Together with alle the previous posts this final explanation helped a lot. I finally feel equipped to start building my own scheme or know where to add my own accounts to the existing logic of GnuCash.
Thanks to Frank, Adrien, David and Liz! > Op 9 aug. 2019, om 12:38 heeft David Cousens <davidcous...@bigpond.com> het > volgende geschreven: > > Frank, > > I think the term Balans accounts will refer to Assets , Liability and Equity > accounts while Gain and Loss accounts will refer to Income and Expense > accounts. > > In accounting the latter are known as temporary accounts as they record the > income and expenses for the current accounting period and are used to > calculate the profit or loss for that period. In the end of period closing > calculations, this is usually transferred to an Equity:Retained Earnings > account to reflect the change in equity produced by that profit or loss. > > The Assets Liability and Equity account balances on the other hand show the > overall long term position of your accounts at the date the balances are > taken. > > David Cousens _______________________________________________ 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.
