Many thanks to all who have replied to my questions.
I'm not an accountant, and I only use gnucash for home accounting, so I don't
feel I need to understand/follow accounting rules and processes. Ads long as I
understand what's happening that will do.
So I'm going to take the suggestion of @rlo
We create a sub-account under a bank account - checking or savings - and
fund it from that account (we use our checking account). The register for
the checking shows the available balance, the sub-account has its total on
the Chart of Accounts and in its register, and the Chart of Accounts has
the
Hi,
First thanks to all those who responded to my question. After due
consideration and experimentation, I reached the same conclusion as
another correspondent: scheduled transactions using variables is more of
a nice concept than a practical proposition as currently coded. I can
also see tha
I demur.
I use (and backup) my Desktop folder as a very convenient location to
store all sorts of items, typically work in progress or just things I
like to have ready to hand.
As my new found friend GPT said when I asked their opinion, there are a
number of advantages for doing this:
Quic
1. Desktop Folder resides on disk just like every other folder in the
file system hierarchy.
2. It has a directory listing just like every other folder.
3. The advantage is that the directory content is displayed on the
console/terminal/screen automatically without needing the File Explorer
The idea of accrual accounting is primarilyto tie income earned to the
timing of activity that generates it and expenses to when the timing of
the activity that incurred them and not when the actual payments are
received.
A typical example might be a prepayment payment of an insurance premium
at
Almost sounds like an escrow account that your mortgage company might
have you pay into monthly in order to pay your insurance and property taxes.
In my case I convinced the mortgage company to trust me! (Owed less
than 50% of the house value.) So I set up the bank savings account as a
paren
Hi folks,
Another beginning bookkeeper here. Derek's advice sounds like what I gathered
as I tried to learn how to account for a operating reserve.
But explaining this to our group of non-accountants, at every quarterly
meeting, over and over again for years on end, has convinced me that I now
On 1/17/25 10:31, Griffin wrote:
I am using Gnucash for my home accounts. I won't be trading for the foreseeable
future as all my retirement money was stolen in a scam.
Oh. Sorry about that. Thankfully mine is still sitting in the IRA and
Roth accounts.
Do I need to use liability accoun
This sounds like what an accountant would call an accrual and is in fact the
fundamental transaction in accrual accounting. If I understand correctly:
- You know you owe the money- You do not immediately have to pay the money
The accountant would debit an expense and credit a liability, so that t
At Fri, 17 Jan 2025 11:21:39 -0700 Griffin wrote:
>
>
> This is more accounting/procedural than about Gnucash.
>
> Suppose I had an amount of money that I needed to protect so that it was
> available for a future occasion. What would be the "preferred" way to do this.
>
> I could create the
At Fri, 17 Jan 2025 11:31:39 -0700 Griffin wrote:
>
> I am using Gnucash for my home accounts. I won't be trading for the
> foreseeable future as all my retirement money was stolen in a scam.
>
> Do I need to use liability accounts for any of my home accounting accounts?
Car Loan, Credit Card
I don't use liability accounts for my bills. I just debit expense and
credit checking. I used liability accounts for the mortgage, installment
loans, and things like that.
On Fri, Jan 17, 2025, 16:10 Griffin wrote:
> I am using Gnucash for my home accounts. I won't be trading for the
> foreseeab
I generally create a credit against the bank where the money to be saved
is, and a debit to some sort of a suspense account, even imbalance would
do. It would show up as an unreconciled transaction each month.
Of course you could also drop it into a savings account and earn some
interest on it :-)
Hello, Griffin:
On 2025-01-17 10:31, Griffin wrote:
I am using Gnucash for my home accounts. I won't be trading for the foreseeable
future as all my retirement money was stolen in a scam.
I am sorry to hear that your money was stolen in a scam.
Do I need to use liability accounts for any of m
Liability accounts are not overkill for household finances. Sorry to hear
about the scam! However, if you have a credit card you will enter a
liability account for the card - one for each credit card. Liability
basically means - what you owe someone.
Given a credit card, you will reconcile that
I am using Gnucash for my home accounts. I won't be trading for the foreseeable
future as all my retirement money was stolen in a scam.
Do I need to use liability accounts for any of my home accounting accounts?
If I understand correctly, liabilities are usually, outside of trading
purposes, ju
This is more accounting/procedural than about Gnucash.
Suppose I had an amount of money that I needed to protect so that it was
available for a future occasion. What would be the "preferred" way to do this.
I could create the transaction in the account ledger and future date it.
I could creat
Hi David/GNUCash users,
For those that do not know and/or want to learn more about how OFX works
within GNUCash -
https://wiki.gnucash.org/wiki/Setting_up_OFXDirectConnect &
https://wiki.gnucash.org/wiki/OFX_Direct_Connect_Bank_Settings (although
that information may not be current/still accurate
Hello Geert & GNUCash users,
https://wiki.gnucash.org/wiki/AqBanking - do you know if AQBanking (or
GnuCash for that matter), is a member of the Linux Foundation's FinTech
Open Source Foundation/FINOS? https://www.finos.org/
---
Thanks,
Brad - https://www.facebook.com/brad.morrison.12327/ &
h
On 1/17/2025 12:47 PM, William Prescott wrote:
While I agree that it seems somewhat unusual to save data files to the desk
top, I take exception to any generalization about how people use the desktop.
Personally, I don't put anything on it, and find it odd when I see someone's
machine with row
Moving the data from pdf to a word processor like MS Word or libreoffice Writer
gives you more controls for Widow/Orphan and such.
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While I agree that it seems somewhat unusual to save data files to the desk
top, I take exception to any generalization about how people use the desktop.
Personally, I don't put anything on it, and find it odd when I see someone's
machine with rows and rows of icons on their desktop. But persona
Well said. I was wondering when someone would point out that it is somewhat
odd to save data files to the desktop.
On Fri, Jan 17, 2025 at 9:35 AM Michael or Penny Novack via gnucash-user <
gnucash-user@gnucash.org> wrote:
> On 1/17/2025 5:50 AM, Geoff wrote:
> > Hi John, and welcome to the wond
On 1/17/2025 5:50 AM, Geoff wrote:
Hi John, and welcome to the wonderful world of GunCash!
To answer your question:
> Each time I close the program a .log file appears on my
> desktop. How do I stop this?
Edit -> Preferences -> General -> Retain log/backup files -> Never
Perhaps more to th
It's unlikely to be a bug.
The generic csv importer is written to handle all possible kinds of csv data so
it can't make
assumptions about the sense of the transactions (be it positive or negative, or
debit/
credit). You have to tell it exactly how you want to interpret the numbers. We
have ha
[UK-specific]
I think someone on here has built a bridge to submit GNC-derived company
accounts to Companies House (or was it HMRC?)
Either way, I see from their latest technical release that they're planning
to move from XML to a REST JSON API
It may be this is old news - they don't make very c
On 15 January 2025 at 17:39, John McCann said:
> I am a new user. Each time I close the program a .log file appears on my
> desktop. How do I stop this?
Actually it's each time you *open* a file.
It goes in the same place you told Gnucash to put your data file, so if
you put that somewhere el
Hi John, and welcome to the wonderful world of GunCash!
To answer your question:
> Each time I close the program a .log file appears on my
> desktop. How do I stop this?
Edit -> Preferences -> General -> Retain log/backup files -> Never
To answer the questions you didn't ask, but probably sh
I am a new user. Each time I close the program a .log file appears on my
desktop. How do I stop this?
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