[kmymoney] [Bug 408692] Entry of Investments

[bugzilla_noreply at kde.org]

https://bugs.kde.org/show_bug.cgi?id=408692

--- Comment #2 from southern.wolf.01 at gmail.com ---
(In reply to Jack from comment #1)
> Just a very quick first response - you need to give a bit more details on
> exactly what you are trying to do.  You really need to understand that in
> KMyMoney, and investment account can only hold securities/equities, and that
> any cash must be in an associated Brokerage (checking, for example) account.
> What is often thought of as an actual investment account (with an investment
> company for example) matches to a pair of accounts in KMyMoney, not just the
> investment account.  If your company makes a cash deposit into your 401K
> account, in KMM that is done with a deposit into the brokerage account.  If
> the company makes an outright grant of stock, that is done with "Add Shares"
> in the investment account.  The requirement for cash to come from or go to
> someplace will not be dropped - it would violate the norms of double entry
> bookkeeping.  However, the cash coming into a checking account (or brokerage
> account) can come from a Payee.  If you are going to buy stock in an
> investment account, you need to pay for it with cash from the brokerage
> account.  Simply doing an "Add shares" does not require any cash.  Also note
> that the brokerage account is not necessarily a real bank account.  It is
> used to track the cash holdings in the investment account.  (This may change
> in a future version of KMM, but although it has often  been requested and
> discussed, it is not likely to happen very soon.)
> 
> Please let us know if this helps or not.

Thanks for responding Jack,

The 401k I have through our company holds securities/equities. However I
shouldn't have to first create a brokerage account in KMyMoney, add in money
from the company I never see into that account, only to then transfer it out
into an investment account to be able to track my company funded investments.
That would just take extra time for each and every investment made.

Being able to just enter the Activity, Security, Shares, Price, & Total Amount
would be so much simpler. It also would also not clutter up the "Assets" side
of the homepage with multiple brokerage accounts (401k & Pension for me, and my
wife also has a couple of accounts to track).

By simply "adding shares" there is no way to know what my average share price
is since the quantity and price never get entered.

I do understand where you are coming from with the double entry bookkeeping. 
We also run a small business on the side of our regular jobs, and having the
"option" to select an account is great for when we make deposits into our Roth
IRA from our checking account.

Please let me know if you need more information on what I am trying to
accomplish.

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