2017-05-14 GnuCash IRC logs
00:08:37 *** mlncn has quit IRC
00:16:07 *** Mechtilde has joined #gnucash
00:19:36 *** Mechtilde has quit IRC
00:46:30 *** Mechtilde has joined #gnucash
01:49:42 *** Aussie_matt has joined #gnucash
01:52:10 *** fell__ has joined #gnucash
01:54:04 *** fell_ has quit IRC
02:15:28 *** Mechtilde has quit IRC
02:15:48 *** Mechtilde has joined #gnucash
02:24:19 *** Mechtilde has quit IRC
02:40:43 *** Mechtilde has joined #gnucash
02:51:27 *** tuxd00d has joined #gnucash
03:33:22 *** gjanssens has joined #gnucash
03:33:22 *** ChanServ sets mode: +o gjanssens
04:12:38 *** fabior has joined #gnucash
04:49:17 <gjanssens> .
05:18:44 *** bertbob has quit IRC
05:22:00 *** bertbob has joined #gnucash
07:07:07 *** User has joined #gnucash
07:09:57 *** fabior has quit IRC
07:24:58 *** Mechtilde has quit IRC
08:10:51 *** Mechtilde has joined #gnucash
08:47:06 *** storyjesse has joined #gnucash
08:57:47 *** fabior has joined #gnucash
09:02:05 *** storyjesse has quit IRC
09:03:22 *** nomeata has joined #gnucash
09:04:31 *** nomeata has quit IRC
09:48:05 *** fekepp has joined #gnucash
10:07:17 *** Mechtilde has quit IRC
10:13:00 *** Aussie_matt has quit IRC
11:31:51 *** Mechtilde has joined #gnucash
11:36:30 *** Mechtilde has quit IRC
11:53:10 *** Mechtilde has joined #gnucash
12:01:18 *** mlncn has joined #gnucash
12:43:26 *** Mechtilde has quit IRC
12:56:09 *** Mechtilde has joined #gnucash
12:59:23 *** Mechtilde has quit IRC
13:10:49 <vantage> Hi, I have an investment account with wealthsimple.com and I'm wondering how best to track it in gnucash. Unlike my index funds which show me how many shares purchased at what value, wealthsimple shows me each stock they've invested in on my behalf. Do I just enter each of these as stocks? How does that take into consideration their fees? Should there be some wealthsimple umbrella created with the stocks underneath?
13:13:17 *** Mechtilde has joined #gnucash
13:25:34 *** tuxd00d has quit IRC
13:28:52 *** weasel has quit IRC
13:32:21 *** Mechtilde has quit IRC
13:43:28 *** fabior has quit IRC
13:53:02 *** Artefact2_ has joined #gnucash
13:53:39 *** Artefact2 has quit IRC
13:59:13 *** weasel has joined #gnucash
14:22:41 *** fabior has joined #gnucash
14:30:01 *** frakturfreak has joined #gnucash
14:37:27 *** fell__ is now known as fell
14:37:57 *** gncbot sets mode: +o fell
14:39:19 <fell> vantage: If I understand https://www.wealthsimple.com/en-ca/details rigth, they are nu fund company but a trader.
14:39:51 <fell> Then you shoud record the ETFs they buy for you.
14:48:03 *** mlncn has quit IRC
14:54:52 *** Mechtilde has joined #gnucash
14:59:50 *** Heisenburg has joined #gnucash
15:50:28 <vantage> fell: I have the records of what they've bought for me and create those as stocks (that's how it should be done, right?). The part I'm unclear on is how to account for their fees, since it's taken out of the money invested or dividends.
15:51:38 *** Mechtilde has quit IRC
15:52:50 <vantage> fell: So I have transactions they've shown me of receiving my deposit, investing in certain items, dividends received, and fees paid to them
15:54:50 <vantage> fell: So in gnucash, I can take the money directly from my bank account and record it to the investments purchased. I could also create an account for wealthsimple (not sure what type), transfer the money there and then transfer from there to the purchases. But in either case, I'm not sure how to record the fees from them.
16:00:03 <fell> I would create under assets->wealthsimple->(bank, share A, Fund B, ...) because there might be a difference in date or you reinvest.
16:01:00 <fell> About the price I would follow their statement. (when do they charge you and for what?)
16:31:51 *** frakturfreak has quit IRC
16:36:14 *** bertbob has quit IRC
16:40:54 *** bertbob has joined #gnucash
16:44:01 *** tuxd00d has joined #gnucash
16:49:59 *** gjanssens has quit IRC
16:59:59 *** vantage has quit IRC
17:16:56 *** tuxd00d has quit IRC
17:21:08 *** flips has joined #gnucash
17:23:47 *** fabior has quit IRC
17:55:16 <flips> To credit a transaction to AReceivable/Some Customer, I have to enter an invoice? I can't enter it from the main ledger?
18:02:15 *** User has quit IRC
18:02:52 *** User has joined #gnucash
18:19:00 *** vantage has joined #gnucash
18:20:29 <vantage> fell: In your example, what is "bank"?
18:22:04 <vantage> fell: Unlike an index fund that roles the fees into your buy, they expose the fee as a separate charge, but it doesn't get billed to you separately. It either comes out of dividends or from purchases on your behalf. I'm not sure which they use yet.
18:22:22 <fell> an interim checking account to keep the money before it is spent on your commodities or returned.
18:23:11 <vantage> fell: ah, ok. So a catchall assest for wealthsimple, then a bank account for money I put into it, then transfer from that bank account to the individual purchases?
18:23:28 <fell> yep
18:23:48 <vantage> fell: So then when recording the fee, it would go against the bank account?
18:25:01 <vantage> fell: and to a wealthsimple expense?
18:26:51 <fell> If you know, it is related to a specific fund, you should put it in a txn related to the fund. Then the advanced portrfolio can use it.
18:28:48 <fell> From their site I didn't understand when and at which base they will charge you. (on purchases, yearly at depot value, ...)
18:30:07 <fell> At least their statement should it decribe.
18:31:29 <vantage> fell: I'm not sure either. I currently have the fee listed as an activity for May, but it doesn't say anything else. I get a report at the end of the month that will probably have the details. There were no fees from my first month with them in April.
18:31:50 <vantage> fell: The report just showed the deposit and all the purchases
18:32:05 <vantage> fell: But there were dividends paid as the transaction before it
18:33:44 <fell> Then I would wait for the report.
18:34:22 <vantage> fell: Ok. Think it's safe to setup the account as described in the interim?
18:35:11 <fell> you could temorary put it in expenses:capital gains:wealthsimple
18:35:23 <fell> or similar
18:35:58 *** pilotauto has joined #gnucash
18:37:23 <vantage> fell: Makes sense. I'll give it a go. Thanks!
18:37:37 <fell> Welcome!
19:11:58 *** jotrago1 has joined #gnucash
19:13:01 *** jotrago has quit IRC
19:13:02 *** jotrago1 is now known as jotrago
19:15:12 *** pilotauto has quit IRC
20:03:55 *** federvie1 has joined #gnucash
20:05:57 *** federvieh has quit IRC
20:13:33 *** User has quit IRC
20:58:51 *** pilotauto has joined #gnucash
21:18:21 <lmat> @tell gjanssens The first step is to get make check to pass on *master* :-)
21:18:21 <gncbot> lmat: The operation succeeded.
21:28:58 *** storyjesse has joined #gnucash
21:52:30 *** fell has quit IRC
21:52:35 *** weasel has quit IRC
21:52:38 *** weasel has joined #gnucash
21:53:10 *** fell has joined #gnucash
21:53:10 *** gncbot sets mode: +o fell
21:58:52 *** tuxd00d has joined #gnucash
22:01:04 *** tuxd00d has joined #gnucash
22:03:41 *** tuxd00d has joined #gnucash
22:11:19 *** mlncn has joined #gnucash
22:34:22 *** mlncn has quit IRC
23:06:22 *** tuxd00d has quit IRC