Thanks Stephen,
I like the database way of going about this... it's detailed. Fortunately, I
don't have a requirement for the taxes and shipping info, these are simply
invoices for my service business, so that makes life a little easier.
I didn't consider that multiple deposits in one day might
Thanks David, This is exactly how I think this would work. It's a little
messy but in my case I don't have a need or want to track each and every
transaction and sale in GnuCash. I just need the accounting data. Stripe is
pretty similar to Paypal and I've had this issue before with Paypal as well.
Rob,
Not sure of the details of how Stripe operates but presume it is somewhat
similar to paypal.How you record it will depend upon the detail of the
procedure they use. I treat my Paypal account as a Liability account as I
can also make payments from it. In my case it is directly connected to a
On 11/26/19 5:46 PM, Robert Slippey wrote:
> Good evening,
>
> I'm a small business owner and been in business a few years. I'm sick of
> Quickbooks and I'm considering going to GNUCash, mainly to simplify. I
> looked at GNUCash many years ago but never looked too deeply at it.
>
> One
Gilberto,
1. You would normally make the adjustment between the account for the mutual
fund and equity to bring the balance into agreement with a statement. Income
and Expense accounts are in accounting terms a temporary equity accounts
where temporary denotes pertaining to the current period.
I might be miss-understanding and I'm not quite sure if you're saying my
understanding wouldn't work, but wouldn't these amounts be hard numbers.
Each transaction would, I would think, be pretty straightforward.
Stripe = the holding account in gnucash
Credit stripe for the sale, Debit the fee
I think every Gnucash importing tool whether CSV QIF or OFX will try hard
to match the amounts first and foremost.
The only 'fuzzy' amount matching that is currently allowed is the so-called
"ATM Fees Threshold" in Preferences which takes an absolute number (e.g.
$2.00).
On Wed, 27 Nov 2019 at
Thanks for the reply that's what I figured. Bringing in each transaction's
fees seems like it would be difficult utilizing an outside invoicing system.
Trying to avoid the repetitive data entry, if at all possible.
I've been through the process with desktop versions of Quickbooks before.
The proper way would be to include stripe's cut as part of each sales
transaction.
Income:Sales -$100
Expense:Stripe Fees +$1.50
Asset:Bank +$98.50
The easy way would be to count each sale net of stripe's fees, and the
accountant would use stripe's statements to determine gross sales and
Dear all. I am a long time GnuCash user (10+ years) and I use it to
track my personal finances.
The question I have is more related to accounting principles (I am no
accountant) and how specific situations should be recorded to comply
with "standards". I know there are no standards for personal
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