When we attempt to edit one of these entries, it is identified as an asset entry or a norman entry and is treated accordingly.Why do you need a money management worksheet? 1.3.x introduces an asset account or an entry for an asset in any account we desire. With assets, there is a similar behavior that we could not transfer money fron am asset to our accounts. Editing any transaction will automatically give us the appropriate dialog being a normal transaction or a share transaction, The other is the conversion of money to shares and are stored in the portfolio view. One dealing with real money that we transfer to it, or get money from it in the form of dividends. In the Share account, we maintain two types of transactions. On the other side of the stock equasion the stock entry in the portfolio view allows sub transactions in the form of share purchase or sales and link to share account to determine where the money came from. This allows us to transfer money from our stock to a normal bank account, because on the money side, the share account is the same as a bank account. We create a share account for the company stock. The same mechanism is used for Assets.įor stocks, there are two sides of the equasion. The creation of a Share account is made for simplification. This gives us the ability to transfer money to stocks or assets. In 1.3.x any transaction created for a share can be tied to any account. What is taken from one account is put into another. The transfer transactions act as a pendulium. Similar for Assets.Įxample: In 1.2.x we cannot transfer money to a stock or asset. The share account or share account entry links a share transaction entry to a normal transaction entry. The only way to do this is to associate a standard account to a stock/share or asset account. Therefore money cannot be passed from a standard account to a stock or asset. Stocks and Assets have a different behavior to the standard account transactions. The user interface may need refinements allow the forms to be more intuitive. Personally, I found the initial concept harder to use, interpret and maintain and the updated implementation, once converted, should be easier to maintain. If you have added extra shares against the same company, this becomes more difficuly, because all the shares belong to the same company. If you have used the Stocks as companies with single transactions, then the conversion becomes easy. I am not sure how you have implemented the existing data. Depending on the type of transactopn you either add or subtract shares from a stock in a portfolio or you make transactions with the company in transfering money to or from that company in the form of purcgase, sale or dividends recieved. Transactions are performed against a company(stock) in two ways. A collection of stocks, creates a portfolio. Stocks and shares is a more complex problem because companies (Stocks) contain shares. Even removal of shares now become easier to mailtain. Addition of new shares now becomes more intuitive and easier to manage. If like me, you created another account for each bundle of shares, all these accounts now need to be removed and created as transactions to a base stock. I agree that this has created an issue for some users because how the implementation was interpreted and used will become more complex to upgrade the data. The current database structure, it has been extended and has eliminated the ambigious usage of the portfolio view. Fo me this was a confusing and difficult concept as the screens and reports would show individual share packets, and not the total shares for this company. Updating a current share price was also difficult since all shares belonging to the same stock should have the same price. Obtaining extra share purchases to the same Stock account required me to create another stock, which to me was confusing. Linking these together was always an isue. Allocating funds to purchase shares again was difficult, and the dividend handling required a term account. Using stocks was always an issue with me because adding more shares to a stock was dificult to manage.
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