Jan 06, 2012 11:15 am 
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Joined: Sat Nov 19, 2011 4:41 pm
Posts: 22
I ran into a problem creating accounts for i.e precious metals.

Lets say I bought gold for USD 1000 and silver for USD 1000 one year ago.

Lets asume gold is now worth 1200 but silver 900.

While I have my purchase price in the accounts I would like to create a profit/loss account where I would create a transaction + 200 for gold and -100 for silver.

So my total in the precious metal account would be 2100 (1000+1000+200-100).

The problem is that if I create an asset account no negative numbers are allowed, the same goes with a saving account.

How can I bypass this problem, what kind of account(s) would I have to create to get positive and negative numbers into an asset account.

The easiest way I thought about was adding a minus - before the value but this does not work.

Thanks in advance
Tom


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 Post subject: Re: Precious Metals
PostPosted: Fri Jan 06, 2012 7:29 pm 
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Joined: Wed Dec 28, 2005 9:13 pm
Posts: 6743
One solution would be to create an income account and add transactions to debit that account and credit your gold account. That would be something like this.


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 Post subject: Re: Precious Metals
PostPosted: Wed Jan 11, 2012 5:31 pm 
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Joined: Sat Nov 19, 2011 4:41 pm
Posts: 22
Hi Stan !

Okay, that workaround did actually work.
I´ve read that you are working on some protfolio things.
Will they include a true solution for my problem?

Cheers
Tom


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 Post subject: Re: Precious Metals
PostPosted: Mon Jan 16, 2012 9:41 am 
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Joined: Wed Dec 28, 2005 9:13 pm
Posts: 6743
I believe so but since the feature doesn't exist yet we will have to wait and see.


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