On Sat, 12 Feb 2000 09:18:56 +1100, the world broke into rejoicing as
Robert Graham Merkel <[EMAIL PROTECTED]> said:
> Rob Browning writes:
> > Buddha Buck <[EMAIL PROTECTED]> writes:
> >
> > > $1000 is coming from your income, and going into checking and taxes.
> >
> > That's how I've always thought about it (and represented it), but I'm
> > sure I have no idea if it's financially "correct"[1].
> >
> > Anyone?
> >
> > [1] I'd love to see our docs slowly evolve a section discussing stuff
> > like this. As long as we have suitable disclaimers, would we (all) be
> > reasonbly safe from liability? I figure with enough clueful people
> > looking at/correcting the text, we could eventually have something
> > quite helpful, and we've already got some docs like this now.
> >
>
> IANAL, but surely our documentation is covered by the same GPL as the
> rest of the software - so if that section of the GPL holds we're safe.
>
> The odd additional warning in the documentation (ie if this matters
> to you, get some accountancy/legal advice) would be appropriate.
Take a look at the page on Depreciation and Capital gains;
.../gnucash/Docs/En/xacc-apprdepr.html, notably:
<p> <b> Warning:</b> <em>Be aware that different countries can
have <b> substantially</b> different tax policies for handling
these things; all that this document can really provide is some
of the underlying ideas to help you apply your "favorite"
tax/depreciation policies.</em></p>
There is probably some merit to putting more "weasel words" in
elsewhere.
For a writeup specifically on the handling of things like paycheques,
see:
xacc-expense.html
particularly:
<p> When, for instance, salary is deposited in a bank account,
the bank account is credited, and the income account is
debited, thus:</p>
<table>
<tr>
<th>Account</th>
<th>Debit</th>
<th>Credit</th>
</tr>
<tr>
<td>Chequing Account</td>
<td>1,600.00</td>
<td>
</td>
</tr>
<tr>
<td>Salary</td>
<td>
</td>
<td>1,600.00</td>
</tr>
</table>
<p>This may be readily extended to a greater number of "split"
items thus:</p>
<table>
<tr>
<th>Account</th>
<th>Debit</th>
<th>Credit</th>
</tr>
<tr>
<td>Chequing Account</td>
<td>1,300.00</td>
<td>
</td>
</tr>
<tr>
<td>Income Taxes</td>
<td>200.00</td>
<td>
</td>
</tr>
<tr>
<td>Health Plan</td>
<td>100.00</td>
<td>
</td>
</tr>
<tr>
<td>Salary</td>
<td>
</td>
<td>1,600.00</td>
</tr>
</table>
<p> There may be a whole lot more than two entries in the
transaction, but the total sum of the Debits, $1,600.00, still
equals the total sum of the credits, $1,600.00.</p>
This stuff is already in CVS, and has been since near the end of last
year.
--
Rules of the Evil Overlord #21. "I will design all doomsday machines
myself. If I must hire a mad scientist to assist me, I will make sure
that he is sufficiently twisted to never regret his evil ways and seek
to undo the damage he's caused."
<http://www.eviloverlord.com/lists/overlord.html>
[EMAIL PROTECTED] - - <http://www.ntlug.org/~cbbrowne/lsf.html>
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