[Kmymoney-devel] Re: Security Purchases from an Income Account

[Alvaro Soliverez]

On Sun, Apr 17, 2011 at 12:20 PM, Thomas Baumgart <thb at net-bembel.de> wrote:
> Hi Alvaro Soliverez,
>
> on Sunday 17 April 2011 12:45:10 you wrote:
>
>> On Sun, Apr 17, 2011 at 5:18 AM, Thomas Baumgart <thb at net-bembel.de> wrote:
>> > Hi,
>> >
>> > on Sunday 17 April 2011 00:56:01 Michael Garrison Stuber wrote:
>> >> Greetings!
>> >> I have a set of account I track where income is paid directly into a
>> >> mutual fund.  There is no brokerage or sweep account.  KMM won't allow
>> >> me to use an Income account as the source account when funding a
>> >> security purchase.  This leaves me with two options:  (1) create a
>> >> imaginary sweep account, and then put in two entries for each purchase,
>> >> one from the income account to the sweep account and another for the
>> >> security purchase, funded from the sweep account; (2) use an equity
>> >> account instead of a sweep account.
>> >>
>> >> At the moment I've opted for #2.  Of course the fact that KMM won't let
>> >> you create an equity account (see other email) makes this difficult, but
>> >> assuming you're willing to repurpose the opening balance account or edit
>> >> the XML by hand, it seems to work.
>> >
>> > Ah, there's the use case (never mind, I should read all my mails before I
>> > start answering).
>> >
>> >> To me, both of these approaches are suboptimal.  Is there a design
>> >> reason that investment transactions can't pull directly from an income
>> >> account?
>> >
>> > Not that I know of. Would it help to show the categories as well in the
>> > Account selector of the investment transaction editor? At this point, I
>> > have no idea about the impact on the reporting system.
>>
>> How about the reinvest dividend transaction? Doesn't it do exactly
>> that? (income to stock account)
>
> Yes, but doesn't that screw up the performance reports? I think Michael is
> using that to buy stock out of his gross payment from an employer which is
> gross salary and not a dividend.

In that case, the best is to use an intermediate asset account, from
which then you make a transfer to the investment account.

That's what I did when I had that happen in my salary.