Thanks for the information and suggestion David. Not on any kind of a significant scale, just a one person operation making a modest living. I own and am using an old version of Sage 50 currently (and happy with it!), but they want $600 annually for the “subscription” service now offered. My version is having problems getting “authorized” by Sage when i open the program and it will not work when i switch to Windows 11. I do not make enough to justify $600 for accounting software, but i may be my only option. I am looking for a free or at least reasonably priced alternative.
take care, fred > On Mar 17, 2022, at 5:26 PM, davidcousen...@gmail.com wrote: > > Frederick > > GnuCash also does not have support for full cost management accounting as well > as not having inventory accounting which is just one component of cost > management accounting. It requires a different form of jobs from that > implemented in the business features. It can be done manually with the kludges > others have mentioned. If your manufacturing is on any significant scale you > may > be better served getting a commercial accounting package which has that > support. > It will cost but it will likely save you money and time in the long run. > > David Cousens > > > > On Thu, 2022-03-17 at 16:50 +0000, davidvernonl...@gmail.com wrote: >> 2. Question about Assemblies (Frederick) >> There is no inventory accounting in GnuCash, so if you need to hold parts in >> inventory in numbers of units together with their cost per until, whether on >> average cost or on FIFO basis, which then build assemblies, I cannot see how >> this would be possible. >> David >> >> -----Original Message----- >> From: gnucash-user >> <gnucash-user-bounces+davidvernonlong=gmail....@gnucash.org> On Behalf Of >> gnucash-user-requ...@gnucash.org >> Sent: Thursday, 17 March, 2022 4:00 PM >> To: gnucash-user@gnucash.org >> Subject: gnucash-user Digest, Vol 228, Issue 33 >> >> Send gnucash-user mailing list submissions to >> gnucash-user@gnucash.org >> >> To subscribe or unsubscribe via the World Wide Web, visit >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> or, via email, send a message with subject or body 'help' to >> gnucash-user-requ...@gnucash.org >> >> You can reach the person managing the list at >> gnucash-user-ow...@gnucash.org >> >> When replying, please edit your Subject line so it is more specific than >> "Re: Contents of gnucash-user digest..." >> >> >> Today's Topics: >> >> 1. Re: IRA/401K income detection (Michael or Penny Novack) >> >> >> ---------------------------------------------------------------------- >> >> Message: 1 >> Date: Thu, 17 Mar 2022 10:29:14 -0400 >> From: Michael or Penny Novack <stepbystepf...@comcast.net> >> To: "D." <sunfis...@yahoo.com> >> Cc: Gnucash Users <gnucash-user@gnucash.org> >> Subject: Re: [GNC] IRA/401K income detection >> Message-ID: <f9bc13aa-db83-5b07-66ec-1d27c22f9...@comcast.net> >> Content-Type: text/plain; charset=UTF-8; format=flowed >> >> On 3/16/2022 8:49 PM, D. wrote: >>> Michael, >>> >>> I think I get what you're saying. In my own case, I've taken to >>> separating the pretax streams into their own income accounts, which >>> seemingly addresses some of your points. >>> >>> But one of the big selling points of IRA/401Ks is that they earn money >>> tax deferred (which I've also isolated into their own income >>> accounts). How does Joe allocate the distributions-- or does it even >>> matter? Each distribution is going to include a portion of deferred >>> income and a portion of untaxed dividends (at least how I've captured >>> the txns thus far). Is there a different way to manage those dividends? >> >> If the contributions are all "pre-tax" then they are "deferred income" . >> The "deferred income" account would have been used when you entered the >> transaction for a contribution. >> >> What the account has earned is also all "deferred income". If you were >> entering transactions to record the increase in value of your 401K, that >> would have been the other side of the transaction. Note that it is "deferred >> ordinary income? and not "deferred capital gains" >> >> If the 401k existed before you began with gnucash, the probable cause was >> entering the starting balance using the "tool" (so other side "starting >> equity"). It should have been "deferred income" << you could still use the >> tool -- when you created "deferred income" (probably under >> equity) with the same starting value that would have taken it out of >> "starting equity". Understand? Yes "deferred income" is part of your equity >> but it is different than your other equity because it has an attached tax >> liability. >> >> Michael D Novack >> >> PS? --- Bears repeating, but a "manual" is not a "user guide". We really >> should not be advising users about things like this. In other words, the >> question isn't "how do I enter transactions related to a 401k" but "what >> accounts, what transactions, would I be using when accounting for a 401k". >> That's for a tax accountant to tell you, or you look it up. I am not legally >> qualified to answer "tax accountant" sorts of questions. >> >> >> >> ------------------------------ >> >> Subject: Digest Footer >> >> _______________________________________________ >> >> 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. >> >> >> ------------------------------ >> >> End of gnucash-user Digest, Vol 228, Issue 33 >> ********************************************* >> >> _______________________________________________ >> 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. 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