Hello, I am trying to set up an investment account and then record "unrealized gains/losses" separately. Please tell me how to set up and then debit/credit this account.

Hi @danielle30 , you could 

create an asset or sub asset account for the investments, named unrealized gain on investments. Create an equity account named similar. a journal entry for an increase in value : debit asset unrealized gain on investments and credit equity unrealized gain on investments. For a decrease in value : debit equity unrealized gain on investments and credit asset unrealized gain on investments. When the gain are realized, you could decrease unrealized gain and same for the opposite. Comment below, cheers.

So, does my situation need to use an equity account or something else?  My nonprofit had a chunk of money just sitting in their savings account and decided to invest it in a mutual fund.  Now we've reached the end of the fiscal year and want to reflect its growth in the financials.  Do we still use an equity account?