Re: [GNC] GST: how to

Hi Amish, Thank you for your email. You have picked my name right but I am actually based in Australia. Looking at what you have sent me, things are a lot complicated in India. As per review of links sent by Geoff and some google searches I have made the following: Liabilities sub accounts :GST Sa

Re: [GNC] GST: how to

Thank you so much Geoff. You have also answered my follow up question about BAS as well. I shall make it a point to do some googling before sending an email to the user list. Kind regards, Lokesh On Mon, 23 Nov 2020 at 14:07, Geoff wrote: > Welcome to GnuCash Lokesh > > There are some nice wr

Re: [GNC] GST: how to

On 23/11/20 11:15 am, Lokesh Yagnik wrote: Question is regarding tracking GST. How do you record GST charged to you ? so as to be able to claim it in the future. Do you put it via two separate transactions? Thanks in advance Lokesh Check this: (based on your name - I am assuming you mean fo

Re: [GNC] GST: how to

Welcome to GnuCash Lokesh There are some nice write ups on how to handle GST here: https://wiki.gnucash.org/wiki/Quickstart_Australian_BAS https://www.gnucash.org/docs/v4/C/gnucash-guide/bus_setup.html https://wiki.gnucash.org/wiki/Alternate_Australian_GST_setup Good luck. Regards Geoff =

[GNC] GST: how to

Dear all, I am quite new to Gnucash and have started using it for personal and business accounting. I keep the two on separate files. I have created all the relevant accounts and have been entering them manually so far. I have just learned how to import transactions via csv file. Fantastic! I hav

Re: [GNC] Wrong starting balance

Liz, I know you've solved the mystery already, but I noticed in your screenshot that the Status Bar shows 'Cleared' and 'Reconciled' amounts. To anyone stumbling on this same issue, those can serve as visual flags that something is amiss if you've never reconciled that account. Regards, Adri

Re: [GNC] Wrong starting balance

Sunfish62, Glad you found that! Apparently if one ignores the warnings that have been in place for several years and changes the account anyway, the "Y" status remains the same. Why didn't I go ahead and try it anyway when I was checking this? The other procedure mentioned should also be rectifi

Re: [GNC] Wrong starting balance

https://bugs.gnucash.org/show_bug.cgi?id=710902 already covers this issue exactly. Original Message From: David Carlson Sent: Sun Nov 22 00:51:01 EST 2020 To: GnuCash List Cc: Gnucash Users Subject: Re: [GNC] Wrong starting balance Liz I would suggest copying that entire

Re: [GNC] How to treat accommodation security deposit

Thanks for that Michael. I had come very close to the same process but the Imbalance had me tossed. Cheers Virus-free. www.avast.com

Re: [GNC] How to treat accommodation security deposit

On 11/22/2020 3:29 AM, Tony Vanson wrote: I anticipate renting a property for 1 month and will pay the rental up front plus a security deposit amount which will be returned at the finish of the rental period. I am totally in the dark how to approach this. Do I need some kind of split? The renta

Re: [GNC] How to treat accommodation security deposit

Thanks guys for the useful info. I've temporarily gone the quick and ugly route by using separate entries while I mess around with getting up to speed with "splits" as it applies to my problem. Cheers

Re: [GNC] How to treat accommodation security deposit

If no need for anything official, this is probably moot, but I would guess it depends on your jurisdiction. In the UK I understand the security deposit to be a contingent asset: it's not your property, although it's in your possession and you may become entitled to it at some future date. (This al

Re: [GNC] How to treat accommodation security deposit

Tony, I am no Accouintant, but the way I would attack it is to set up a cash account for the bond (security deposit), then split the payment into bond & rental (into another account, or as a Draw). When the bond is returned, that credits into the bond account, hopefully leaving it at zero bala

Re: [GNC] How to treat accommodation security deposit

Thanks Geoff, I've never been able to get my head around "splits" but your method seems straightforward - sort of 🤔. I'll give it a shot. As I have no need for anything official, I guess I can always just manually enter the three entries separately. Cheers

Re: [GNC] Help on daily cash income and bank statements

Morning liz Thank you for your replyI will play around thank you Kind regards AlisonHave a good day Sent from Yahoo Mail on Android On Sun, 22 Nov 2020 at 7:24 AM, Liz wrote: On Sat, 21 Nov 2020 19:07:14 + (UTC) alison Stoner via gnucash-user wrote: > Hi there > I started using gnuca

Re: [GNC] How to treat accommodation security deposit

Hi Tony I'm not an accountant, but I would treat it as an asset thus: Payment Assets:Bank: -1,600 Assets:Bond: +1,000 Expenses:Rent: +600 Refund Assets:Bank: +1,000 Assets:Bond: -1,000 The first transaction (Payment) is a "split" - it has 3 legs. Regards Geoff = On 22/11/2020 7:29 pm, T

[GNC] How to treat accommodation security deposit

Hi all, Using Windows 10 Home GC 4.2 I anticipate renting a property for 1 month and will pay the rental up front plus a security deposit amount which will be returned at the finish of the rental period. I am totally in the dark how to approach this. Do I need some kind of split? The rental expens