Setting up accounts to separate short and long term gain and loss

[Brucanna]

Read the below topic

Can Manager handle investment tracking?

I need to include the value of my employer’s share, bond and unit trust investments in the balance sheet. These investments are bought or sold fairly regularly. And the prices change daily, though in practice I only normally update the prices when I print a monthly report of their current valuation. How would you recommend is the best way to record this in Manager? Or would you consider producing a specific investment module?

@Indinfer

I don’t know in advance whether I would need to debit a long term cost of goods sold account or debit a short term cost of goods sold account

Under these conditions you don’t have cost of goods sold, you just have nett proceeds. Therefore upon disposal just change the custom income / expenses accounts for the Inventory Item to the same account.

If you forget to amend, no problem they will be highlighted in the “Stock Trades Clearing” section.