Accounting question

[OxygeN]

Hi.
I hope somebody can give some indications on how to account for some transactions. Let's start with the first one:

I have a sum on my account called "UBS investments", which is the result of the opening balance (01.01.2024 - when I started to use the accounting software) plus 8 monthly additions (I was doing DCA). Now last month I decided to close all my positions at UBS and move them over to IBKR. The process of course involved selling every position at UBS and the cash was then put on my checking account. The amount I retrieved was greater than the balance of my "UBS investments" account in my accounting software. So the first practical question is: how do I update the balance to reflect the one on the date the positions were closed? I think I have to add a transaction into the "UBS investments" account which increases the balance up to the final value (when selling). But as in double-entry accounting every transaction involves at least 2 different accounts, I now don't know where I would take the money from. Do you think it would be correct to take this money from an "Income:Investments income" account?

Thanks!

 

[Baptiste Wicht]

Hi,

This is probably showing the limits of double-entry accounting for such operations.
The only way I see of doing it is adding a "capital gains" account and then using when you sell so that you can reflect the actual balance. And this will also let you track your capital gains.