-----Original Message----- From: gnucash-user <gnucash-user-bounces+eric=jehammond....@gnucash.org> On Behalf Of gnucash-user-requ...@gnucash.org Sent: Friday, October 25, 2024 7:11 PM To: gnucash-user@gnucash.org Subject: gnucash-user Digest, Vol 259, Issue 61
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..." ---------------------------------------------------------------------- Question: correct debit account for labor: I have completely replaced my defunct Quicken with GnuCash, and now trying to get the details fine-tuned: I am using Job cost accounting for my business, my main resource is the OpenStax book - "Principles of Accounting, Volume 2: Managerial Accounting" page224 - 226 And a lot of internet searches... Entering my labor, parts/supplies would look like this: Assets:Jobs:xxxxxx:WIP 500.00 ________:Direct Labor 120.00 Assets: Stock 20.00 ________:Direct Labor 360.00 1. If I use "Expenses:Direct Labor" as the credit account then those account balances are all negative (which, at least, looks weird in an expense journal) 2. If i use "Income:Direct Labor" the balances are positive. With settings #2 all the tax reports look correct. I didn't check during #1 settings. Which one is correct? Does GnuCash care about the negative balance? Is there a better way log it? Thank you for a great accounting tool, and all your help. Eric Hammond ------------------------------ 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 ----- 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 259, Issue 61 ********************************************* _______________________________________________ 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.