Re: [GNC] How to record personal owe to me and how to record equity?
On 2019-12-06 04:10, TFFinances wrote: > How to record personal owe to me and how to record equity? > > If my dad owe me money, how will i record it? > > what would the debit and credit be ? > > How to record equity ?? equity debit and what is credit? Hi, Terence! When your dad lends you money, then: Debit: Cash (or a bank account) Credit: Loans Payable There's no change to equity because Assets and Liabilities increased by the same amount. When you make a payment on the loan: Debit: Interest Expense Debit: Loans Payable Credit: cash (or a bank account) You don't make any transaction directly intro an equity account. But if you run a Balance Sheet, that interest expense will reduce your Retained Earnings, which is an equity account that GnuCash creates automatically as part of that report. -- Regards, Stan Brown Tompkins County, New York, USA https://BrownMath.com http://OakRoadSystems.com ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
[GNC] How to record personal owe to me and how to record equity?
How to record personal owe to me and how to record equity? If my dad owe me money, how will i record it? what would the debit and credit be ? How to record equity ?? equity debit and what is credit? Please answer asap Thanks Terence -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Restricted funds and other charitable / not-for-profit specifics
On 25/11/2019 18:33, Michael or Penny Novack wrote: On 11/24/2019 6:17 AM, Wm via gnucash-user wrote: Is anyone interested in resurrecting the possibility of gnc dealing with restricted funds and other charitable / not-for-profit / whatever they are called where you live accounting better? What do you mean? Gnucash can deal with restricted funds. AFAIK, there aren't any packages that deal with some of the issues specific to non-profits (pledge tracking, unified member statements combining receivable and due but non-receivable amounts, etc.) That is NOT saying that I could not get gnucash to do some of these things (but maybe needing multiple sets of books) Why do you think gnc shouldn't? Do you think it is something charities should pay for because they're undeserving or some weirdness? -- Wm ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
