Thanks for this.
So it looks like I'm doing it the most mechanically efficient way I can. Good
to know.
I'm not well organised with it though. I haphazardly reconcile and update
transactions at the moment. While I am learning. And going about setting up
this second set of books for the busines
Michael,
My assumptions and reasonong in formulating the answer were that the
total equity of the owner after the split comprised the Equity of his
personal accounts plus the Equity of the business accounts. That is
the owner of the business and the business are separate entities for
accounting
>
>
> From: Jediator
> To: "gnucash-user@gnucash.org"
> Cc:
> Bcc:
> Date: Sun, 19 Jan 2025 11:49:54 -0500
> Subject: [GNC] How to handle multiple Schedule Cs and Es in TXF export?
> Apparently the default TXF export in GNC can only generate a single
> Schedule C and/or Schedule E doc. Is there
RECONCILE means check one against another (and resolve any differences)
If you are ENTERING transactions into your books by migrating in a bank
statement or credit card statement you are not reconciling. I guarantee
will always match. What you SHOULD be looking for are transactions the
bank ha
Arthur,
If your bank has OFX/QFX export of the transactions this is usually the
most reliable way of importing bank records into GnuCash as it is a
fairly well defined standard protocol. CSV often takes a bit of work
to do it relaibly as the protocol is less strictly defined.
I used to diligentl
--- Begin Message ---
Thank you for that.
Very pertinent and important observations you make.
At this early stage of my involvement with gnu cash I'm still unsure if my
usage of it is optimal: am I doing things the easiest/best way?
The 'mechanics' of it, you might say.
Seems to me I do a lot of
Fred:
On 2025-01-19 06:14, Fred Tydeman wrote:
I am running GnuCash 5.10 on Fedora Linux 41
My Default Currency is USD
I imported from a QIF file some stock transactions.
I sold some Canada stock from my US brokerage account.
The money went into a CAD cash account in the brokerage.
The "dollar
There is no best reconciliation strategy. An appropriate strategy
depends on exactly what you are using GnuCash for.
A business with a high number of transactions will have a need for
relatively frequent reconciliation to detect errors, uncashed checks,
etc. and to satisfy any internal and exter
Got it.
Thanks for the specifics.
Cheers,
Brook
> On Jan 19, 2025, at 12:46, John Ralls wrote:
>
>> On Jan 19, 2025, at 10:57, Brook Milligan wrote:
>>
>> Thanks, John. For the benefit of me and everyone else, let me make sure I
>> get this correct as a procedure to follow. See questions
> On Jan 19, 2025, at 10:57, Brook Milligan wrote:
>
> Thanks, John. For the benefit of me and everyone else, let me make sure I
> get this correct as a procedure to follow. See questions below.
>
>> On Jan 18, 2025, at 21:20, John Ralls wrote:
>>
>> There is no reconcile start date. Ther
On the first clarification, the answer is no. The starting balance is
calculated from ALL/ALL reconciled entries in the account-- past, present, and
future.
David T.
On Jan 19, 2025, 9:59 PM, at 9:59 PM, Brook Milligan via gnucash-user
wrote:
>Thanks, John. For the benefit of me and ever
Thanks, John. For the benefit of me and everyone else, let me make sure I get
this correct as a procedure to follow. See questions below.
> On Jan 18, 2025, at 21:20, John Ralls wrote:
>
> There is no reconcile start date. There’s a statement date and that sets the
> *default* ending balance
1) GnuCash is intended for small businesses and individuals. A single entity
needs only one Schedule C.
2) The TXF functionality has been supplied by one contributor to meet basic
reporting needs.
#1 suggests one Schedule C per file would be provided in GnuCash. #2 suggests
that the need for
Monthly reconciliation isn't the only way. I found it more less
time-consuming to do quarterly or semi-annually reconciliation instead
of monthly, if most of your account transactions are in-sync with the
banks' (and you don't have any monthly audit requirement). In the recon
window, just ente
Apparently the default TXF export in GNC can only generate a single
Schedule C and/or Schedule E doc. Is there anyway to do multiple Sch C
and E in TXF export? One option to circumvent this would be to select
export accounts and create multiple TXF files corresponding to different
schedules.
I do an honest-to-god reconciliation to a statement every month for many of our accounts.
The main reason I do this is it gives me a recent touch point where I can prove that the
bank and I really did agree. While I also look at our most active accounts almost daily,
those looks are useless in
Ah, Liz, your answer was the best for me. You see, technically, you could flip
the script on my argument and say - explain to me your daily obsession of
looking at your balances every day! As I said at the end of the rant - my 1
minute a day probably equates to your 30 minutes at the end of th
On 1/19/2025 9:14 AM, Fred Tydeman wrote:
I am running GnuCash 5.10 on Fedora Linux 41
My Default Currency is USD
I imported from a QIF file some stock transactions.
I sold some Canada stock from my US brokerage account.
The money went into a CAD cash account in the brokerage.
The "dollar" amou
You also own the business.
I would set up an account in Equity in your personal accounts
"Contributions to xyz business" and a similar Equity account in the
business books "Owners contributions".
More generally, you own part of this business.
Why under Equity? Why different from any other i
On 1/18/2025 5:33 PM, Ross Laver wrote:
I am the treasurer of a fraternal organization. I want to track "In Kind"
donations for budgeting purposes.
EXAMPLE: someone purchases postage and does not want to be reimbursed.
Postage is a legitimate expense.
Please help!
Ross
a) donor pays an expens
I am running GnuCash 5.10 on Fedora Linux 41
My Default Currency is USD
I imported from a QIF file some stock transactions.
I sold some Canada stock from my US brokerage account.
The money went into a CAD cash account in the brokerage.
The "dollar" amount in that CAD cash account is wrong.
If I c
In using the Stock Assistant to sell some stock,
when I get to the screen about Cash,
for the field labeled "Cash Account",
it appears that one can only select an Asset type account,
in particular, one can NOT pick a Cash type account.
Is this working as designed? A bug?
__
Hi Fred/GNUCash users,
While I do not know how to a stock merger in GNUCash, it looks like
there are some links to the relevant help sections in several different
places online:
https://code.gnucash.org/docs/C/gnucash-manual/stock-assistant.html
https://lists.gnucash.org/docs/C/gnucash-guide/
On Sun, 19 Jan 2025 01:53:54 +
Ken Pyzik wrote:
> So, with all that being said, can someone please explain to me why
> people are wasting their time doing manual C/N reconciliations on a
> bunch of transactions on their computer? I would think they could
> use their time much more effectivel
On 19 January 2025 at 1:53, Ken Pyzik said:
> All — First, I want to apologize for the length of this rant. We will
> always agree to disagree on this subject. Please understand, I am a
> retired 30 year bank auditor. I know the purpose of what a reconciliation
> is. But what I don't understan
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