On Tue, 30 Mar 2021 23:22:06 -0400
Jack Frillman via gnucash-user wrote:
> Doesn't everyone track their sales tax as a separate expense item?
> Why would you consider sales tax the same type of an expenditure as
> groceries, gasoline or your electric bill?
As others have said, there are differe
The tax part I've already covered. But I record the tips separately
too. I've used this to great effect to refine my budgeting for dining
dollars. Some may think it is overkill, but it helped me get it under
control. It worked for me, but others may not need it.
Exactly.
I have been able
So many are responding to this "accounting for sales tax" question as if
it were unreasonable to want to know what was spent on sales tax.
a) The taxes imposed are part of the expense of whatever. TRUE, and that
is how I would do it regardless of needing to know what was sales tax.
b) BUT ---
HI,
On Tue, March 30, 2021 11:22 pm, Jack Frillman via gnucash-user wrote:
> I do know the difference between credit and a debt.
Just for the record, many people (myself included) learned it backwards,
because we learned it from the bank statements we received. But those
statements use the terms
On 3/30/21 8:22 PM, Jack Frillman via gnucash-user wrote:
I do know the difference between credit and a debt.
Doesn't everyone track their sales tax as a separate expense item? Why
would you consider sales tax the same type of an expenditure as
groceries, gasoline or your electric bill?
Nope
On 3/31/21 11:33 AM, Stan Brown wrote:
On 2021-03-30 20:22, Jack Frillman via gnucash-user wrote:
Doesn't everyone track their sales tax as a separate expense item? Why
would you consider sales tax the same type of an expenditure as
groceries, gasoline or your electric bill?
I record it sepa
Yep, same here. My brother asked me once how I handled aggregating sales
taxes when I have a large complicated receipt spanning multiple expense
categories. I just laughed and said, "I don't. I record the tax to its
own account." I think I saved him lots of headache and time!
Regards,
Adrien
I track it every time it's broken out on the receipt. The sales tax is
the cost of Government not the cost of the item purchased.
To each his own.
On 3/31/21 12:33 PM, Stan Brown wrote:
On 2021-03-30 20:22, Jack Frillman via gnucash-user wrote:
Doesn't everyone track their sales tax as a separ
On 2021-03-30 20:22, Jack Frillman via gnucash-user wrote:
> Doesn't everyone track their sales tax as a separate expense item? Why
> would you consider sales tax the same type of an expenditure as
> groceries, gasoline or your electric bill?
As far as I'm concerned, taxes are part of the purchase
I buy a pair of socks for $5 and a hammer for $10 and sales tax of
$0.24 for a total $15.24.
There's a split transaction that comprises of three items:
Socks $5.00 makes an enter into the clothing account <- that's
what I call split 1
Hammer $10.00 makes an entry into the tools account
I do know the difference between credit and a debt.
Doesn't everyone track their sales tax as a separate expense item? Why
would you consider sales tax the same type of an expenditure as
groceries, gasoline or your electric bill?
When I say a split 1 and split 2 I'm referring to each separat
Yes it's set to single line.
When I switched to Transaction Journal it just opened all the split
transactions instead of me opening them individually with the SPLIT
button up in the tool bar.
I have just been hitting the SPLIT butt up in the tool bar when I wanted
to enter a split transaction.
I'm going to break into bits as there are several things here
What's confusing me is that I was not forgetting to add any
transactions in the split. GNUCash kept doubling the amount of the
total and subtracting all my split transactions from that doubled
total it invented and adding the diffe
Jack,
If you happen to have the register display set to single line instead of
double line or worse, set to basic ledger, you can find yourself getting
lost just trying to make "missing" split lines appear. I recommend setting
the register view to Auto-split ledger or transaction journal and chec
At first I was doing that.
On 3/30/21 4:37 PM, Derek Atkins wrote:
I bet you hit the enter key... That causes the transaction to commit.
You should use the arrow keys or tab keys to move around the multi-split
transaction until you're done.
-derek
On Tue, March 30, 2021 4:06 pm, Jack Frillma
Thanks for the advice.
What's confusing me is that I was not forgetting to add any transactions
in the split. GNUCash kept doubling the amount of the total and
subtracting all my split transactions from that doubled total it
invented and adding the difference to the Unbalanced-USD. I eventuall
On 3/30/2021 4:06 PM, Jack Frillman via gnucash-user wrote:
I tried adding the minus sign and I still got the Unbalanced-USD thing
but that doesn't I was doing it correctly.
Entering these split transactions had been the biggest issue I have
encountered switching to GNUCash.
Amounts ending u
I bet you hit the enter key... That causes the transaction to commit.
You should use the arrow keys or tab keys to move around the multi-split
transaction until you're done.
-derek
On Tue, March 30, 2021 4:06 pm, Jack Frillman via gnucash-user wrote:
> I tried adding the minus sign and I still g
I tried adding the minus sign and I still got the Unbalanced-USD thing
but that doesn't I was doing it correctly.
Entering these split transactions had been the biggest issue I have
encountered switching to GNUCash.
On 3/30/21 3:37 PM, Maf. King wrote:
Purchased in error, rather than data-entr
Purchased in error, rather than data-entry error. ;-)
I will note another possible way to flip the columns - just put a - sign in
before the value, then on tabbing-out of the column it will flip to the other
side (and lose the minus sign!).
Maf.
On Tuesday, 30 March 2021 20:16:17 BST Jack Fri
In the world I worked in before retiring there can be different kinds of
errors and they are often handled differently. That may not apply in
accounting but it's my old habits and instincts kicking in.
So, I don't consider a refund an error but a kind normal transaction.
An error has a comple
Is one kind of error different from others?
On Tue, Mar 30, 2021 at 12:08 PM Jack Frillman via gnucash-user <
gnucash-user@gnucash.org> wrote:
> I never considered that option since the GNUCash documentation describes
> it for correcting errors.
>
> On 3/30/21 12:49 PM, Robin Chattopadhyay wrote:
I never considered that option since the GNUCash documentation describes
it for correcting errors.
On 3/30/21 12:49 PM, Robin Chattopadhyay wrote:
There’s another, even easier IMO, option to select the Reverse Transaction
option. That will duplicate the transaction and flip the amounts at the
s
There’s another, even easier IMO, option to select the Reverse Transaction
option. That will duplicate the transaction and flip the amounts at the
same time.
Robin
On Tue, Mar 30, 2021 at 10:57 AM Cam Ellison wrote:
> On 2021-03-30 8:43 a.m., Jack Frillman via gnucash-user wrote:
> >
> > I'm tr
You should be replying to the list - this went directly to me
On 2021-03-30 9:22 a.m., Jack Frillman wrote:
I tried what you suggested and I can't get it to work.
I will try to illustrate this way. I have -- to indicate a column
with no entry.
Original transaction
--
Looks like I finally got it to work.
While copying I had to delete the amount from the column I was copying
from before pasting that value into the other column.
Thanks for the tip.
On 3/30/21 11:57 AM, Cam Ellison wrote:
On 2021-03-30 8:43 a.m., Jack Frillman via gnucash-user wrote:
I'm tr
On 2021-03-30 8:43 a.m., Jack Frillman via gnucash-user wrote:
I'm trying to enter a refund split transaction to a credit card
account and every time I do I get an Imbalance-USD amount. (see screen
shots below)
Why is this happening?
Screenshots don't work.
Easiest way for me to do the re
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