Quinn,
GnuCash is used in many jurisdictions/countries and the accounting treatment of
specific situations depends very strongly on the particular legislation,
particularly business law, taxation law, contract law and general law applying
in a given jurisdiction. These are not necessarily and in
I agree.
Regards,
Adrien
On 1/4/24 9:18 AM, Michael or Penny Novack wrote:
Users should keep in mind that when we say things like "you don't have
to close the books; gnucash can produce the necessary reports without
doing that" we are talking about PERSONAL books and sole
proprietorships. Equ
On 1/4/2024 9:34 AM, Adrien Monteleone wrote:
GnuCash is not getting in your way here. You are free to do what you
would do if you were keeping books using Pen & Ink. That process would
require the same accounts.
What GnuCash is not doing here, that you are asking for, is providing
a report so
On 1/3/24 12:19 PM, Quinn Wood wrote:
You already give advice on how to keep books on the wiki. There is an
entire page telling people you don't need to close your books in GnuCash
that proceeds to give people workarounds for how to do some of the things
closing your books accomplishes. Adding th
GnuCash is not getting in your way here. You are free to do what you
would do if you were keeping books using Pen & Ink. That process would
require the same accounts.
What GnuCash is not doing here, that you are asking for, is providing a
report so you don't have to mimic the formal methods of
On Wed, Jan 3, 2024 at 11:25 AM Adrien Monteleone <
adrien.montele...@lusfiber.net> wrote:
> Isn't that how it would be done using Pen & Ink anyway?
>
> GnuCash has some features to make a few routine tasks easier, but it
> should not get in your way from doing something via normal processes.
>
W
On 1/3/2024 1:19 PM, Quinn Wood wrote:
On Wed, Jan 3, 2024, 09:13 Michael or Penny Novack <
stepbystepf...@comcast.net> wrote:
Although I am NOT "qualified" to give advice I will give one example
related to the above to show not free to do just any old thing. If keeping
books for a corporation,
On Wed, Jan 3, 2024, 09:13 Michael or Penny Novack <
stepbystepf...@comcast.net> wrote:
> Although I am NOT "qualified" to give advice I will give one example
> related to the above to show not free to do just any old thing. If keeping
> books for a corporation, as soon as the Directors declare a
Isn't that how it would be done using Pen & Ink anyway?
GnuCash has some features to make a few routine tasks easier, but it
should not get in your way from doing something via normal processes.
Regards,
Adrien
On 1/2/24 11:49 AM, Quinn Wood wrote:
I've identified a solution for this issue t
On 1/2/2024 12:49 PM, Quinn Wood wrote:
On Tue, Jan 2, 2024, 10:43 Michael or Penny Novack
wrote:
Other than the suitability/unsuitability gnucash provided "tool" for
closing the books this isn't really a gnucash question.
I've identified a solution for this issue that does not requi
On Tue, Jan 2, 2024, 10:43 Michael or Penny Novack <
stepbystepf...@comcast.net> wrote:
> Other than the suitability/unsuitability gnucash provided "tool" for
> closing the books this isn't really a gnucash question.
>
I've identified a solution for this issue that does not require a custom
repor
Other than the suitability/unsuitability gnucash provided "tool" for
closing the books this isn't really a gnucash question. Yes,
partnerships, corporations, etc. will not simply be lumping all
components of equity together.
But worst case you so the "close the books" manually putting the net
On Sun, Oct 22, 2023 at 10:28 PM Quinn Wood wrote:
> On Sun, Oct 22, 2023 at 5:11 PM David Cousens
> wrote:
>
>> Have you investigated customizing the reports for the particular
>> situation and
>> renaming the report sections to meet your needs. The Edit->Report Options
>> alows
>> selecting pa
On Sun, Oct 22, 2023 at 5:11 PM David Cousens
wrote:
> Have you investigated customizing the reports for the particular situation
> and
> renaming the report sections to meet your needs. The Edit->Report Options
> alows
> selecting particular accounts, date ranges etc but modifying the report
> c
Quinn,
Have you investigated customizing the reports for the particular situation and
renaming the report sections to meet your needs. The Edit->Report Options alows
selecting particular accounts, date ranges etc but modifying the report code
(Scheme) allows you to customize them to whatever you w
On Sun, Oct 22, 2023 at 3:56 PM Stan Brown (using GC 4.14) <
stan...@fastmail.fm> wrote:
> On 2023-10-22 12:55, Quinn Wood wrote:
> > The only use case where retained earnings comes into play is when
> > performing bookkeeping for a business that is taxed separately from its
> > owners.
>
> I don'
On 2023-10-22 12:55, Quinn Wood wrote:
> The only use case where retained earnings comes into play is when
> performing bookkeeping for a business that is taxed separately from its
> owners.
I don't think that's right.
(1) I was on the Board of a 501(c)(3) tax-exempt charity, and we had
retained
GnuCash is designed to not need to. You can happily just keep plodding
along until the Sun consumes the Earth.
Closing books was necessary in pen and paper days because books were
physical volumes with limited space. They were not infinite.
This had the added benefit of catching errors
On Sun, Oct 22, 2023 at 1:42 PM Adrien Monteleone <
adrien.montele...@lusfiber.net> wrote:
> From the GnuCash website:
>
> "GnuCash is personal and small-business financial-accounting software..."
>
I will note that "small" in terms of revenue, assets, staff, or owners is
arbitrary, so I'll focu
From the GnuCash website:
"GnuCash is personal and small-business financial-accounting software..."
(also contained in the Readme.txt file)
How large or complicated of a 'small business' is meant here would be
better answered by one of the developers, but an example of out-of-scope
would be '
On Sun, Oct 22, 2023 at 12:56 PM Adrien Monteleone <
adrien.montele...@lusfiber.net> wrote:
> First, your use case might be out of scope for GnuCash.
>
Could you clarify what you believe the use case is, and what you believe
in-scope use of the software would be?
_
On 2023-10-22 09:47, Adrien Monteleone wrote:
> Why do you want to close the books? Habit?
> GnuCash is designed to not need to.
I was closing books because otherwise I thought I couldn't see current
year's income and expense totals.
But, as Adrien taught me, if you just want a way to see the curr
First, your use case might be out of scope for GnuCash.
But you might be able to accomplish #3 with a Transaction Report.
Since you want a delta though, you will likely have to run two such
reports with different ending dates (either independently or using the
Multi-Column report) and then exp
On Sun, Oct 22, 2023 at 9:59 AM Michael or Penny Novack <
stepbystepf...@comcast.net> wrote:
> Sorry, but this isn't really a gnucash question.
>
> By which I mean if you knew how to do this (by the standards of your
> jurisdiction) were the books being kept the old fashioned way, pen and
> ink on
The GnuCash workflow doesn't include 'closing the books'.
That function was added by request, but it is entirely optional.
Following up from Michael's answer, I'll ask:
Why do you want to close the books? Habit?
GnuCash is designed to not need to. You can happily just keep plodding
along unt
Sorry, but this isn't really a gnucash question.
By which I mean if you knew how to do this (by the standards of your
jurisdiction) were the books being kept the old fashioned way, pen and
ink on paper, you would have little difficulty doing it with the books
being kept using gnucash. The "ret
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