I've finally figured it out, one of those John Ralls comments that leaves you scratching your head.
Anyway, with covid and all, I'm starting to understand a bit more about the accounting side of shares. Apparently, dividends and distributions are different https://blog.stockspot.com.au/dividend-vs-distribution/ explaining why despite using cash accounting my accountant always insists on including certain receipts in the previous tax financial year (and don't worry about putting it in your books, just give me the reports showing the $100/yr income). So I posted about Tax Accounting for Trust Income Received in Following Fiscal Year ( https://lists.gnucash.org/pipermail/gnucash-user/2021-July/097173.html) and contra accounts, and I've worked out how to show it on an Income and Expense reports for tax purposes. Distribution workflow: * Transaction in Bank Account From ETF Distribution first quarter of new fy * Import Bank Statement Bank Account <- Income:Distribution * Duplicate Transaction * Change transaction to Liability:Contra:Distribution <- Income:Distribution * Change Duplicate date to end-of-previous-fy * Change Duplicate to Bank Account <- Liability:Contra:Distribution Dividend workflow: * Import Bank Statement Bank Account <- Income:Dividend * Add Franking [Tax] credit split from Liability:Contra:Franking * Zero Liability:Contra:Franking at eofy That distribution workflow is pretty fiddly and error-prone for a clueless bookkeeper and I'm wondering if there is a simple way of doing it. I'd like to go through and mark a contra-tax action against the bank account split then run a process to fix it up. Do you use a better workflow? Is there a simple way to flip accounts with respect to Income/Expenditure? If not I'm inclined to do a piecash script. Could the python bindings do it better? Now, that comment about 30 years' worth of books (flaming expected if number's wrong). He's probably not anal about expenditure, more likely keeping account of asset expenditure. _______________________________________________ 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.
