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

[Alvaro Soliverez]

On Mon, Apr 18, 2011 at 12:15 PM, Michael Garrison Stuber
<garrisonstuber at garriber.org> wrote:
>
> From: Thomas Baumgart <thb at net-bembel.de>
>>> 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.
>
> Exactly.  This is outside incoming going directly into an investment.
> It isn't earnings from the investment, nor does it go into an
> intermediate account first.  While I could create an intermediate
> account and enter every transaction twice, this would be a pain, and it
> doesn't reflect the reality of what is occurring financially.
> Additionally, the investment account is available for on-line data
> import, which I'd like to be able to take advantage of.
>
> What I am doing at the moment is using an equity account because KMM
> won't allow me to use an income account.  It's technically wrong, but my
> reports are right, I don't have to enter things twice, and I can use the
> import feature.
>
> I'd much rather do this from an income account, as this would accurately
> reflect the transaction.
>

Well, it's conceptually wrong to use an equity account, plus operating
on equity accounts directly is not recommended and is a path that only
a few have walked.