Generally using "credit cards" involves a liability account, not an asset
account.
> On 11/23/2024 9:38 AM PST Phyllis Bruce wrote:
>
> Whenever you spend money, you identify the source of the money (your bank
> accounts or credit cards or cash from your wallet.) Those are your assets.
> You
Edwin,
If you find a problem with a new version, which does occasionally happen, file
a bug report, if someone else has not already done so.
bugs.gnucash.org
> On 11/22/2024 9:50 PM PST Edwin Booth wrote:
>
>
> Hi. When a new update comes out, I’ve been downloading it and simply
> replacing
If you are using Windows, you could search for the "gnucash.gcm" filename from
c:\
For any OS, including Windows, see:
https://wiki.gnucash.org/wiki/Configuration_Locations
> On 11/22/2024 2:57 PM PST rob.brit...@airlearn.net wrote:
>
>
> I found the following online, but can't find the hi
Finbar,
What version and OS are you using?
> On 11/11/2024 8:02 AM PST SFR via gnucash-user
> wrote:
>
>
> Maybe, but I don't know. Earlier today I was trying to rectify why the
> a/c would not reconcile, without success so far, I need to review where
> I am in the a/c. I put it off until
A financial gain on the paintings, yes, but here in the US whether it's a
taxable event if other paintings were purchased with the money is about the art
of 1031.
> On 11/11/2024 8:01 AM PST Michael or Penny Novack via gnucash-user
> wrote:
>
> more, you do not have to record a gain (and pay
If I found something of value that was included in a past transaction, such as
that nice William Woodard artwork in the attic, then I'd adjust the description
of what was purchased as 1 house and a couple of paintings. Other than the
memo, as appropriate, I would not make a journal entry to equi
Boniforti,
Both Swiss Franc and US Dollar, your data includes two currencies for Vanguard
Total World.
> On 11/09/2024 8:38 AM PST Boniforti Flavio wrote:
>
>
> Hi Murugan and thanks for your reply.
> This is my "IBKR" account:
> [image: image.png]
> I moved the "USD Cash" account to "Asset
What I have observed is that the trial balance report is based on some sort of
"averaging," and not debits/credits. There are a few reports on this.
Quoting John Ralls:
""Average Cost" in this case doesn't mean what normal people would think. The
function finds all of the splits in all of the n
Tom,
I personally run paperless-ngx (FOSS and actively developed) on a Synology NAS
(DS920+). Then I backup my data regularly to multiple locations, including
online storage.
Paperless-ngx allows for "Archive Serial Number (ASN)," which can be used to
store the paper documents in order receive
Jason,
The basic challenge here is that early in a loan's history the principal
balance is at its maximum, so the interest portion of the payment is also at a
maximum. The last payment is where the principal balance is at the minimum, so
the principal portion of that payment is at a maximum.
I'm thinking I need to place a call to Maxwell...
> On 11/04/2024 10:56 AM PST William Prescott wrote:
>
>
> I should have read more carefully before replying. Are you (Michael)
> responding to the electron speed or the signal speed. The signal travels much
> faster than an individual elect
Boniforti,
I applaud your effort to advance your financial accounting. With that out of
the way, there are good reasons how professional accountants can help
individuals. There are a myriad of horror stories about how transactions could
be structured differently, while accomplishing the same ob
y to check for the multiple
currency problem, and ideally provide an automated way to remove/correct the
bad entries.
> On 11/03/2024 7:06 AM PST Fred Tydeman wrote:
>
>
>
>
> On Sat, Nov 2, 2024 at 6:16 PM Patrick James via gnucash-user
> mailto:gnucash-user@gnu
Fred,
The basic challenge here is that you don't seem to know how data gets into your
GnuCash database. There are some very crafty people reading this list, so I'm
not going to exclude the possibility that one might be able to explain how
different currencies were entered into your GnuCash data
he scheduled transaction? I
> didn't think that the scheduled transactions were not anchored to any account
> until they are entered.
>
>
> On Fri, Nov 1, 2024 at 4:45 PM Patrick James via gnucash-user
> mailto:gnucash-user@gnucash.org> wrote:
>
> > Verifying this
Verifying this behavior R Losey reported using GnuCash 5.9 on Windows 11.
Also the "anchor" is not very strong, as I changed the split account that was
supposedly anchoring the scheduled transaction, and then I could delete the
split.
I would consider this a bug. It's definitely not a feature,
Hello Fred,
You have no idea how data gets into your GnuCash file?
> On 10/31/2024 10:04 AM PDT Fred Tydeman wrote:
>
>
> I have no idea how Gnucash ended up with prices in two different currencies
> for the same stock.
> I only found out that it did when the Advanced Portfolio report had a
As the GnuCash help page suggests, not all assets are equal, in that there
exists different levels of asset liquidity.
One use of this is the presentation of assets on the balance sheet. The greater
the liquidity of an asset, the closer to to top the asset is listed.
Personally in GnuCash I ass
> On 10/02/2024 8:26 AM PDT Bruce Griffis wrote:
> If I need to pay 24 dollars just to get a 12 dollar item, it had better
> have a value of 24 dollars just to sit on a shelf and look at it.
Put differently, it's not a 12 dollar item. It's a 24 dollar item.
So you are correct, the item needs t
> On 10/01/2024 9:44 AM PDT Chris Miller via gnucash-user
> wrote:
>
>
> Hi Folks,
>
> These are GnuCash questions; not accounting questions:
>
>
> * How do "Cash", "Bank" and "Asset" accounts different from each other?
> They are all assets ...
> * How do "Liability" and "Credi
Years ago, I was reading through the tax code, and I had a question, so I
presented it to a tax attorney.
The attorney thought the question was a little bit overdone, yet at the same
time, he could not dispute my reasoning.
Without getting into the technical details of the US tax code, the basi
Chris,
"Take a look at my new car. I paid $1,000 plus $25,000 in shipping, so if I
sold it today for $2,000, I'd be doubling my money."
Hopefully David won't be filing for bankruptcy after he records the sale as a
$200 profit.
David does make a good point that we are discussing a hobby at most
For whatever reason, we live in a world where location does matter, and the
value of a good changes with its location.
If the value of a good did not change with location, there would be no shipping.
> On 09/30/2024 1:32 PM PDT David Cousens wrote:
>
>
> Flavio,
>
> Shipping is a service s
In terms of what relevance is FASB, or some other accounting standard, if there
are no standards, it's very difficult to have a discussion, as one can make his
or her own rules of the road.
With some "reasonable accounting standards," whatever those may be, the heart
of this discussion is the d
Stan,
Inbound, Outbound or both?
> On 09/30/2024 11:22 AM PDT Stan Brown (using GC 4.14)
> wrote:
>
>
> I would absolutely record shipping as an expense, not an asset. The
> asset has value after you receive it; the shipping is "used up" the
> moment the package arrives. Only things that s
You're getting into an area where you have choices to make. There is nothing
particularly wrong with separating the freight, and maybe that's important to
you. At the same time, maybe it's not important, and the work is not worth any
benefit. Is there any benefit to you to separate the freight?
One question you're asking is about the cost of goods sold (COGS), and how to
determine what's included and excluded. There are two directions of freight,
inbound and outbound. In the US inbound freight is generally included in the
COGS and outbound freight (to the customer) is a cost of sales (
GnuCash is run and maintained by volunteers. I'm betting that the person who
maintains the webspace (GnuCash.org) will update the main page during the next
few days.
I am very grateful for the effort the volunteers expend. I am not one of the
developers, but I've been known to spend time tryin
Joseph Keithley,
Please read the entire original message, including the links near the bottom.
> On 09/29/2024 10:37 PM PDT Joseph Keithley wrote:
>
>
> The Gnucash.org page still only has versin 5.8 as the download. Where do I
> get 5.9?
>
> On Sun, Sep 29, 2024 at 4:19 PM John Ralls wro
Boniforti,
I am not a maintainer/moderator of this list.
The challenge with accounting questions is the accounting standard being used.
For someone who is new to accounting, it seems as though there should be one
"right" or "best" answer, but often the "right" or "best" answer is
situational,
Michael,
Modern encryption systems, including open source systems, should be compliant
with Kerckhoffs's principle.
> On 09/09/2024 10:32 AM PDT Michael or Penny Novack via gnucash-user
> wrote:
>
>
> On 9/9/2024 10:16 AM, Derek Atkins wrote:
> > The GnuCash team, historically, have explic
I'm guessing your understanding of how to use GNUCash is sufficient to
accomplish whatever is best for your situation. Your question is more about
what's best for your situation, and while you did not mention it directly, you
also want to make sure that the information that you get is worth the
> On 07/21/2024 3:29 AM PDT Fred Bone wrote:
>
>
> On 20 July 2024 at 6:19, Nate Bargmann said:
>
> [...]
> > Already GNC's column layout is opposite of the
> > manual check registers I've been using for 40+ years and that leads to
> > mistakes in one or the other for me so the last thing that
> On 07/11/2024 6:30 PM PDT Ronald Solomon wrote:
>
>
> Yes, I know I can however, trying to type out the concerns is
> time-consuming, and in the past, I didn't ask the correct questions so did
> not get a correct answer. I appreciate everyone giving me information but
> my issues are not bein
Paul,
It has been my personal experience that importing double quotes can be
problematic for GNUCash, so I always remove all the double quotes during my
pre-processing of the data.
The bug report is here:
https://bugs.gnucash.org/show_bug.cgi?id=798479
> On 07/04/2024 12:40 PM PDT Paul Kroi
Save, Exit, and Reload will clear the rouge transactions.
> On 02/08/2024 8:54 AM PST Jack Slater wrote:
>
>
> Anything coming soon to fix this?
>
> On Thu, Jan 25, 2024 at 12:26 PM Patrick James mailto:patrickjame...@comcast.net> wrote:
>
> > This is bug
I've been comparing and contrasting two options:
1. Reports -> Assets & Liabilities -> General Journal
2. Tools -> General Journal
If the second option is selected, which is the one I generally use, then
sorting by date of entry puts the transactions in date order. The General
Journal (option 2
Two questions:
1. What is "interactive mode," how does it differ from other modes, and where
do I find the different modes?
> There IS however a report which will show you the journal (the date
> ordered transactions) if for some reason you wanted to look at that.
2. While I understand reports
After suggesting that the manual was read, and that "the double entry is
understood," at some point the best answer becomes "it's time to hire an
accountant."
> On 02/07/2024 10:50 AM PST sunfish62--- via gnucash-user
> wrote:
>
>
> Your register shows transactions. They add up to zero (as
I'm running GNUCash 5.4, because Windows.
My experience has been similar, but sometimes the register does display
properly. Often when it does not display properly, if I arrow up, the situation
is corrected.
I have not documented the behavior to the point where I could write a bug
report, but
This message is only about "recording and showing any transactions."
The recording of transactions is separate from the showing of transactions.
The transactions could be recorded, but not shown. What I suggest is looking at
all the options under the "View" pull-down menu, especially the "filte
> On 01/30/2024 9:39 AM PST Michael or Penny Novack
> wrote:
>
> ONE refers to closing all the accounts of type income and expense
> (temporary accounts of fundamental type equity) into equity itself or
> accounts under equity. You will have to be doing the latter if the
> entity type isn't "
In my view it's going to be very difficult to justify spending any time
tracking a whole bunch of zeroes with a contra equity account. I would not even
want to see that on the books, much less spend time every pay period adjusting
the contra account balance to some new amount less than 1.
At th
This rounding is not material to your financial condition.
Tracking the rounding is not worth the time and effort necessary, so you could
adjust your gross pay for the rounding.
First month would be an increase (in pay/earnings) of €0.50, and the second
month would be a decrease by €0.30. Over
This is bug 799093, and John Ralls has not asked additional questions after I
was able to reliably reproduce (part of) the issue, so, hopefully, there is
sufficient information to find the bug.
https://bugs.gnucash.org/show_bug.cgi?id=799093
> On 01/25/2024 10:02 AM PST Jack Slater wrote:
>
> If I run out of past credits then that's a final gain, that's taxable
> the moment it's realized (and some brokers straightly withold it from
> the selling price!), it's not possible to offset with a future loss
> within the same year.
It should be total obvious that to minimize taxes if you wer
You mention picking the earliest year to minimize the tax liability (i.e.
maximize the loss matching), but within a window of time.
> On 01/24/2024 7:53 AM PST Mattia Rizzolo wrote:
>
> Besides, one offests losses by fist pickin the
> furtherst year first, so it's good to know how much is left
nged my losses to be posted against the proper "capital loss"
> account instead of being a negative gain, and then I'm posting the
> future gains as compensation of that loss (and only for the part that
> can be compensated).
> This way indeed the balance of the Broker1 acco
Let's start with your best bet is to work with your tax professional as to how
best to keep track of what's needed for taxes.
In the US, what you call a "credit" generally would not be an asset account.
The "credit" would be a potential offset to some future gain, if there is any
future gain, s
The --nofile parameter is fine as you are commanding GnuCash "Do not load the
last file opened."
There is another option, which is to command GnuCash to open a specific file.
The command line structure is: gnucash [options] [datafile]
So if you add the datafile, GnuCash will open with that set
gt;
>
>
> -----
> From: gnucash-user on
> behalf of Patrick James
> Sent: Friday, January 19, 2024 12:24 PM
> To: Gnucash Users
> Subject: Re: [GNC] Compare two sets of accounts?
>
> One option might be to use the dat
One option might be to use the data log files, information in 2.5.2 here:
https://code.gnucash.org/docs/C/gnucash-guide/basics-backup1.html
I have not played around with those much, but I suspect you could backup your
master set of books (3-2-1 backup strategy might be used here), and then make
There is a known bug with reports in GnuCash version 5.5 on a Windows machine.
The bug is well-understood, but the fix is not so easy.
Moving down to 5.4 will fix the report problem.
> On 01/17/2024 3:29 PM PST Ignacio Ayuste wrote:
>
>
> Hi All, for a lot reports i noticed the file generat
I suspect it is fair to say that the UI design results in different uses of the
same English terms from accounting, thus a "split" in terminology.
> On 01/18/2024 12:03 PM PST Adrien Monteleone
> wrote:
>
>
> Yes, this is an example where it isn't just the terminology of users,
> but rathe
A "simple journal entry" is a journal entry that involves no more than two
accounts.
A "compound journal entry" is a journal entry that involves more than two
accounts.
That's the 'easy' part.
Now there are entries that involve multiple debits or multiple credits, or
both, that only impact tw
>From the pulldown menus:
Actions -> Scheduled Transactions -> Since Last Run...
> On 01/12/2024 7:13 PM PST Liz wrote:
>
> So would you like a button which gives an option to make a test run?
>
> Liz
>
> On Fri, 12 Jan 2024 12:08:14 -0600
> David Carlson wrote:
>
> > I consider the SX to b
creates a huge mess.
>
> On Fri, Jan 12, 2024 at 2:11 PM Jack Slater mailto:theillini...@gmail.com> wrote:
>
> > I'd certainly agree.
> >
> > On Fri, Jan 12, 2024 at 11:57 AM Patrick James > mailto:patrickjame...@comcast.net>
> > wrote:
> >
>
Jack,
This "log file" discussion seemed to get moved to a stack type of log. There is
another log with GNUCash, which is somewhat unique in that programmers usually
need the stack log (all programming).
The GNUCash data log file is explained in 2.5.2.
https://lists.gnucash.org/docs/C/gnucash-g
My personal experience is that this "phantom transaction" problem began in 5.X.
Using 4.X, I experienced no problems changing/adding/deleting transactions
during a reconciliation.
> On 01/12/2024 9:44 AM PST David Carlson wrote:
>
>
> It sounds like you are entering new transactions while p
Tute Terner,
Will you please upload your sample data set.
> On 04/07/2023 11:46 AM Adrien Monteleone
> wrote:
>
>
> Do the splits *that match the open account register* have 'paid' in
> their memos?
>
> If the 'paid' text is in a memo assigned to some *other* account, you
> will not get
I am not a programmer, but this has a similar behavior to the bug I reported,
in that the selected tab makes a big difference.
Sure, I reported the bug as a "second search" as that is how I associated it at
the time, but with this added information the bug might be more about the tab
selected.
't say anything about it being a
> second search.
>
> Regards,
> John Ralls
>
>
> > On Apr 6, 2023, at 9:34 AM, Patrick James
> > wrote:
> >
> > This is a bug, and I reported it as Bug ID 798803.
> >
> > https://bugs.gnucash.org/show_
This is a bug, and I reported it as Bug ID 798803.
https://bugs.gnucash.org/show_bug.cgi?id=798803
Selecting the "New Search" radio button should search as new, but alas, it does
not.
> On 04/05/2023 11:07 PM Stan Brown wrote:
>
>
> On 2023-04-05 07:18, Tute Terner wrote:
> > When I search
About two months ago, there was a major ice storm in Austin, and the area was
completely unprepared for such a storm. A friend of mine was without power for
about 12 days. He has two small children, and he has good local resources,
which were also impacted by the ice storm, and it was not easy o
I keep trying to figure out what to do with all my "likes" on various social
media sites, and as of today, no one can really explain why I want/desire/need
more "likes," or similar.
> On 03/30/2023 11:29 AM Dr. David Kirkby
> wrote:
>
> But that still means if you want to do well in Google,
Here is where I downloaded my copy:
https://sourceforge.net/projects/gnucash/files/gnucash%20%28stable%29/5.0/
> On 03/29/2023 5:39 PM Gyle McCollam wrote:
>
>
> Sorry, I'm sure this has been posted, but when I o to Gnucash.org website it
> only shows 4.13 or 4.9. I tried surgeforce, but t
Once the correct payee is highlighted, simply tab to the next field, and 5.0
will fill it in as you desire. Also note that you may arrow up and down during
the data entry to select your desired payee, and then click tab.
I have a few payees that are very similar, but are long, so the number of
George,
This is a Windows 'feature,' as Windows has file extension associations.
If you do a quick online search, you should be able to find the instructions on
how reassign the association of the ".ods" extension to LibreOffice Calc.
Alternatively, try right-clicking the icon and selecting "Op
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