Malcolm Ziman
Level 10

Reports and accounting

 


@nb_se wrote:

Example, I sell $10,000 and it is clear that $3,000 of it is capital gains.  The investments is an account,


The investments account s/be an Asset type account

When you buy stock you put it into this account, using an Expense transaction

When you sell it, use a Deposit transaction for the proceeds and split it into 2 lines; 1st line is the cost $7k to zero out the asset account, 2nd line is the profit $3k, to an Other Income-type account called "Gain on sale of stock" or similar.