Thank you Mr. King for your response. My question is not about accounting principles but more so how do I do that in GC. When I go to “Process Payment” the only thing available to “Post To” is “Assets:Accounts Receivable”. I cannot put anything else in there nor can I put multiple accounts in there. Also in the “Transfer Account” section I can only choose one account. However, in processing a payment it should normally debit a cash account but having the freedom to debit or credit any account would be useful.
Then I went to create an invoice and in the "Invoice Entries” section I can only select and Income Account in the “Income Account” column. I tried to type in an equity account like “Equity:Opening Balances:Caleb Startup Capital” and the program said that the account did not exist. I have followed these same examples in A/P as well to no avail. Is there a config file I need to edit to allow me to get out of this “jail” where the program is forcing me to shoe-horn my processes? I also cannot find a way to do a “split transaction” yet. I am still looking though. > On Dec 8, 2017, at 1:11 AM, Maf. King <m...@chilwell.net> wrote: > > Hi Caleb, > > welcome to the list. Answers inline... > > On Thursday, 7 December 2017 17:56:18 GMT Caleb Walker wrote: >> Hello All, >> >> I am trying to use GNUCash like I use Sage 100 understanding it is not as >> full featured as Sage but might be ok with another business I am starting. >> What I would like to do is make payments to something other than AP or >> receive invoices to something other than AR. Is that possible? > > Yes. if a transaction isn't a AP purchase, why would you shoe-horn it into > AP? EG. you buy something with cash. the transaction is Assets:CashOnHand -> > Expenses:Whatever, which you can record perfectly easily in GC. > >> One >> example, I made a payment to my landlord and part of it was a deposit which >> I would like to go into an asset account and the other part is rent which >> would go into an expense account. How do I do that with this software? > > You'd need a "split transaction", so £100 from Assets:Bank can be split to > any > other number of accounts - eg £30 to assets:landordDeposit, and £20 to > Sales:tax and £50 to expenses:rent > >> Another example, I received cash into the account that I would like to tie >> into an equity account to show owners startup capital. How do I easily get >> the money over there? Thank you for your help > > Assets:Bank <- Equity:OwnerCapital:CalebWalker would be one way. > > I suggest you give an hour or two to the tutorial & concepts guide at some > point which will cover these questions in more depth. See > http://gnucash.org/viewdoc.phtml?doc=guide > > Good luck with your new venture. > Maf. > > >> >> Caleb >> _______________________________________________ >> gnucash-user mailing list >> gnucash-user@gnucash.org >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> ----- >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. > > > -- > Maf. King > PGP Key fingerprint = 8D68 A91F 733B 2C1F 43B7 2B7C E591 E8E1 0DE7 C542 > > > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
