On 02.08.23 16:36, Michael or Penny Novack wrote:
Please -- we are not competent to give this sort of accounting advice.
Especially for what is an esoteric/rare type of entity (probably not
addressed in most accounting texts) This seriously needs consulting
with an accountant familiar with this f
Please -- we are not competent to give this sort of accounting advice.
Especially for what is an esoteric/rare type of entity (probably not
addressed in most accounting texts) This seriously needs consulting with
an accountant familiar with this form of entity, especially if unable to
find an a
Your suggestion sounds interesting, although in my case I have to map
the side of the provider of the investment, because the community wants
to "sell" shares to members, right? So, in the example, the community
would be the hotel itself, which offers shares and wants to record them
either as inco
I'm not sure about what you are looking for exactly, but based on what
you've given us so far, I can see a possible approach of adding your
members as 'customers' and issuing an 'invoice' to them for 'shares'.
You can then obtain a Customer Report which is essentially a Statement
of Account. Th
On Tue, Aug 1, 2023 at 7:43 AM Michael or Penny Novack <
stepbystepf...@comcast.net> wrote:
>
>
> And yet, apart from that, it would already help me a lot if there was an
> idea how I could promptly and internally (i.e. without all tax aspects
> and legal requirements) map the (partial) payments o
And yet, apart from that, it would already help me a lot if there was an
idea how I could promptly and internally (i.e. without all tax aspects
and legal requirements) map the (partial) payments of members and their
shares in the overall project, because the other tasks will take up
quite a bit
Thank you Stan and Michael,
I understand the challenge of answering my questions for this particular
type of project and also that of a mailing list.
We are in Bolivia and, as far as I know so far, non-profits, clubs or
community organizations are not represented in the legislation. In this
resp
Thank you David,
You do not have to account for the details of other entities (e.g. your members)
in accounting for contributions from members, In the eaxample you gave of a
member buying something for the community entity and being reimbursed, the
purchase by the member on behalf of the communit
Sebastian,
You do not have to account for the details of other entities (e.g. your members)
in accounting for contributions from members, In the eaxample you gave of a
member buying something for the community entity and being reimbursed, the
purchase by the member on behalf of the community creat
But when you ask an accounting question, particularly a rather esoteric
one, it's going to two sets of people: those who are _not_ professional
accountants and are reluctant to give an answer that might be incorrect
because of information the questioner didn't think to include, and those
who _are_
Stan Brown
Tehachapi, CA, USA
https://BrownMath.com
TL;DR version: I suggest contacting treasurers of other community
projects for best practices.
(Longer version below.)
On 2023-07-31 09:43, gibel...@gmx.net wrote, in part:
>
> Obviously my basic question was latently wrongly formulated. Of
Thanks for your responses Jim and Michael,
I believe I have a good understanding of assets, liabilities, income and
expenses. Not as deep an understanding as an accountant, of course, but
my work in the IT industry for large discount retailers and my personal
investments, have fortunately given me
On 7/31/2023 1:36 AM, Jim DeLaHunt wrote:
Hello, Sebastian:
Welcome to GnuCash! I hope it works well for you.
On 2023-07-30 22:28, gibel...@gmx.net wrote:
I have recently started using gnuCash and am trying to figure out if I
can use gnuCash in a meaningful way to map the cash flows in a commu
Hello, Sebastian:
Welcome to GnuCash! I hope it works well for you.
On 2023-07-30 22:28, gibel...@gmx.net wrote:
I have recently started using gnuCash and am trying to figure out if I
can use gnuCash in a meaningful way to map the cash flows in a community
project. I think I understand the basi
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