John,
Am 18.04.19 um 06:06 schrieb John Ralls:
> Frank and Justin,
>
> The wikipedia article doesn't explain it very well. Here's a better one:
> https://www.investopedia.com/ask/answers/070615/what-difference-between-earnings-and-income.asp.
> "Net Income" is for this period, "Retained
Justin,
It's very simple: I've many years of experience with both accounting and
GnuCash. I've run a company which paid dividends and used GnuCash to account
for it. It works fine the way it is, it just doesn't work the way you want to
use it. Too bad.
Then there's your admission to Maf:
>
>
Just to add to it,
> https://en.wikipedia.org/wiki/Retained_earnings: The retained earnings
> of a corporation is the accumulated net income of the corporation that
> is retained by the corporation at a particular point of time, such as at
> the end of the reporting period. ...
>
>
You mean here https://bugs.gnucash.org/ ?
-
Regards,
Justin Mathew
mjus...@protonmail.com
Sent with ProtonMail Secure Email.
‐‐‐ Original Message ‐‐‐
On Tuesday, April 16, 2019 7:52 PM, Christopher Lam
wrote:
> Oops. My mistake: The "Retained Earnings" part *in GnuCash's*
Christopher,
> The "Retained Earnings" part of the Balance Sheet has nothing to do with
> dividends.
>
> IIUC on the balance sheet date X, the retained earnings simply means the
> total income up to date X, minus total expenses up to date X.
Don't get me wrong, the 'retained earnings' anywhere
Maf,
> you should keep replies on-list, others can contribute and maybe in the future
> the thread can save a question being asked in the first place "reply All"
> in your email client is a good way.
Opps, I had read about it, but missed it in the heat of replying.
Will keep that mind
Frank and Justin,
The wikipedia article doesn't explain it very well. Here's a better one:
https://www.investopedia.com/ask/answers/070615/what-difference-between-earnings-and-income.asp.
"Net Income" is for this period, "Retained Earnings" is for the life of the
entity. (Though note that under
John,
the issue is not about reports or accounts, but the term "retained
earnings". While for the "normal" private user (and our original
programmers) it may be seen as synonym for "net income", for business
users it is more specific: The amount of the net income, which is for
several reasons
If Justin's proposal refers to
> If we bring in a Dividend type account under Equity we can debit dividend
> declarations to this account. We don't have to credit this account by the
> way. The account will be in minus with red font as in current version. The
> balance in this account will
I agree with Justin. Other than "this is how it works" or "here's a
workaround",
I don't believe I've seen an argument challenging his proposal. Can I
encourage you to consider this approach for a future release?
Am I correct in thinking that the other category that drains retained
earnings
is
Justin,
No, just you. This is real simple: GnuCash provides two ways to account for
reporting retained earnings, including dividends. I'm not asking you to do
anything, I'm telling you how GnuCash works. Either you use one of those two
ways or you use a different accounting program.
Regards,
Frank,
I think that the glossary entry is only partly right. "Retained Earnings"
certainly can be an account, but it's also a concept: It's the collected
profits of the company over time that haven't been distributed to the owners.
Earnings before stuff lines are non-GAAP values that
Justin,
It's not a workaround, it's a choice. Either you close your books or you don't.
If you do then you close to a Retained Earnings account and all is good. If you
don't then GnuCash calculates your retained earnings for you and all is good.
At present if you mix the two then you get two
My bad,
I saw the thread starting in the user list, I never saw it in devel. So when I
replied, I set it to user. I’ll update my filters to file into devel ahead of
user and be more careful next time when setting my reply address(es).
Regards,
Adrien
> On Apr 16, 2019, at 11:37 AM, John Ralls
Adrien,
You copied the wrong list, this thread was in gnucash-devel.
Regards,
John Ralls
> On Apr 16, 2019, at 7:47 AM, Adrien Monteleone
> wrote:
>
> If you create an Equity:Retained Earnings account and debit it, while
> crediting Dividends Payable (the formal method) does this not show
Hi John,
Am 16.04.19 um 16:43 schrieb John Ralls:
> The Retained Earnings part of the Balance Sheet report *was* written with
> that in mind.
Source?
> The automatic calculation of retained earnings in the Balance Sheet report
> nets out the income and expense accounts; if there's a Retained
The Retained Earnings part of the Balance Sheet report *was* written with that
in mind.
The automatic calculation of retained earnings in the Balance Sheet report nets
out the income and expense accounts; if there's a Retained Earnings account it
will get reported too. Since the way to credit
Oops. My mistake: The "Retained Earnings" part *in GnuCash's* Balance-sheet
has not been written with that in mind by the original report writers.
Amendments to reports are possible but please submit an enhancement in
bugzilla.
Ideally with an suitable chart of accounts, with some sample
The "Retained Earnings" part of the Balance Sheet has nothing to do with
dividends.
IIUC on the balance sheet date X, the retained earnings simply means the
total income up to date X, minus total expenses up to date X.
If the books were 'closed' on date X, the income would be zeroed
out to
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