Boniforti, I am not a maintainer/moderator of this list.
The challenge with accounting questions is the accounting standard being used. For someone who is new to accounting, it seems as though there should be one "right" or "best" answer, but often the "right" or "best" answer is situational, and depends on factors such as the organization and accounting standard being applied. Even then, goals and objectives might differ, and thus when there are options, the "best" choice is a management decision. If someone asks, "How do you personally do this..." then you avoid the challenge, but then you may not be so certain of what went into the decision the person made. Someone might say, "Here is how I account for this given transaction..." or "Here is how I would account for a transaction if I were in your situation...", and that may be helpful for you. After gathering up a bunch of data, analyze it, and then the way to get best advice for your situation is to take your information to a professional who can and will represent you. In summary, there are major problems with getting accounting advice on the internet, and following poor advice could be very costly in the future. > On 09/29/2024 11:41 AM PDT Boniforti Flavio <bonifort...@gmail.com> wrote: > > > Hi Stan - I know this is a GC mailing list and not an accounting one. This > is simply my best way to learn something and get helpful information. If > these kinds of questions are OT here, then please excuse me and I'll search > somewhere else for information. > > Thanks to everyone replying to my initial question, even though I didn't > reply to every single email in this thread. > > F. > > https://www.instagram.com/boniforti_music > https://soundcloud.com/boniforti_music > https://bonny-j.bandcamp.com > > > Am So., 29. Sept. 2024 um 01:06 Uhr schrieb Stan Brown (using GC 4.14) < > stan...@fastmail.fm>: > > > On 2024-09-28 14:07, Boniforti Flavio wrote: > > > I would enter it as follows (let's assume the real estate total cost is > > > 500k): > > > > > > Assets:Fixed Assets:Real Estate - increase 300k > > > Liabilities:Loans:Mortgage Loans: - increase 300k > > > Assets:Fixed Assets:Real Estate - increase 150k (downpayment) > > > Assets:Current Assets:Checking Account - decrease 150k (downpayment) > > > Assets:Fixed Assets:Real Estate - increase 50k (reservation) > > > Assets:Current Assets:Checking Account - decrease 50k (reservation) > > > > You do realize this is an accounting question, not a GnuCash question, > > right? But there is a GnuCash feature you may not be aware of. > > > > I'm not sure why you are contemplating three transactions with a total > > of six splits, when it's all logically one transaction. You wouldn't be > > getting this mortgage if you weren't buying this property, or buying > > this property without this mortgage or "reservation" (a Swiss > > real-estate term I don't know). I believe that entering them as one > > transaction would be more logical, and faster too: > > > > Assets...Real Estate: increase (debit) 500K (property value) > > Liabilities...Mortgage Loans: increase (credit) 300K > > Assets...Checking Account: decrease (credit) 150K (down payment) > > Assets...Checking Account: decrease (credit) 50K (reservation) > > > > If you're doing this in an account register, you may need to click the > > Split button at the top to open enough fields to make this entry. > > > > Stan Brown > > Tehachapi, CA, USA > > https://BrownMath.com/ > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > ----- > > 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 > ----- > 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 ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
