Re: [GNC] 1099's

2024-11-16 Thread Stan Brown (using GC 4.14)
On 2024-11-16 06:31, Robert Heller wrote: > At Sat, 16 Nov 2024 14:00:24 + "Maf. King" wrote: > >> Whats a 1099? is this something specific in the rules for the USA? > > Yes. It is a way for the IRS to track income > $999.99 that is not regular > wages (which are tracked with W2s). Eg a

Re: [GNC] 1099's

2024-11-16 Thread Stan Brown (using GC 4.14)
On 2024-11-16 08:40, R Losey wrote: > A question: If a contractor did three different jobs during the year, and > ALL of the invoices were under $1,000 (but together they sum to over > $1000), would a 1099 still need to be issued? It depends on whether you are operating a trade or business or not

Re: [GNC] Closing out QB Pro?!

2024-11-16 Thread Jim DeLaHunt
Hello, Dan, and welcome to GnuCash! On 2024-11-16 08:48, Dan a1TNC wrote: ...I have not found or seen anyway you could export [from QBooks] then Import into GNUCash. If there is I would sure like to know how. Sure!  You might want to start by reading the GnuCash Tutorial and Guide

Re: [GNC] Closing out QB Pro?!

2024-11-16 Thread David Cousens
John, I would try importing the .qbx export file as an OFX file if you can open it with a text editor. There is a good chance that it is just a proprietary version of the OFX standard format since it is intended for export of Quickbooks data to accountants who may or may not be using Quickbooks an

Re: [GNC] 1099's

2024-11-16 Thread sunfish62--- via gnucash-user
"Wiki-editing-team" !!! It's a wiki. We (and you) are the team. ⁣David T. ​ On Nov 17, 2024, 12:17 AM, at 12:17 AM, Liz wrote: >On Sat, 16 Nov 2024 11:30:53 -0500 >Bruce Griffis wrote: > >> Reddit has a nice, older entry on that: >> >> >https://www.reddit.com/r/GnuCash/comments/eqpkih/how_to

Re: [GNC] 1099's

2024-11-16 Thread Liz
On Sat, 16 Nov 2024 08:20:59 -0500 halatch1008 via gnucash-user wrote: > I still can Not find answer on how to select my Vendors to print a > list of my Vendors who I need to send 1099's to.Thanks,Heidi > LatchSent from my Verizon, Samsung Galaxy smartphone > Original message Fro

Re: [GNC] 1099's

2024-11-16 Thread David Cousens
Heidi, 1099's are clearly juridictional specific to the US and not anything specifically to do with GnuCash per se.  Following on from Rob Heller's comments on the 1099, the way you recognize that income you have received is subject to a 1099 is that you should receive a copy of the form from any

Re: [GNC] 1099's

2024-11-16 Thread Michael or Penny Novack via gnucash-user
A question: If a contractor did three different jobs during the year, and ALL of the invoices were under $1,000 (but together they sum to over $1000), would a 1099 still need to be issued? YES --- which is why I described "data needed" the way that I did. Michael D Novack

Re: [GNC] properly record short-selling

2024-11-16 Thread Murugan Mariappan
you would have the following journal entries: a. Short Sale Transaction: * Debit: Cash (Asset) $2,613.68 * Credit: Short Sale Liability (Liability) $2,613.68 b. Borrowed Margin Loan: * Debit: Margin Deposit (Asset) $1,175.16 * Credit: Loan Payable (Liability) $1,175.16 $3,789

Re: [GNC] 1099's

2024-11-16 Thread Liz
On Sat, 16 Nov 2024 11:30:53 -0500 Bruce Griffis wrote: > Reddit has a nice, older entry on that: > > https://www.reddit.com/r/GnuCash/comments/eqpkih/how_to_deal_with_usa_1099misc_in_gnucash/ > > I haven't stepped through it yet, but it looks like it can at least > get you to a summary. That

Re: [GNC] 1099's

2024-11-16 Thread Robert Heller
At Sat, 16 Nov 2024 10:40:26 -0600 R Losey wrote: > > Thank you, Robert, for that information about 1099s. I am familiar with > the 1099-INT and 1099-DIV, and 1099-R, but the the usage that the question > is about. Very helpful being on this list. > > A question: If a contractor did three differ

Re: [GNC] Account Register not Populating

2024-11-16 Thread Tommy Trussell
On Sat, Nov 16, 2024 at 10:50 AM David Carlson wrote: > I am running Release 5.9 in Windows 10 with a data file on a USB key. For > some reason it is not stable and it hangs and/or crashes from time to > time. It did it again this morning. If you are experiencing hangs or crashes with GnuCash

Re: [GNC] 1099's

2024-11-16 Thread Robert Heller
At Sat, 16 Nov 2024 10:08:05 -0800 "Stan Brown (using GC 4.14)" wrote: > > > > On 2024-11-16 06:31, Robert Heller wrote: > > At Sat, 16 Nov 2024 14:00:24 + "Maf. King" wrote: > > > >> Whats a 1099? is this something specific in the rules for the USA? > > > > Yes. It is a way for the

Re: [GNC] Closing out QB Pro?!

2024-11-16 Thread sunfish62--- via gnucash-user
This comes up with regularity on the lists as people look to abandon QuickBooks and come to GnuCash. There is an entry in the FAQ on the wiki (https://wiki.gnucash.org/wiki/FAQ#Q:_How_do_I_import_my_data_from_Quickbooks.28TM.29.3F) that explains that QB uses a proprietary format that no one has

Re: [GNC] 1099's

2024-11-16 Thread Liz
On Sun, 17 Nov 2024 09:49:00 +0300 sunfish62--- via gnucash-user wrote: > "Wiki-editing-team" !!! > > It's a wiki. We (and you) are the team. > > ⁣David T. ​ I think I have write permissions on the wiki, but would rather stick to my long term job as moderator, and assess all the spam directed

Re: [GNC] Closing out QB Pro?!

2024-11-16 Thread Michael or Penny Novack via gnucash-user
On 11/16/2024 12:01 PM, R Losey wrote: I believe that QB lets you export the data in some form, and GnuCash will import that. Sorry to be so general, but I didn't import data; I just started fresh with GnuCash. But I believe that the process is documented in the GnuCash material. All apps SHOUL

Re: [GNC] Account Register not Populating

2024-11-16 Thread David Carlson
An update on my experience: I am running Release 5.9 in Windows 10 with a data file on a USB key. For some reason it is not stable and it hangs and/or crashes from time to time. It did it again this morning. Since I wanted to go back to a backup from yesterday in order to recover I decided that

Re: [GNC] 1099's

2024-11-16 Thread Gyle McCollam
Robert, The 1099 is cumulative, so if you have multiple invoices over the threshold they do need the 1099 even if no single invoice is over. And yes, bank send a 1099-Int if you have over $9.99 in interest. Thank You, Gyle McCollam Gyle McCollam gmccol...@live.com

Re: [GNC] 1099's

2024-11-16 Thread Bruce Griffis
Reddit has a nice, older entry on that: https://www.reddit.com/r/GnuCash/comments/eqpkih/how_to_deal_with_usa_1099misc_in_gnucash/ I haven't stepped through it yet, but it looks like it can at least get you to a summary. BruceG (that other bruce over there, not the singy one and not the bitey

Re: [GNC] 1099's

2024-11-16 Thread R Losey
Thank you, Robert, for that information about 1099s. I am familiar with the 1099-INT and 1099-DIV, and 1099-R, but the the usage that the question is about. Very helpful being on this list. A question: If a contractor did three different jobs during the year, and ALL of the invoices were under $1

Re: [GNC] Closing out QB Pro?!

2024-11-16 Thread R Losey
I believe that QB lets you export the data in some form, and GnuCash will import that. Sorry to be so general, but I didn't import data; I just started fresh with GnuCash. But I believe that the process is documented in the GnuCash material. If you have a lot of data in QB, you may want to do a ye

Re: [GNC] Closing out QB Pro?!

2024-11-16 Thread Dan a1TNC
I have come over from QBooks as the price has gone up 400% in one year. I have not found or seen anyway you could export then Import into GNUCash. If there is I would sure like to know how. I have taken a few accounts at a time and updated them as i go and compared them to each other. And so far i

[GNC] How select Vendors for 1099's

2024-11-16 Thread halatch1008 via gnucash-user
Thanks for reply on how to back up and print Memo oncheck.I'm still looking for suggestions on how to select my Vendors i need to send 1099's to. PLEASE.Thanks,Heidi LatchSent from my Verizon, Samsung Galaxy smartphone Original message From: gnucash-user-requ...@gnucash.org Date:

Re: [GNC] 1099's

2024-11-16 Thread Robert Heller
At Sat, 16 Nov 2024 14:00:24 + "Maf. King" wrote: > > On Saturday, 16 November 2024 13:20:59 GMT halatch1008 via gnucash-user wrote: > > I still can Not find answer on how to select my Vendors to print a list of > > my Vendors who I need to send 1099's to. > > > Thanks,Heidi LatchSent from

Re: [GNC] 1099's

2024-11-16 Thread Maf. King
On Saturday, 16 November 2024 13:20:59 GMT halatch1008 via gnucash-user wrote: > I still can Not find answer on how to select my Vendors to print a list of > my Vendors who I need to send 1099's to. > Thanks,Heidi LatchSent from my > Verizon, Samsung Galaxy smartphone Whats a 1099? is this so

[GNC] 1099's

2024-11-16 Thread halatch1008 via gnucash-user
I still can Not find answer on how to select my Vendors to print a list of my Vendors who I need to send 1099's to.Thanks,Heidi LatchSent from my Verizon, Samsung Galaxy smartphone Original message From: gnucash-user-requ...@gnucash.org Date: 11/14/24 7:22 PM (GMT-05:00) To: g

Re: [GNC] Closing out QB Pro?!

2024-11-16 Thread Michael or Penny Novack via gnucash-user
Is it better on hardware or a VM, does anyone build it on a docker container with its own database? Thank you everyone, Best, John "is it better on hardware?" LOL, it has been a LONG time since anybody has been running programs "on hardware". Quite likely before you were born. You are

Re: [GNC] 1099's

2024-11-16 Thread Michael or Penny Novack via gnucash-user
On 11/16/2024 8:20 AM, halatch1008 via gnucash-user wrote: I still can Not find answer on how to select my Vendors to print a list of my Vendors who I need to send 1099's You mean an automated way? Let's first analyze the DATA you need to make the determination. You need a list of vendors to

Re: [GNC] properly record short-selling

2024-11-16 Thread Christopher Lam
Not sure how to record your particular transaction with short-selling stock and foreign currency both involved. This sounds like a mess for you and for your accountant. There's a Stock Transaction Assistant which is activated when you're viewing your STOCK account and is intended to record stock ac