On 07/05/2017 15:30, Frank H. Ellenberger wrote: > Hi, [JohnR not Wm said] > Am 03.05.2017 um 02:11 schrieb Wm via gnucash-devel: > 8X--- >> I'll stipulate that Stock and Mutual Fund behave exactly the same, as do >> Bank and Cash, so those four should be collapsed into two. > > In theory the is a difference, but currently not implemented in GnuCash > between Bank and Cash: > > Cash must never be below zero.
That is not an issue in accounting. It is an issue in banking, it is an issue in business and personal finance. But in accounting? Nope. Accounting does not care. I've also just checked and my actual gnc Cash account has sometimes gone into the apparent red when I've recorded transactions in a natural order. e.g. out for a meal, I pay, people give me the money. are you really saying in accounting a Cash account must never be below zero? It happens all the time in real life ... and accounts should reflect not dictate, after all. It is possible people use these differently[1], but I think if gnc prevented the entry above it would upset people. [1] I call what is in the pockets of my clothing a Cash account and don't think it needs a new name, it is the cash I have on me. IMO the Asset and Liability types are over divided. Unless they are doing something useful they should be consolidated longer term. Also it is silly in modern banking, my current account provider offers me a free overdraft. If I use that ofverdraft facility does my account change from a Cash account to a Bank account in gnc? No. The definition is artificial. In summary I disagree strongly with Frank and say differences between Cash and Bank should be removed because they do not reflect natural accounting. I say further that issues of very personal finance like "your cash cannot go below zero" are issues that gnc passed by when it stopped being a personal finance nanny copy of another piece of software. -- Wm _______________________________________________ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
