Accounts settings

The Accounts Settings dialog allows you to specify the accounts used for different investment transactions, such as sales, valuation adjustments, and other investment-related entries.

These accounts are used by the Investment Accounting extension when it automatically calculates or creates accounting transactions, ensuring that the appropriate accounts are used for each type of operation.

You do not need to specify every account, only those required for your accounting setup. The accounts entered in the dialog must exist in the Accounts table. If an account does not exist, the program displays an error message when you try to confirm the settings.

Sections in the Dialog and Account Usage

The dialog is divided into three main sections.

Balance Accounts

This section contains the Balance Sheet accounts associated with investments and other investment-related balances.

• Assets 
  Contains the accounts used to record investment assets.
  The first time you open the dialog, the program automatically fills this field with the Investment Balance Sheet Accounts specified in the Asset Account column of the Items table.
• Liabilities
  Contains the accounts used for investment-related liabilities, such as margin loans or other financial obligations.
   

Value Changing Accounts

This section contains the accounts used to record realized and unrealized gains and losses, exchange rate differences, and other adjustments affecting the value of investments.

• Realized Gain: Account for recording realized gains from investment sales.
• Realized Loss: Account for recording realized losses from investment sales.
• Unrealized Gain: Account for recording unrealized gains due to an increase in the market value of investments.
  Used by the Create adjustment transactions command.
• Unrealized Loss: Account for recording unrealized losses due to a decrease in the market value of investments.
  Used by the Create adjustment transactions command.
• Realized Exchange Rate Gain: Account for recording realized exchange rate gains arising from the sale of investments denominated in a foreign currency.
• Realized Exchange Rate Loss: Account for recording realized exchange rate losses arising from the sale of investments denominated in a foreign currency.
• Unrealized Exchange Rate Gain: Account for recording unrealized currency gains due to favorable exchange rate movements.
• Unrealized Exchange Rate Loss: Account for recording unrealized currency losses due to unfavorable exchange rate movements.
• Depreciations: Account for recording investment depreciation adjustments, if applicable.
• Other Value Changing Costs: Account for miscellaneous expenses affecting the value of investments.
• Other Value Changing Income: Account for miscellaneous income affecting the value of investments.
• Rounding Differences: Account for small discrepancies due to rounding or decimal precision differences.

Profit and Loss Accounts

This section contains the accounts used to record income and expenses related to investment activities.

• Charges: Account for general investment-related charges and fees.
• Commissions: Account for broker or bank commissions on investment transactions.
• Interest Earned: Account for interest income from bonds or other financial instruments.
• Interest Paid: Account for interest expenses related to investment loans or margin trading.
• Dividends Income: Account for dividend income received from investments.
• Other Income: Account for any additional investment-related income not classified elsewhere.
• Other Costs: Account for any additional investment-related costs not classified elsewhere.

Error Messages

• Account XXX not found in the Accounts table: The account entered does not exist in the Accounts table.
  • Add the account to your Accounts table.
  • Select the “Ignore warnings/errors” checkbox at the bottom of the dialog to ignore the error.