Re: [GNC] Equity Account "problem"

2023-07-13 Thread Michael or Penny Novack
1) Gnucash account ledgers should be thought of as primarily just a place to enter and edit actual transactions. That's a SHORT CUT and available only when the transaction being entered has just a single debit and single credit. In a way a "special case" except probably true for 90+% of your

Re: [GNC] Two Instances as opposed to two separate files

2023-07-14 Thread Michael or Penny Novack
On 7/14/2023 1:14 AM, Ken Pyzik wrote: Question about a matter of setup. I use Windows 11 - so answers/information specific to that OS would be appreciated. First - can two instances of the program be loaded (exist in the system) such that one instance opens a personal file and one opens a bu

Re: [GNC] Two Instances as opposed to two separate files

2023-07-15 Thread Michael or Penny Novack
Of course Mac doesn't know how to open a file in Gnucash, so that remains different. Liz Neither does a machine under Windows unless it has been "told" what application to use for an object of that type. Just because an object has a file extension isn't enough. There also has to be an ent

Re: [GNC] Two Instances as opposed to two separate files

2023-07-15 Thread Michael or Penny Novack
With 'cash accounting' it's trivial to ensure the end of year figures are correct, they **must** be the same as the bank statement for 31st December. Similarly uncashed cheques simply don't appear, a cheque payment only appears in the accounts when it is actually debited from the bank account.

Re: [GNC] "Comparative" reports?

2023-07-19 Thread Michael or Penny Novack
Not only can you create the two reports, export them, and print them to look at side by side. But you can also use your favorite full function editor to place them side by side. And do not that some editing might be necessary in any case because the reports from consecutive periods might not li

Re: [GNC] Should GNUCash allow a split to reference the same account twice

2023-07-21 Thread Michael or Penny Novack
A good, clear example why something like that should be allowed. Ordinary users need examples like that to make it real to them (why should NOT be disallowed even though very rarely needed). I would perhaps just have pointed out that gnucash should not disallow something that COULD be entered

Re: [GNC] How to record payments for several items paid with a single transaction?

2023-07-21 Thread Michael or Penny Novack
I'm just going to speak to this part of the matter. a) The way you enter a transaction via "split" is the original way all transactions were entered. First into the "journal" and then posted to the "ledger". When you are entering a "split" you are in journal mode though with gnucash the journa

Re: [GNC] Should GNUCash allow a split to reference the same account twice

2023-07-21 Thread Michael or Penny Novack
round with different credit cards for different purposes. Thus I have one strictly for tax deductible medical expenses (nothing else put on there) On 7/21/2023 11:51 AM, Henry Law wrote: On Fri, 2023-07-21 at 11:43 -0400, Michael or Penny Novack wrote: A good, clear example why something like that

Re: [GNC] How to record payments for several items paid with a single transaction?

2023-07-22 Thread Michael or Penny Novack
But what if one has cash from two collections to go to the same account. I.e. a collection on 22nd July and a collection on 29th July both paid in at the same time? First of all, you are perhaps confusing when money/cash/check received with when deposited. Let's say the following events: a

Re: [GNC] How to record payments for several items paid with a single transaction?

2023-07-23 Thread Michael or Penny Novack
What sort of account would the 'intermediate' account be? It's not an 'income' because money from it doesn't go straight to the bank account. I guess it could be called an Asset. In fact I suppose an Asset account called 'Cash in Hand' would make some sense. The reality is that I only count

Re: [GNC] Another try at "How to record payments for several items paid with a single transaction?"

2023-07-24 Thread Michael or Penny Novack
I believe this is another case where "history" might be important. For people who know how bookkeeping worked in the days of pen and ink on paper obvious, but for those not familiar with that, what gnucash is doing (automating parts of that old process) less so. In the "old days" there were tw

Re: [GNC] Cannot write to file a new wrinkle

2023-07-30 Thread Michael or Penny Novack
On 7/30/2023 8:13 AM, Adrien Monteleone wrote: Also, verify that GnuCash is not running, then check to see if you have any files ending with a '.lck' extension in that data folder and delete those. (but reply back with their file names first) BE CAREFUL --- this control of a resource by havin

Re: [GNC] Ideas and recommendations for community project

2023-07-31 Thread Michael or Penny Novack
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

Re: [GNC] Ideas and recommendations for community project

2023-07-31 Thread Michael or Penny Novack
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_

Re: [GNC] Ideas and recommendations for community project

2023-08-01 Thread Michael or Penny Novack
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

Re: [GNC] GnuCash preferred OS - Windows or Linux

2023-08-01 Thread Michael or Penny Novack
On 8/1/2023 4:29 AM, Ben Kamen wrote: On 7/27/23 11:55 AM, Adrien Monteleone wrote: GnuCash won't let you make 'double entry errors'. Well - I think I used the wrong term... When i say "double entry" - I'm meaning having to manually enter transactions from banking statements into accounting

Re: [GNC] Today's search....for .lck

2023-08-01 Thread Michael or Penny Novack
On 8/1/2023 11:12 AM, Mahon Finbar via gnucash-user wrote: GNU FEB 12 2019.gnucash.20210219151108.gnucash.LCK I did a restart of the pc and did the search again for .lck and this is is what I get. It is marked modified on 1.03.2021, type LCK file, 0 KB Further mystery. I appreciate your

Re: [GNC] Today's search....for .lck

2023-08-02 Thread Michael or Penny Novack
If you do a search for all files with file extension ".lck" what reason do you have to suppose that it is a lock file for a gnucach file? I will repeat, this is a rather common method for preventing simultaneous access to a resource. Do you KNOW that none of your other applications are usi

Re: [GNC] Ideas and recommendations for community project

2023-08-02 Thread Michael or Penny Novack
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

Re: [GNC] Installing 3.11 in Windows

2023-08-03 Thread Michael or Penny Novack
My concern would be that GnuCash stores some data in the user's home directory (reports; perhaps preferences), and there may be issues with having the same user try to run three different versions. Not some data but all data (it is the program, etc. that is in a directory shared by all users)

Re: [GNC] Accounting period on a per-file basis?

2023-08-06 Thread Michael or Penny Novack
On 8/5/2023 5:34 PM, Stan Brown (using GC 4.14) wrote: My own accounting period is the calendar year, but a nonprofit I'm keeping books for uses a fiscal year ending July 31st. Accounting period seems to be a per-user setting, not a per-book setting. Is there actually a way to have different acco

Re: [GNC] Accounting period on a per-file basis?

2023-08-06 Thread Michael or Penny Novack
To Michael's point, setting specific dates, that's not as convenient, but maybe saving one report with two sets of options will reduce the amount of date selection I have to do, even if it doesn't reduce it to zero. Perhaps lack of clarity what is meant by "saved report" Thus for any entity,

Re: [GNC] Today's search....for .lck

2023-08-07 Thread Michael or Penny Novack
On 8/7/2023 5:59 AM, Mahon Finbar via gnucash-user wrote: BTW, forgot to mention, the date of the last transaction in the file that I mentioned that opens, is in 2022!! I certainly have been updating my records since then. Barry You perhaps might have noticed discussions here about keeping

Re: [GNC] Need advice I use Quickbooks and only for personal use. All I do is bank accounts entries & credit cards, just use P&L & Balance Sheet reports

2023-08-08 Thread Michael or Penny Novack
On 8/7/2023 8:44 PM, Gregory Robertson wrote: I'm use to QuickBooks Pro but as I mentioned I only use a few of the features. Is this a good software for me to do just the basics. Also, I just want to do on desktop, no online. I am not use to your format. Could you please send me an answer to m

Re: [GNC] Today's search....for .lck

2023-08-10 Thread Michael or Penny Novack
On 8/10/2023 11:12 AM, Adrien Monteleone wrote: Barry, Be sure you aren't confusing the two users on your system! (one is "Barry Mahon" and the other is "administrato") Regards, Adrien Barry. although you are a single human being with multiple user log ins on your computer, the computer

Re: [GNC] How to transfer all my accounts etc. to new computer.

2023-08-12 Thread Michael or Penny Novack
On Friday, 11 August 2023 15:00:35 BST Shevach Pepper wrote: I’m sure this is really simple but I’m not successful. I installed gnucash on new computer but I can’t find an option to import all my old accounts from old computer. I’m sure this has been asked before, but I can’t f

Re: [GNC] Need advice I use Quickbooks and only for personal use. All I do is bank accounts entries & credit cards, just use P&L & Balance Sheet reports

2023-08-12 Thread Michael or Penny Novack
On 8/12/2023 9:02 AM, Brad Morrison wrote: Hi Gregory/Susan/Richard/all, I think that it is important to remember that GnuCash is an all volunteer project and not an accounting system suitable for almost any type of organization, other than a very simple one: https://github.com/Gnucash/gnuca

Re: [GNC] How to transfer all my accounts etc. to new computer.

2023-08-12 Thread Michael or Penny Novack
I’m sure this is really simple but I’m not successful. I installed gnucash on new computer but I can’t find an option to import all my old accounts from old computer. I’m sure this has been asked before, but I can’t find any instructions on how to do it. On my old computer

Re: [GNC] Consolidation of family member accounts

2023-08-13 Thread Michael or Penny Novack
On 8/13/2023 1:45 PM, Paras Desai wrote: Thanks for your reply The question arises because; My wife and I maintain separate accounts. She has her own income and tax filing. So we need to maintain accounts independent of each other. But at the same time, we wish to maintain family level accoun

Re: [GNC] Consolidation of family member accounts

2023-08-14 Thread Michael or Penny Novack
Generally, I consider equity as a holy account, as it is a result of all we do with all other accounts, but this case could be an exception. That's a misunderstanding of equity coming from the (very common) special case of "sole" entities. But say, for example, the entity were a partnersh

Re: [GNC] Consolidation of family member accounts

2023-08-14 Thread Michael or Penny Novack
As I have replied to Liz and addressing your valid point, i am maintaining three separate books for each one of us, independent to each other. And that is why I raised a query how I can combine or consolidate three books to create one virtual book which I would call a family book. When I su

Re: [GNC] Consolidation of family member accounts

2023-08-14 Thread Michael or Penny Novack
On 8/14/2023 12:11 PM, Paras Desai wrote: Thanks for a sharing fundamental understanding of accounting, that too coming from a person who seems to have actually done booking keeping with pen and paper is a real treat. 😊 LOL --- it wasn't THAT long ago. In the 1950's (I was a teen in the late

Re: [GNC] Profit and loss report

2023-08-25 Thread Michael or Penny Novack
On 8/25/2023 3:31 PM, Roger Lewry via gnucash-user wrote: Please can anyone tell me if it is possible to generate a P&L report for a previous accounting period? I have been able to create a report for the period from 1 January 2023 to the present time but cannot see how to specify a different

Re: [GNC] Fwd: Gnucash

2023-08-27 Thread Michael or Penny Novack
On 8/27/2023 6:47 AM, Mahon Finbar via gnucash-user wrote: I may have had finger problems, but, as I said the number of GNU files makes it difficult to focus in. Thanks for the advice, Barry Barry, You seem to have  a number of problems, so let's address them separately. "The number of

Re: [GNC] Fwd: Gnucash

2023-08-27 Thread Michael or Penny Novack
On 8/27/2023 8:48 AM, Adrien Monteleone wrote: On 8/27/23 5:41 AM, Mahon Finbar via gnucash-user wrote: Sorry for any ignorance, but logged in to what or where? When you log into Windows on your computer. From what you've provided so far, you have 2 users on that computer: 1. 'administrato'

Re: [GNC] moving unpaid invoices between businesses?

2023-08-28 Thread Michael or Penny Novack
I have a conundrum - I have historic unpaid invoices in one business and would like to transfer them to another business.  Both conceptually, how should I go about this, and practically how should I go about this with two sets of gnucash accounts? I thought of issuing credit notes against th

Re: [GNC] moving unpaid invoices between businesses?

2023-09-02 Thread Michael or Penny Novack
On 9/2/2023 8:58 AM, Morgan Read wrote: Follow up to: https://lists.gnucash.org/pipermail/gnucash-user/2023-August/108616.html And, apologies again for not following up until after the month has rolled over... Assume this is the year 1950 and so you are keeping your books the way they did bac

Re: [GNC] Transaction inconsistency when deleting account

2023-09-03 Thread Michael or Penny Novack
On 9/3/2023 2:27 PM, Jediator wrote: Hi, I'm a new GC user after using QB for many years.  One problem I encountered was when I delete an account with transactions (instead of deleting transactions manually one at a time), the corresponding transactions in other accounts won't get deleted autom

Re: [GNC] Advance portfolio report between two dates

2023-09-03 Thread Michael or Penny Novack
On 9/3/2023 2:43 PM, Paras Desai wrote: Hi Ken Thanks for your kind reply and efforts in explaining a way. Apparently, it appears that there is no alternative but to run reports on two dates and compare or do some analysis. Any reports comparing two period is a desirable thing in finance and

Re: [GNC] Transaction inconsistency when deleting account

2023-09-03 Thread Michael or Penny Novack
On 9/3/2023 5:57 PM, Stan Brown (using GC 4.14) wrote: On 2023-09-03 12:12, Michael or Penny Novack wrote: Each of those transactions in the CC account you are deleting had another account associated with it (at least one other account, could be more if a "split"). I am not familiar

Re: [GNC] Advance portfolio report between two dates

2023-09-04 Thread Michael or Penny Novack
On 9/4/2023 1:04 PM, Paras Desai wrote: Hello Michael Thanks for your feed back. I fully agree that Dynamic COA can create havoc while comparing two period (dates) financial report. That is the precise reason, I have very precisely structured primary account and secondary sub account so far

Re: [GNC] Transaction inconsistency when deleting account

2023-09-05 Thread Michael or Penny Novack
Let's not to discuss whether it's a good idea or not to delete an account that contains transactions.  It's a valid user function in GC to delete a non-empty account. Whether a "valid user function" or not depends on the level of formality. In other words, your accounting "standards". S

Re: [GNC] Transaction inconsistency when deleting account

2023-09-05 Thread Michael or Penny Novack
On 9/5/2023 5:46 PM, Stephen M. Butler wrote: Yup.  If you messed up an import then you definitely want to delete those transactions in all accounts.  If you left those entries hanging out there then a new import will also really mess up everything even more royally than what Gyle is suggesting

Re: [GNC] Using GnuCash as an Accounting Tutor

2023-09-10 Thread Michael or Penny Novack
I currently use examples built in Excel but am exploring the possibility of moving to GnuCash, which allows its users to think in terms of double-entry accounting using debits and credits, and to make entries using these terms. It allows students to create different types of accounts (asset/lia

Re: [GNC] Where are GC log files located on Mac with remote database server?

2023-09-11 Thread Michael or Penny Novack
On 9/11/2023 12:30 PM, john wrote: The MySQL and PostgresQL backends write the transaction logs to GNC_CONFIG_DIR/translog. See https://wiki.gnucash.org/wiki/Configuration_Locations to see where GNC_CONFIG_DIR is on your OS. Regards, John Ralls Or . use the search tools of your OS (to f

Re: [GNC] keyboard shortcut - how to implement for open/close splits?

2023-09-12 Thread Michael or Penny Novack
On 9/12/2023 1:17 PM, George Riner wrote: I really wish there was a keyboard shortcut to open/close the Splits on the transaction I'm in. Is there some edit I can make to a file somewhere in gnucash that would make this effect? I have been staying out of this because what is being asked ab

Re: [GNC] Inventory

2023-09-13 Thread Michael or Penny Novack
On 9/12/2023 8:02 PM, David G. Pickett via gnucash-user wrote: Does GNUCash do inventory at least on a small scale?  It seems like a security or stock, you could define a price for sales or a recent/current cost for supplies, and when you sell or order it might be like a stock sale or order.

Re: [GNC] keyboard shortcut - how to implement for open/close splits?

2023-09-14 Thread Michael or Penny Novack
On 9/14/2023 8:55 AM, Stan Brown (using GC 4.14) wrote: Just as a point of information, I prefer Basic view because I can get more transactions on my screen that way. When reviewing a previously entered transaction in an account register, I usually click the Split button rather than changing the

Re: [GNC] Advanced Portfolio Report - Brokerage Fees

2023-09-14 Thread Michael or Penny Novack
2. Record the tax split in the sell transaction directing it to a transitory asset account and then recording a separate tax transaction in the transitory account directing it to the tax expense account. No, it not YET a "tax expense" but an asset. Maybe confused because both debit? Only w

Re: [GNC] Advanced Portfolio Report - Brokerage Fees

2023-09-14 Thread Michael or Penny Novack
No, it not YET a "tax expense" but an asset. Maybe confused because both debit? In my country it is a tax expense at the moment you sell shares of a mutual fund. You cannot compensate for it when filing your tax report even if you lose money in the future. It is gone. Government calls it "exc

Re: [GNC] Recovering

2023-09-15 Thread Michael or Penny Novack
On 9/14/2023 8:25 PM, Rogier F. van Vlissingen wrote: I had a disastrous disk crash, and on top of that a backup that appeared to have holes in it, so I was up a creek without the infamous paddle. Now recovering, and I feel like a stranger in my own house. Just looking at my GNUCash files (I hav

Re: [GNC] GnuCash_user: rounding errors and significant digits

2023-09-26 Thread Michael or Penny Novack
On 9/25/2023 9:50 PM, Adrien Monteleone wrote: It still did not come through as you likely can't send zip files through this mailman instance. What exactly are you sending, just images? Attach them individually, or else post them on a hosting site and simply paste the links in another reply.

Re: [GNC] Reconciliation of accounts is not permanent

2023-09-27 Thread Michael or Penny Novack
The purpose of reconciliation is to verify that from the last closing date to the new closing date, the listed transactions cleared the account and thus explain the change from the opening balance (last closing balance) to the new closing balance listed on the statement. The actual balance

Re: [GNC] Bad date not caught

2023-10-12 Thread Michael or Penny Novack
On 10/12/2023 10:40 AM, Fred Tydeman wrote: In an account, I clicked on Duplicate of a transaction. I got a small popup with the date field highlighted. I typed in 5.19.21 (instead of the correct 5/19/21) and pressed enter. That got me the transaction duplicated, but with the date of 12/31/1969.

Re: [GNC] Closest to report date bug?

2023-10-15 Thread Michael or Penny Novack
On 10/15/2023 1:02 AM, Sherlock wrote: On Oct 11, 2023, at 09:17, Marta Neeziak https://lists.gnucash.org/mailman/listinfo/gnucash-user>> wrote: Not sure what's going on here - but I updated to 5.4 last week and have since had issues with generating graphs that use "Closest to report date" for p

Re: [GNC] Bulk invoice printing

2023-10-17 Thread Michael or Penny Novack
On 10/16/2023 9:51 PM, Arek Skibicki wrote: We are a small community organization and are just starting to use GnuCash. We create invoices for our annual dues to each member.  It would make life much easier if we could print those invoices in bulk rather than going from one member to the next

Re: [GNC] I need basic help

2023-10-19 Thread Michael or Penny Novack
On 10/19/2023 2:04 AM, Edwin Booth via gnucash-user wrote: Steve, Thanks for getting back to me! It seems that I need to first delete my newly downloaded file from GnuCash and re-import it but first assign all the transactions to various accounts. I have gone through the process (I think) of cr

Re: [GNC] I need basic help

2023-10-20 Thread Michael or Penny Novack
I need to wrap my head around the whole “debit/credit” concept. One thing that helps me keep it straight is that money flows from credit to debit. Credit the account that money is coming from, debit the account that money is going to. There is more to consider of course, like whether an account

Re: [GNC] I need basic help

2023-10-20 Thread Michael or Penny Novack
On 10/20/2023 11:47 AM, Edwin Booth wrote: Thank you Michael. The ancient history of these terms is really interesting. I don’t really “get it” yet but I see the idea here. Very hard to set aside the use of credit and debit in the modern sense and use them in a very different way. Counter intui

Re: [GNC] I need basic help

2023-10-20 Thread Michael or Penny Novack
On 10/20/2023 4:13 PM, Fross, Michael wrote: A help to me was to turn off 'Use Formal Accounting Labels" in the settings when I started (and have never enabled that.) I feel it is much easier to understand for non-accounting people. Some of you will find the "user friendly" column  titles easi

Re: [GNC] Attaching receipts to expenses voucher

2023-10-21 Thread Michael or Penny Novack
Yeah, I tried that, but in the Employee -> New expenses voucher -> Edit Expense Voucher list, right-clicking on the Description block doesn't bring up any context menu (there isn't a memo block on this page). Of course, trying to do this in the target expense account doesn't work as the transa

Re: [GNC] When closing books, equity statement report is incorrect

2023-10-22 Thread Michael or Penny Novack
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

Re: [GNC] When closing books, equity statement report is incorrect

2023-10-22 Thread Michael or Penny Novack
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

Re: [GNC] I need basic help

2023-10-25 Thread Michael or Penny Novack
Back when I paid it, I just made a payment out of my bank checking account straight to the CC company. Now, how do I assign that transaction? It’s not a CC expense but it is an expense of some kind—just from a different place. My CC statement will go into my Liability Account, right? So does my

Re: [GNC] How to display account total with subaccounts in a report

2023-10-26 Thread Michael or Penny Novack
On 10/26/2023 5:03 PM, Jediator wrote: The P&L report for instance displays the account hierarchy and the account balance for each account.  However, all parent accounts show zero balances.  Is there anyway to display the account balance of a parent as a sum of all its child accounts? This ma

Re: [GNC] GnuCash_user: rounding errors and significant digits

2023-10-27 Thread Michael or Penny Novack
Beating what should be a dead horse. Let A, B, and C be rational numbers (ie: expressed in the form X/Y where X and Y are integers). Let D be a function that represents the decimal equivalent of a rational number to some finite number of decimal places. A + B = C does NOT imply that D(A) + D(

Re: [GNC] New Balance entry

2023-10-30 Thread Michael or Penny Novack
On 10/30/2023 6:45 AM, Mahon Finbar via gnucash-user wrote: Exactly my experience, and why I asked, despite previous experience. I am now at the stage where my Gnucash file is y but my bank account is not Further searching needed, Barry BESIDES actual errors, a difference between what

Re: [GNC] DOS Payroll, Inventory, A/R, A/P, and G/L program

2023-10-30 Thread Michael or Penny Novack
On 10/30/2023 1:37 PM, Bruce McCoy via gnucash-user wrote: David,   Here are the source code text files, *.EDT, for the program. They are in  BKS.EDT.zip. These files are corrected. To make them easier to read, like TAXCODE.txt (q.v.), run them with TAS, which is in TAS.zip. BKS.EDT.zip, BKS.E

Re: [GNC] Dealing with escrow account

2023-11-01 Thread Michael or Penny Novack
On 11/1/2023 12:03 AM, Edwin Booth wrote: Hi. How do y’all deal with a mortgage escrow account? Specifically, each month I pay into the escrow account along with my monthly PMI payment. It is all an expense. But when the mortgage company pays out money from that escrow account (for taxe and insur

Re: [GNC] Dealing with escrow account

2023-11-01 Thread Michael or Penny Novack
On 11/1/2023 5:05 PM, Anthony Della Cioppa wrote: I set up two saving account, one taxes, one for insurance and my one for my Lian. When that gets paid I pull it from the corresponding savings account. Would that be wrong? You can THINK of like a "savings account", an involuntary savings acc

Re: [GNC] Dealing with escrow account

2023-11-02 Thread Michael or Penny Novack
On 11/2/2023 12:33 AM, Jediator wrote: In addition to setting up the proper account structure, I would make your mortgage company as a vendor and set up a bill each month with split transactions to map to mortgage-related subaccounts (e.g, property tax, insurance, interest and principal) as suc

Re: [GNC] Dealing with escrow account

2023-11-02 Thread Michael or Penny Novack
On 11/2/2023 12:49 PM, Alan Johnson via gnucash-user wrote: Your mortgage payment should be fixed, adjusting one a year for escrow review. You can automate / enter a year's worth of payments from bank to mortgage account. You should also have a the 360 (or other) payment amortization table as p

Re: [GNC] Recording medical reimbursements

2023-11-07 Thread Michael or Penny Novack
On 11/6/2023 10:53 PM, Andrew Gross wrote: I have various expense accounts for medical expenses. When I receive an insurance check, I record these against the medical expense accounts so the yearly totals will show (approximately) what I have actually paid over the year. Lately, I have been wonde

Re: [GNC] GC Best Practices for Investment Management

2023-11-09 Thread Michael or Penny Novack
On 11/8/2023 4:42 PM, R Losey wrote: On Wed, Nov 8, 2023 at 12:17 PM Jediator wrote: After dumping QB and using GC for couple of months, I started really enjoying its features and simplicity. \ I dumped Quicken about 7.5 years ago and went with GnuCash and haven't regretted it. Both Quick

Re: [GNC] Old book not opening

2023-11-11 Thread Michael or Penny Novack
On 11/10/2023 8:55 PM, Phil Reynolds wrote: I am about to start using gnucash again after giving up a few years ago (for personal reasons). However, I want to reopen my old accounts to get the figure I was owed. I can see my old files, but gnucash as supplied in Debian 12 does not seem to be able

Re: [GNC] Old book not opening

2023-11-12 Thread Michael or Penny Novack
On 11/12/2023 8:45 AM, Ken Farley wrote: I'm using Gnucash on Mac OS, but I would think the file locations are used for the same functions. The directory for "books" on my machine is "~/Library/Application Support/Gnucash/books". Different location, same purpose. This directory contains a bunch

Re: [GNC] noobie question about split transactions

2023-11-18 Thread Michael or Penny Novack
I came to entering a credit card payment, which I enter as a split transaction with line items for every line item in the credit card bill, after I had spent many laborious minutes entering 50 or 60 line items I accidentally hit enter and all of my work was deleted. Stop right there. NOT a split

Re: [GNC] noobie question about split transactions

2023-11-18 Thread Michael or Penny Novack
On 11/18/2023 2:33 PM, timothyscu...@yahoo.com wrote: Ah. I think I see my error. When I get a credit card bill, I should open the credit card account and enter each line item as a transaction. I should be able to check my work by comparing the balance on the account with my bill (I always pay

Re: [GNC] Trail balance Imbalance / multi-currency transaction

2023-11-19 Thread Michael or Penny Novack
Perhaps easier/more usual: Create a special accounts for rounding/bank errors* to hold the discrepancies either permanently or temporarily* (in the case of bank errors). Then your books will be in balance. Michael D Novack * LOL, once one of my non-profits had a small bank error. It would ha

Re: [GNC] Can I produce a trial balance as a simple CSV file?

2023-11-21 Thread Michael or Penny Novack
On 11/21/2023 7:58 AM, David Kirkby wrote: I was a bit concerned about the complexity of the CSV files exported from GnuCash, since they contain information my accountant does not want. I wrote to him and received this as a response (slightly edited from his reply) *Thank you for your email. Do

Re: [GNC] Navigation through chart of accounts: shortcuts or bookmarks?

2023-12-02 Thread Michael or Penny Novack
Sam is suggesting what I was going to do, but this idea might not be intuitive. So let me make it clearer (and these tricks are more general in application than just gnucash) YOU (and not how a name is normally spelled) are the master. Just because all of these funds are "500" doesn't mean YOU

Re: [GNC] Why or why not to do year-end closing journal entries? (Close Books?)

2023-12-04 Thread Michael or Penny Novack
On 12/4/2023 8:07 PM, Eric Chapman wrote: Hi, Geoff, OK, it looks as if it's just as good not to close the books, if, e.g., I might want to run an income statement comparing 2022 and 2023. Eric But THAT would unlikely be a good reason unless you were not regularly running/storing such re

Re: [GNC] How to export reports to spreadsheet format(s)?

2023-12-05 Thread Michael or Penny Novack
On 12/5/2023 8:57 AM, Eric Chapman wrote: How do I export data from reports to csv files or Excel/LibreOffice Calc files? a) To use the last (as an example) LibreOffice Calc does NOT require the files it opens to be "LibreOffice Calc files" << it of course does prefer the open document versio

Re: [GNC] Reports for Personal Finance

2023-12-06 Thread Michael or Penny Novack
For the case of an individual or a family, what are the most useful reports? Common advice is that your emergency savings account should hold enough to cover 6 months of expenses. In order to to do that, I need to know my average monthly expenses. I guess I can use the Cash Flow report, look at "

Re: [GNC] Selling an unpaid invoice to another business at face value?

2023-12-07 Thread Michael or Penny Novack
On 12/6/2023 8:40 PM, Adrien Monteleone via gnucash-user wrote: The amount owed stays in AR. Who owes it is what changes. Look, this isn't really about gnucash. And selling of A/R is far from unusual. But a list helping people use gnucash isn't the place to discuss "factoring" from scratch.

Re: [GNC] End of year Archive of Accounts

2023-12-11 Thread Michael or Penny Novack
On 12/11/2023 12:19 PM, Grace wrote: Hello, As we approach the end of the year (Happy Christmas everyone) I am wondering how I would archive off 2023 accounts leaving opening balances for 2024. I don't see this an action available, so is there a process I need to know? Thanks Grace a)

Re: [GNC] Accounting Period Change issue

2023-12-18 Thread Michael or Penny Novack
In trying to track down a Total (Period) issue, I used Edit -> Preferences -> Accounting Period to change the Start Date and End Date fields to Absolute dates. After doing Close of that dialog, there appeared to be no change in the values in the Total (period) column. I expected a change, but may

Re: [GNC] Accounting Period Change issue

2023-12-18 Thread Michael or Penny Novack
On 12/18/2023 3:11 PM, Kalpesh Patel wrote: Hmmm! For 1) see the attached jpg. It describes the situation that no one wants to be in (fyi - I am current practitioner in IT/Systems/Engineering/Software world) ... it's a defect; not a bug. For 2), if I am spending energy to change it deliberate

Re: [GNC] Accounting Period Change issue

2023-12-19 Thread Michael or Penny Novack
On 12/19/2023 10:40 AM, Kalpesh Patel wrote: Thank you, for being flameless. My ears are all yours to listen to the explanation... I actually didn’t tell the whole story ... I did software development for good chuck of my early career in the computer field (worked with through MIL-STD-2167/A

Re: [GNC] GnuCash getting worse?

2023-12-28 Thread Michael or Penny Novack
On 12/28/2023 3:56 AM, G R Hewitt wrote: My two pennyworth is similar. My two cents is a little different. Also a retired pro, a very senior sort of systems analyst who toward the end mainly handling what had the department programmers stumped or was beyond them in the first place. This is

Re: [GNC] When closing books, equity statement report is incorrect

2024-01-02 Thread Michael or Penny Novack
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

Re: [GNC] When closing books, equity statement report is incorrect

2024-01-03 Thread Michael or Penny Novack
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

Re: [GNC] When closing books, equity statement report is incorrect

2024-01-03 Thread Michael or Penny Novack
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 f

Re: [GNC] When closing books, equity statement report is incorrect

2024-01-04 Thread Michael or Penny Novack
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

Re: [GNC] Moving from Quicken

2024-01-07 Thread Michael or Penny Novack
But THESE are done differently in standard double entry bookkeeping. - allow me to assign a category to each transaction. - create categories (or import quicken categories) and assign each as tax deductible or not. You will be creating ACCOUNTS and these can be in a hierarchy. Thus under the ac

Re: [GNC] posting of Switching of Mutual Fund

2024-01-08 Thread Michael or Penny Novack
How to do it using gnucash is not your problem. How to do it even were you using pen and ink on paper is your problem. In other words, you don't know the account to debit in order for the transaction to be in balance. Hint: Accounts of type income and expense are both temporary accounts of fu

Re: [GNC] Moving from Quicken

2024-01-09 Thread Michael or Penny Novack
On 1/8/2024 12:33 PM, barry milliken wrote: Thanks for your answer. When I said personal accounting I oversimplified. My wife and I both have independent consulting businesses. That means we have 3 bank accounts and six credit cards for a total of 9 "accounts" (transaction sources) Managing down

Re: [GNC] posting of Switching of Mutual Fund

2024-01-09 Thread Michael or Penny Novack
However, I think I have confused you with my question or term used in it. The term  of "Equity Fund" was meant to signify the name of  Mutual Fund that invest in all stock (Equity of the companies, that is the term used here in India for such types of fund as in like Debt Fund, Liquid Fund

Re: [GNC] Moving from Quicken

2024-01-09 Thread Michael or Penny Novack
On 1/9/2024 2:15 PM, Glenn Serre wrote: Good morning Barry, Regarding entering transactions into gnucash: I import QFX files that I download monthly. I migrated from Quickbooks and Quicken more than a decade ago (I last ordered Quicken in 2008), Both are Intuit products, but QuickBooks and Qu

Re: [GNC] Maddening!!!!!!!!

2024-01-11 Thread Michael or Penny Novack
On 1/11/2024 12:11 PM, Jack Slater wrote: 90 minutes of reconciling down the drain with a crash near the end of the final account. Oddly, even though GnuC auto saves periodically, it seems none of any add/delete/balance transactions were saved in any account! Why would that be Horses and b

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