Re: [GNC] Where do 'opening liabilities' go?

If I found something of value that was included in a past transaction, such as that nice William Woodard artwork in the attic, then I'd adjust the description of what was purchased as 1 house and a couple of paintings. Other than the memo, as appropriate, I would not make a journal entry to equi

Re: [GNC] Windows 11 Reports Blank

No luck so far and I can find no further reports. Is it something to do with Internet Explorer, I have managed to get it installed on Windows 11. Trace Report: * 08:53:43 ERROR [webkit_resource_load_error()] WebKit load of resource file:///C:/Users/KEITHW~1/AppData/Local/Temp/gnc-report-XO

[GNC] How to find what one can put in GnuCash configuration files?

I've found the wiki page that documents where GnuCash has its configuration files and how you can change the locations:- https://wiki.gnucash.org/wiki/Configuration_Locations However I can't find anywhere that documents what you can put in the configuration files. For example what can be put

Re: [GNC] Accounting of loan intended to be paid at the later date by non financial assets

This would largely depend on which GAAP you are following. You are quoting Rs which I assume means Rupees and therefore Indian GAAP, which I have zero knowledge of. Under IFRS / US GAAP, you need to look at the substance of the transaction. 1. you have a loan 2. you are settling via an asset 3.

Re: [GNC] Windows 11 Reports Blank

When I go to the Temp directory, I find the invoice in an HTML file which I can print to PDF. So the file is not going into the app. For info there are 4 error reports, that is because I tried to print it twice. So each attempt to print gives 2 error messages. On 10/11/2024 11:07, Keith W Jon

Re: [GNC] Where do 'opening liabilities' go?

Hello Chris, If you are taking over from someone else's accounting work in the church it would be better if you get a trial balance from them and set up a new file in Gnucash following the structure they had set up previously. If you need an Opening balance when you are creating the accounts there

Re: [GNC] Where do 'opening liabilities' go?

All opening balances should be mapped to equity account Same way you can create new loans for building and map the entry to equity Saludos Cordiales Murugan From: gnucash-user on behalf of Chris Green Sent: 10 November 2024 10:44 To: gnucash-user@gnucas

Re: [GNC] Accounting of loan intended to be paid at the later date by non financial assets

Thanks Jason for offering insight in the issue. Though Rupees 1 million is a loan effectively, I can differently consider the same amount as advance amount received from the client ,of course it will go to liability. Ideally, as you have mentioned, it should have been settled like a normal bor

Re: [GNC] Where do 'opening liabilities' go?

On Sun, Nov 10, 2024 at 04:30:19PM +, Murugan Mariappan wrote: > > > >From: gnucash-user > > on behalf > >of Chris Green > >Sent: 10 November 2024 10:44 > >To: gnucash-user@gnucash.org > >Subject: Re: [GNC] Where do 'opening liabilities' go? > > > >On Sun, Nov 10,

Re: [GNC] Accounting of loan intended to be paid at the later date by non financial assets

Income received in advance would not normally be a consideration for something that takes 12 months which is why you couldn't not treat it as income and settle via invoice. The substance of the transaction is that the client is funding you to produce the goods so it would be a loan under IFRS a

Re: [GNC] How to find what one can put in GnuCash configuration files?

Chris, The user preferences are created using the Edit->Preferences item from the menu. there are also meta files created here when yu open a new set of books and there is some information set by the File->Properties menu item specific to a particular book. AFAIK nearly all the content in thee fil

Re: [GNC] Where do 'opening liabilities' go?

Chris The opening entry for existing liabilities looks like' Liabilities: Cr Equity: Opening Balances Dr and there will be corres[ponding similar entries for existing assets Assets:Dr Equity: Opening Balances Cr Here you

Re: [GNC] Where do 'opening liabilities' go?

On Sun, Nov 10, 2024 at 01:13:30PM -0500, Derek Atkins wrote: > Hi, > > On Sun, November 10, 2024 12:43 pm, Chris Green wrote: > > > OK, that's fine, so I have an equity account with the amount owed from > > the current account to the building fund. That amount transfers to an > > account in Lia

Re: [GNC] Where do 'opening liabilities' go?

Hi, On Sun, November 10, 2024 12:43 pm, Chris Green wrote: > OK, that's fine, so I have an equity account with the amount owed from > the current account to the building fund. That amount transfers to an > account in Liabilities. However I'm stuck on how I add further > amounts owing to the bui

Re: [GNC] Strange display of share price

Flavio, Your problem is that VT’s parent is IBKR and that’s denominated in CHF. GnuCash sets the currency for non-currency accounts using the first parent account that’s denominated in a currency. That has a couple of consequences, the most significant being that if you start a transaction in t

Re: [GNC] Accounting of loan intended to be paid at the later date by non financial assets

This would largely depend on which GAAP you are following. You are quoting Rs which I assume means Rupees and therefore Indian GAAP, which I have zero knowledge of. Under IFRS / US GAAP, you need to look at the substance of the transaction. 1. you have a loan 2. you are settling via an asset 3.

Re: [GNC] Where do 'opening liabilities' go?

Chris If you receive further donations to the building fund during the year these will be new income so the second account to the bank account will be an Income account, i.e. an appropriately named subaccount of the top level income account and the account receiving the money will be an Asset acco

Re: [GNC] Where do 'opening liabilities' go?

On Sun, Nov 10, 2024 at 12:31:26PM +, Chris Green wrote: > When opening a new set of accounts where does one put a liability that > exists when the accounts are started? > > I guess they are a sub-account of Liabilities but I'm not quite clear > where they transfer from/to and whether they sho

[GNC] Where do 'opening liabilities' go?

When opening a new set of accounts where does one put a liability that exists when the accounts are started? I guess they are a sub-account of Liabilities but I'm not quite clear where they transfer from/to and whether they should be +ve or -ve. -- Chris Green ___

[GNC] Accounting of loan intended to be paid at the later date by non financial assets

Hello All, I have a user case for which I seek advice for both accounting principle point of view as well for posting in GNUCASH. I receive a loan of say Rs. 1 million in current day. With the condition that it will be paid back by non financial asset at the end of the 12 months, by way of sa

[GNC] Where do I find "gnc:option-set-value" and "gnc-set-option"?

I just started a new set of accounts with GnuCash 5.6 and I'm getting a warning:- Some deprecated features have been used. Set the environment variable GUILE_WARN_DEPRECATED to "detailed" and rerun the program to get more information. Set it to "no" to suppress this message. Thi

Re: [GNC] Where do 'opening liabilities' go?

Have you read the Basics section of the GnuCash Tutorial and Concepts guide (https://www.gnucash.org/docs/v5/C/gnucash-guide/index.html) . It is a basic introduction to the principles of accounting although fairly concise. David Cousens UH unfortunately basics not enough for those of us

Re: [GNC] Where do 'opening liabilities' go?

Silly Question: Which William Woodward made those paintings? The one born in Seekonk, Massachusetts on May 1st 1859 or the one born in Washington, D.C in1935? On Sun, Nov 10, 2024 at 4:28 PM Michael or Penny Novack via gnucash-user < gnucash-

Re: [GNC] Where do 'opening liabilities' go?

Michael It may be an appropriate time to add to the guide or the wiki a section specifically dealing non-profit accounting and issues like restricted funds. That is likely to be a significant part of the GnuCash user base. David Cousens On Sun, 2024-11-10 at 17:49 -0500, Michael or Penny Novack

Re: [GNC] Where do 'opening liabilities' go?

The Equity account is (generally) only used for opening balances before you start accounting. Once you get going, any account opening would necessarily have a counter/balance account. For example, if you open a Car Loan, the counter-account would be the Car (Asset), and possibly some Tax & Fee E

Re: [GNC] Where do 'opening liabilities' go?

On 11/10/2024 5:51 PM, David Carlson wrote: Silly Question:  Which William Woodward made those paintings?  The one born in Seekonk, Massachusetts on May 1st 1859 or the one born in Washington, D.C in1935? Either would do for the example, a