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 8/14/20 5:30 AM, br...@bmckernan.co.uk wrote:
Fellow gnucash users
I have just upgraded from version 2 to version 4.
I need to do exactly the same thing. Version 2.4.x to Version 4; once
there is stability and a well worn pathway. The last (3) years of data,
has not been entered, due
eads discussing that it appears to be stalled or abandoned. You�d have to
find their community and developers. It is a separate project from GnuCash.
Hope some of that helps,
Regards,
Adrien
On Jun 22, 2020 w26d174, at 5:32 PM, james via gnucash-user
wrote:
Hello,
So I successfully use
Hello,
So I successfully used gnucash for a small S-corp,
from 2012, thru 2017(September).
Then several concurrent/random illnesses sidelined my gnucash usage. The
small s corp trudged along and I did manage to get tax returns file
(both S and personal) but the 100-200 transactions per year
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