On 21 February 2021 at 18:47, Jim DeLaHunt said:
>
> On 2021-02-21 18:30, Stephen M. Butler wrote:
> > …The summary: Credits go next to the window … < > when facing computer screen>>
>
>
> Wow, this is a great rule of thumb!
>
> The only problem is, the window is to my left as I sit in my off
OK, it's starting to sink in, slowly.
I read chapter 11 in the GC documentation (I didn't realize I was asking
about Capital Gains) and used the example to create the accounts and
transactions in my own accounts. It seems to work... like magic.
I'll have to think about it some more and will probabl
On 2021-02-21 18:30, Stephen M. Butler wrote:
…The summary: Credits go next to the window … >
Wow, this is a great rule of thumb!
The only problem is, the window is to my left as I sit in my office. So,
I think I need to climb out the window and dangle. That will put
On 2/21/21 5:45 PM, Stan Brown wrote:
On 2021-02-21 15:22, gnu Gord wrote:
I'm unsure of the best way to record the adding/modifying of an asset.
Should the transaction go directly to an asset account or an expense
account then create an asset? Let me explain.
I started writing out a detailed r
On 2021-02-21 15:22, gnu Gord wrote:
> I'm unsure of the best way to record the adding/modifying of an asset.
> Should the transaction go directly to an asset account or an expense
> account then create an asset? Let me explain.
I started writing out a detailed reply, but David Cousens said it all
There are detailed examples in the help manuals that show specifically how
to implement what David Cousens just described. You would, for example,
put a car account in the fixed asset top account. If you were to decide
that it is worth the effort to depreciate it as he described, there is an
exam
What has happened in the transaction?
You have taken money from an asset (bank account) and exchanged that for
another asset (a car) which you have control of and use as a resource, so
there is not an expense involved.
Hence the transaction will be a debit to your bank account (decreasing that
I'm unsure of the best way to record the adding/modifying of an asset.
Should the transaction go directly to an asset account or an expense
account then create an asset? Let me explain.
If, for example, I buy a car that costs me $1000 and pay for it from my
chequing account, no loan involved.
Shou
