Re: Understanding taxes and the income statement

[Maf. King]

On Monday, 22 May 2017 01:11:31 BST P M wrote:
> Thank you.  I think I am doing what you have done.  My problem is
> understanding why the 1.31 adds to Net Income instead of takes away from it
> when you create an income statement.  It seems like sales tax would take
> away from net income, no?  Is that what yours does?
> 
> 

Hi Pete,

Your net income is £18.69.  If you've got the sales tax account set up 
properly and are using a tax table as outlined in the docs, you shouldn't see 
1.31 on an income report - because it is neither income nor expense, it is a 
liability.

Maf.


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Re: Current terminology

[Buddha Buck]

I would mention both on a glossary, cross-referenced. I would probably also
consider changing references in the text to FinTS, with the first reference
mentioning that it used to be HBCI. On a Wiki, I would redirect HBCI to
FinTS, and mention on the page the naming history.

But I'm not a user of those technologies myself.

On Mon, May 22, 2017 at 12:23 AM David T. via gnucash-user <
gnucash-user@gnucash.org> wrote:

> Eneko,
> I noticed that recently, when I created the glossary in the guide. I am
> bit a user of any of those technologies myself, so I cannot honestly weigh
> in. However, I note that it still seems that those who do user them still
> refer to this as HBCI,  and not FinTS. I'm not certain, therefore, which
> terminology would cause least confusion.
> David
>
>
>
>   On Mon, May 22, 2017 at 8:44, Eneko Gotzon
> wrote:   Hello bytes & money masters :)
>
> I'm an absolute beginner starting to study the GnuCash Tutorial & Concepts
> Guide.
>
> According to Wikipedia, the former HBCI (Home Banking Computer Interface)
> protocol is now called FinTS (Financial Transaction Services)
> .
>
> Do you think that the GnuCash Tutorial & Concepts Guide (1) –and maybe all
> others sources–, should be updated to reflect that current name?
>
> (1) *For example at Getting Started > Overview > Features > Easy to Use >
> Import Methods > Home Banking Computer Interface (HBCI).*
>
> Thank you.
> --
> *Eneko Gotzon Ares*
> *——*
>
> *Mezu hau eta berari atxikitako agiri oro isilpeko dira eta soilik
> hartzaileari zuzentzen zaizkie. Mezu hau hutsegitez jasoz gero berau
> ezabatzea eskatzen da eta igorleari horren berri ematea eskertuko litzake.
> Baimen agerikorik gabe debekatuta dago mezu honen edota bere edukinen
> edozein erabilera edo hedatzea, bai osoki zein zatiz. Mezu elektronikoak
> andea daitezke; mezu hau andeaturik, aldaturik edota aizun balego Eneko
> Gotzon Aresek edota bere ordezkariek uko egiten diote edonolako ardurei.*
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Re: Current terminology

[David T. via gnucash-user]

Both are mentioned and explained in the Guide Glossary (as well as the Wiki 
glossary, but differently), and HBCI is mentioned in both the Guide and the 
Help, although not extensively. 

Unfortunately, the acronym is used in the application itself in the initial 
dialog “Initial Online Banking Setup," so that would have to be fixed as well.

Finally, I’ll note that AqBanking, which manages the online banking for 
GnuCash, is a separate project. Looking at the repository for that, I see many 
instances of the string “HBCI.” Changes there would have to be implemented by 
that developer group.

Since this is a German protocol, I think a German user should advise whether 
HBCI or FinTS is the current preferred nomenclature. Perhaps the AqBanking 
folks might have ideas on this?

David

> On May 22, 2017, at 5:40 PM, Buddha Buck  wrote:
> 
> I would mention both on a glossary, cross-referenced. I would probably also 
> consider changing references in the text to FinTS, with the first reference 
> mentioning that it used to be HBCI. On a Wiki, I would redirect HBCI to 
> FinTS, and mention on the page the naming history.
> 
> But I'm not a user of those technologies myself.
> 
> On Mon, May 22, 2017 at 12:23 AM David T. via gnucash-user 
> mailto:gnucash-user@gnucash.org>> wrote:
> Eneko,
> I noticed that recently, when I created the glossary in the guide. I am bit a 
> user of any of those technologies myself, so I cannot honestly weigh in. 
> However, I note that it still seems that those who do user them still refer 
> to this as HBCI,  and not FinTS. I'm not certain, therefore, which 
> terminology would cause least confusion. 
> David
> 
> 
> 
>   On Mon, May 22, 2017 at 8:44, Eneko Gotzon > wrote:   Hello bytes & money masters :)
> 
> I'm an absolute beginner starting to study the GnuCash Tutorial & Concepts
> Guide.
> 
> According to Wikipedia, the former HBCI (Home Banking Computer Interface)
> protocol is now called FinTS (Financial Transaction Services)
> >.
> 
> Do you think that the GnuCash Tutorial & Concepts Guide (1) –and maybe all
> others sources–, should be updated to reflect that current name?
> 
> (1) *For example at Getting Started > Overview > Features > Easy to Use >
> Import Methods > Home Banking Computer Interface (HBCI).*
> 
> Thank you.
> --
> *Eneko Gotzon Ares*
> *——*
> 
> *Mezu hau eta berari atxikitako agiri oro isilpeko dira eta soilik
> hartzaileari zuzentzen zaizkie. Mezu hau hutsegitez jasoz gero berau
> ezabatzea eskatzen da eta igorleari horren berri ematea eskertuko litzake.
> Baimen agerikorik gabe debekatuta dago mezu honen edota bere edukinen
> edozein erabilera edo hedatzea, bai osoki zein zatiz. Mezu elektronikoak
> andea daitezke; mezu hau andeaturik, aldaturik edota aizun balego Eneko
> Gotzon Aresek edota bere ordezkariek uko egiten diote edonolako ardurei.*
> ___
> gnucash-user mailing list
> gnucash-user@gnucash.org 
> https://lists.gnucash.org/mailman/listinfo/gnucash-user 
> 
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Re: Understanding taxes and the income statement

[doncram]

Just to confirm clearly to Pete.  What i did, which was to "edit the
invoice to show 20.00 for Consulting revenue with Taxable set and with Tax
included set to NO, and set Tax table = Consulting Sales Tax", and then
post it, created net income of 18.69 (which I could see in the Income
Statement)  and Sales Tax liability/payable of 1.31, and it created Account
Receivable of $20.00.   Then I further recorded receipt of $20 cash against
the invoice.  And then the Balance Sheet showed the $20 cash and the $1.31
of Sales Tax liability/payable.  Like you have been saying, the 1.31 should
not add to net income.  And like the others are saying, GnuCash can handle
it correctly.  So you must not be implementing it correctly.

Pete, I think you should try again and set up a new invoice and then post
it, and then look at the income statement and the balance sheet.  If that
still doesn't work, then to figure out what is going wrong for you, I
wouldn't mind corresponding separately or talking you through the sequence
of transactions on the telephone while we are both at GnuCash on our
computers, if you are in the U.S. and if you email me your phone number
privately (don't email it to the gnucash-user list).  Or you could phone
me, if we set it up in private email.

Don

On Mon, May 22, 2017 at 4:11 AM, Maf. King  wrote:

> On Monday, 22 May 2017 01:11:31 BST P M wrote:
> > Thank you.  I think I am doing what you have done.  My problem is
> > understanding why the 1.31 adds to Net Income instead of takes away from
> it
> > when you create an income statement.  It seems like sales tax would take
> > away from net income, no?  Is that what yours does?
> >
> >
>
> Hi Pete,
>
> Your net income is £18.69.  If you've got the sales tax account set up
> properly and are using a tax table as outlined in the docs, you shouldn't
> see
> 1.31 on an income report - because it is neither income nor expense, it is
> a
> liability.
>
> Maf.
>
>
>
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Re: How to close a financial year

[DaveC49]

Anita

The Wiki has a secion discussing it at 

https://wiki.gnucash.org/wiki/Closing_Books

and the documentation tells you how to use the built in routine for it at

https://www.gnucash.org/docs/v2.6/C/gnucash-help/tool-close-book.html

David Cousens



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