Thanks for the clarification.
I think you're on the right track now.
Regards,
Adrien
On 12/6/22 2:55 AM, Liz wrote:
Thanks Adrien
No I didn't have any reversed balance accounts set
and it wasn't the Payroll tax, that was OK.
'Super' is the standard way of pronouncing 'Superannuation' here, an
Hi Liz; I guess we should do similar activities in tracking GSTs, except I
don't handle company tax.
I have an account structure:
GST
GST:GST Sales [L]
GST:GST Purchases [A]
GST:GST BAS [A]
My sales are recorded as:
Income:Sales -$1000
GST:GST-Sales -$100
Asset:Bank +$1100
My purchases are recor
On Tue, 6 Dec 2022 00:57:44 -0600
Adrien Monteleone wrote:
> Liz,
>
> I just ran the chart for myself and indeed, it appears your
> Liabilities are backwards. That is, if you owe money, they should
> have a Credit balance, but yours show as Debit balance. (The *normal*
> balance of a Liability a
Liz,
I just ran the chart for myself and indeed, it appears your Liabilities
are backwards. That is, if you owe money, they should have a Credit
balance, but yours show as Debit balance. (The *normal* balance of a
Liability account is Credit, not Debit)
What is your preference setting for Ac
On Tue, 6 Dec 2022 17:30:35 +1100
Geoff wrote:
> Hi Liz
>
> I think the other side of that liability entry should be something
> like "Expenses:Company Tax".
>
> Regards
>
> Geoff
> =
>
Thanks for that.
A bit of rearranging and now the Net Worth barchart looks a bit more
logical.
Liz
___
Hi Liz
I think the other side of that liability entry should be something like
"Expenses:Company Tax".
Regards
Geoff
=
On 6/12/2022 5:01 pm, Liz wrote:
On Tue, 6 Dec 2022 15:40:06 +1100
Chris Grinton wrote:
The charts suggest that you have *negative* liabilities. That is,
while the u
On Tue, 6 Dec 2022 15:40:06 +1100
Chris Grinton wrote:
> The charts suggest that you have *negative* liabilities. That is,
> while the underlying accounts may have a type of "Liability", the net
> balance of these accounts is negative, so are effectively an asset.
>
> For "normal" positive liabi
I'm no accountant, but it looks to me like your liabilities are all negative.
When you subtract negative liabilities from assets, the net worth is greater.
A = 10
L = -1
NW = 10 - (-1) = 11
Will
On Dec 5, 2022, at 22:22, Liz wrote:
Gnucash Version: 4.12
Build ID: 4.12+(2022-09-24)
Here is a
The charts suggest that you have *negative* liabilities. That is, while the
underlying accounts may have a type of "Liability", the net balance of
these accounts is negative, so are effectively an asset.
For "normal" positive liabilities, the red bars in the chart would be above
the $0 line as per
