Re: [GNC] Double entry directly to Equity

2022-05-08 Thread Michael or Penny Novack
On 5/8/2022 11:26 AM, David Long wrote: Hi, I just tested David's method of creating a new equity account and crediting the revaluation to that account and debiting the asset account. I did not attach the new Revaluation Reserve account to an existing equity account (parent) but I specified it

[GNC] Double entry directly to Equity

2022-05-08 Thread David Long
Hi, I just tested David's method of creating a new equity account and crediting the revaluation to that account and debiting the asset account. I did not attach the new Revaluation Reserve account to an existing equity account (parent) but I specified it as a new top level account. Either way wo

Re: [GNC] Double entry directly to Equity

2022-05-07 Thread John Ralls
Well, Trading has special meaning in GnuCash: It's used for a set of accounts that are outside of the accounting equation used for tracking unrealized gains and losses from transactions involving more than one commodity. Those accounts are enabled by the book property (accessed via File>Properti

[GNC] Double entry directly to Equity

2022-05-04 Thread Bogdan
Hi, I am trying to figure out how to set up a revaluation reserve account directly in Equity so that I could do e.g. Dr Asset a/c Cr Equity. About a year ago I was able to create an account in Trading and debit / credit it directly from Asset and Liability accounts. However, now when I enter a s