Re: [GNC] question - how do I move one or more transactions between accounts?
On 5/29/2021 10:28 PM, flywire wrote: If most transactions are to be moved to one account it can be worth renaming the account and moving out the other transactions. Good advice. When splitting an account (one account becomes two) a little planning ahead can greatly reduce the amount of work, especially if it is the bulk of the transactions that will be moved to the new account. Michael ___ 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] How do I manage IOUs between household members?
Arman Equity is not the way to go to do this. All of the funds are assets and since they are in a single bank account the obvious way is to have 3 sub accounts of the main asset bank account which could simply be a placeholder Assets:Bank Account Assets:Bank Account:Arman Assets:Bank Account:Wife Assets:Bank Account:Communal Whenn your income goes into the bank account you would split the deposits (debits to the asset accounts and credits to the relevant income account) between the individual sub accounts and the communal account. This will make reconciliation a bit more difficult but you can include the sub-accounts in a reconciliation. You would have no transactions actually targeting the Assets:Bank Account account. It is simply a placeholder for the sum of the other three accounts If you make it a placeholder account GnuCash will not allow you to use it as a target account for transaction. The loan to a friend is also an asset. To record it you would credit Assets:Bank Account:Arman and debit Assets:Loans: with the repayments also record between the two account. David -- 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.
[GNC] How do I manage IOUs between household members?
My wife and I would like to separate our individual money from the money that is "communal". Every month, we take 80% of our salaries and deposit them into a communal account, leaving 20% as pocket money for ourselves. So for example, if I make $1000 in one month and my wife makes $2000, then I would get $200 for myself, she would get $400, and the communal "pot" would get $2400. All money is in the same account with our bank and is not separated. I initially thought we could represent this with Equity: Equity - Shared Equity ($2400) - Me ($200) - Wife ($400) Assets - Bank Account ($3000) However, what happens now if I want to lend a friend $200 from my own money? This is where I get confused. Normally I'd represent a loan as a withdrawal from the bank account and creation of an "IOU" asset, but how do I also show that this has come out of "my" money? For example, if I just create an asset account there's no way to represent the fact that if my friend defaults on the loan, it should be paid out of my account: Equity - Shared Equity ($2400) - Me ($200) - Wife ($400) Assets - Bank Account ($2800) - IOU to my friend ($200) How can I represent this? Do I have to create a separate transfer of equity from "Me" to "Shared Equity"? This seems confusing since there is no intuitive way to ensure that I will remember where to return the funds when my friend pays me back. E.g. if I forget whether the loan to my friend was from me or from the shared funds, there's no way for me to tell from the structure of the accounts. I really, really want to avoid creating multiple account files as I like the ability to report on the net assets and income from our whole portfolio. Arman ___ 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.
