Is it really worth doing that in GNUCash? Every type of asset depreciates differently, and you have different types of depreciation (tax, resale, saving to replace).
Also, the value of your building for insurance might be replacement cost, which is very different from what you could sell it for. Our insurance is rebuild our 40-year-old house to current codes, which is much more than we could sell it for. See what your local accountant says. It can get complicated, and they might have an easier way to do it. On Sat, 18 May 2019 at 01:16, Peter Peterson <pastorpet...@gmail.com> wrote: > Thanks for the info. Iam doing the finance for our church and creche. > Things like computers, filing cabinets, musical instruments these > numbers say between R3000.00 to R30 O00.00 > Regards > Sent from my Huawei Mobile > > -------- Original Message -------- > Subject: Re: [GNC] Fix assets > From: "David T. via gnucash-user" > To: Adrien Monteleone > CC: gnucash-user > > Section 15.5 of the Guide enumerates fixed asset types, and chapter > 16 Depreciation goes into a bit of detail about this complex > subject. The broad concepts are covered there, but consulting with a > local expert is recommended in this area. > David > > On May 18, 2019, at 9:02 AM, Adrien Monteleone wrote: > > > > Of course. > > > > Unfortunately, the Help and Guide are sparse in their coverage of > this topic, but certainly, you can track any thing you can create > transactions for. > > > > You should probably speak to a local CPA to make sure you are > recording things in line with local laws, especially for tax > purposes, but the general procedure for transactions works just fine > for any asset, long or short term, as it does for anything else in > GnuCash. > > > > While there are no special asset features of GnuCash, (outside of > investment portfolios) you can enter transactions to record and > track value, as well as manage loans taken out on such assets like > mortgages. You can create or run custom reports to show you just the > info you want, with regard to that asset. > > > > Please describe in more detail (no numbers needed, or, fake > numbers are fine) what you are trying to accomplish and we’ll see if > someone here can aid you in creating the needed transaction entries. > > > > Otherwise, basic purchase, sale, and depreciation schedule > transactions can be entered in GnuCash very easily. > > > > Regards, > > Adrien > > > >> On May 17, 2019, at 10:13 PM, Peter Peterson wrote: > >> > >> Hi, is there a way that I can manage my fixed assets? To track > them. For > >> depreciation purposes? > >> > >> Regards > >> Peter > > > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- +++ Not as a ladder from earth to Heaven, not as a witness to any creed, But simple service simply given to his own kind in their common need. -- Rudyard Kipling _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
