Apologies, my complaint was about General Leger... On Sat, Dec 11, 2021 at 5:02 PM Adrian Yong <adrianyong.88p...@gmail.com> wrote:
> Hi David, > > I asked for the same thing but was told that since entries are made using > the double entry system, Assets = Liability + Proprietorship is complied > with... > > I download the transaction report and used that as a basis to generate my > balance sheet using excel... Those accounts without transactions in the > accounting period will have their balances brought forward ie. Equity... > > Regards, > Adrian > > On Sat, 11 Dec. 2021, 11:42 Dr. David Kirkby, < > drkir...@kirkbymicrowave.co.uk> wrote: > >> I realise this is not something the developers can realistically do, but I >> wonder if anyone has configured GnuCash to produce a balance sheet that >> looks like one that would be submitted to Companies House in the UK? (I >> attached a copy of mine, without obfuscating it, since the data can be >> found online at Companies House). >> >> Whenever I pick up a book on accounting, it normally shows something like >> this. >> >> 1) Adds up all the fixed assets, and gives a total for fixed assets. >> 2) Adds up all the current assets, and gives a total for current assets >> 3) Adds the fixed and current assets to get a total of *all *assets >> >> That all seems very logical to me. >> >> *But a balance sheet submitted to Companies House does not show the total >> assets.* One would have to get a calculator out to work them out, by >> adding >> the fixed assets and current assets. I thought this very weird, and >> perhaps just a bizarre way my accountant produces the balance sheet, so I >> checked another UK company. That was exactly the same. The balance sheet >> is >> prepared in accordance with FRS 102. That's a 404 page document >> >> >> https://www.frc.org.uk/getattachment/69f7d814-c806-4ccc-b451-aba50d6e8de2/FRS-102-FRS-applicable-in-the-UK-and-Republic-of-Ireland-(March-2018).pdf >> >> with numerous amendments (some related to coronavirus). Realistically, >> that's only going to be readable by someone with a good knowledge of >> accounting - not an engineer/scientist like me. So I did not bother >> looking >> at that. >> >> Looking down the balance sheet for my company I see the following in order >> >> 1) Tangible Fixed Assets >> 2) Current Assets >> 3) Creditors amounts falling due within one year. >> 4) Net current liabilities (that's equal to #2 - #3) >> 5) Total assets less current liabilities (that's #1 + #2 - #3) >> 6) Provision for liabilities - I can't work out how that's calculated, >> but >> I see it is of uncertain timing and amounts. I guess I should ask my >> accountant how he came up with the figure. (*With the usual disclaimers, >> does anyone know whether that would be sensibly listed in GnuCash as a >> liability, despite its only an estimate?*) >> 7) Net assets (I can't work out how that's arrived at) >> 8) Shareholders - same as net assets. >> >> I think I will write myself a computer program, that tries every >> combination of figures to arrive at others. I think if I add every >> combination, I will get there eventually. I have a computer with two >> 26-core CPUs and 384 GB RAM, so I should just about have enough computer >> power. 😂 >> >> I'm thinking there's a good chance that someone in the UK has decided to >> make his/her balance sheet the same, despite it seems rather obscure. >> >> Dave >> _______________________________________________ >> 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.
