Search archives for "trust accounts"
On Wed, 12 Feb 2020, 7:34 am Fran_3 via gnucash-user, <
gnucash-user@gnucash.org> wrote:
> In the case at hand...The initial expanse was medical billed and billed
> to the patient.The insurance company sent the money for the medical bill to
> the patient.The
I could be misunderstanding, but it appears that you are expensing someone
else’s expenses, not those of your own business operations. That generally
isn’t correct.
Expense accounts in your business’ books are for money spent in the operations
of *your* business. That is, things like rent, util
In the case at hand...The initial expanse was medical billed and billed to the
patient.The insurance company sent the money for the medical bill to the
patient.The patient aid the medical provider.
So we have 3 transactions to record...1- The Medical Bill charged to AP & Med
Exp2 - The Ins reim
On 2/11/2020 11:47 AM, Fran_3 via gnucash-user wrote:
When an insurance claim occurs the insurance pays us and we pay the vendor.
How to we charge the deposit from the insurance company and the payment to the
vendor?
I considered setting up an Expense Account named Insurance Transactions or
Ins
Thanks for the explanation.
Regards,
Adrien
> On Feb 11, 2020 w7d42, at 1:20 PM, John Ralls wrote:
>
> The transaction currency in which the value field of every split is
> denominated is determined by the account in whose register one creates the
> transaction. If that account is in a non-cu
The transaction currency in which the value field of every split is denominated
is determined by the account in whose register one creates the transaction. If
that account is in a non-currency commodity then the currency of first parent
account denominated in a currency is used. So in rsbrux's c
This is an accounting question and is a bit more than generic, you’d need to
ask a local CPA.
Some questions to clear up before you ask them:
1. Do you record an asset to reflect the pending claim until paid? (also, what
happens if it isn’t paid? see #3)
2. Or is this just a passthru? (like s
My understanding is that the controlling factor is the currency of the parent,
not where you enter the transaction. But I could be mistaken.
The tree organization is really user dependent.
I think the Guide uses a slightly different organization where bank/brokerage
lies below with a separate
When an insurance claim occurs the insurance pays us and we pay the vendor.
How to we charge the deposit from the insurance company and the payment to the
vendor?
I considered setting up an Expense Account named Insurance Transactions or
Insured Events or whatever...
Then allocating the insurance
Colin Law writes:
> On Mon, 10 Feb 2020 at 15:21, Wirawan Purwanto wrote:
>>
>> Hi David, thanks for clarification. For every major release (either
>> 2.x or 3.x series), is there a guarantee for file format
>> compatibility?
>
> Upwards, yes I believe so. Any migration necessary would be handl
It was probabably due to my placing the securities accounts under
accounts in CHF and entering the first transactions in the securities
accounts instead of in the associated accounts for purchase & sale (see
my reply to John Rails). Stock quotes retrieved from Yahoo as json do
show the correct
There were two different parent accounts, both in CHF. I guess that is
the source of my problems, although I had previously managed to have
securities with different currencies under them. ISTR reading somewhere
that securities in GC take their currency from the account in which the
first tran
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