On 1/25/2022 2:14 PM, Adrien Monteleone wrote:
If your needs aren't that complicated, there is nothing wrong with
contra-accounts however. Accountants use them fairly regularly.
That's because accountants think in terms of debits and credits. All a
"contra account" is is an account where the
I think you'll have issues if you try to have different account types
between parents and children. I vaguely recall a thread about that a few
years ago. (And I might have even done it once myself)
Some folks were making Top Level accounts for various properties and
duplicating other parts of
[GNC] Accounting Question re Balance Sheet
Paul
As long as you post the initial estimates of the Sales fees etc that you
make to Expense or Income accounts as appropriate as well as any interim or
point of sale adjustments, then the approach you are using should be OK. You
will need to preserve whatever
Paul
As long as you post the initial estimates of the Sales fees etc that you make to
Expense or Income accounts as appropriate as well as any interim or point of
sale adjustments, then the approach you are using should be OK. You will need to
preserve whatever your tax authority defines as the c
On 1/20/2022 2:55 PM, p...@kroitor.ca wrote:
This isn't really a GnuCash question, but I thought I might ask you guys
anyway as there's a broad variety of skills and experience here.
Situation: a relative owns a house on a six acre property, plus several
adjacent properties she's collected
I Paul, each of the properties are to be listed in the chart of accounts so
that your balance sheet is complete and accurate. Right now it's cloudy.
So let's polish it up.
The tax is (Sale Price - Cost Of Asset ) * 50%, that is all CRA cares
about. Bookkeeping works out to a difference in the cos
This isn't really a GnuCash question, but I thought I might ask you guys
anyway as there's a broad variety of skills and experience here.
Situation: a relative owns a house on a six acre property, plus several
adjacent properties she's collected over the years. Under Canadian tax
rules, the hou
