Not just "whole life" but any "cash value" policy.
The point here is that such insurance contracts have both a pure
insurance component and an investment component and may have associated
"rights" which also can be thought of as having value (that might also
be true of term insurance, no cash
Fred,
You will need a statement from the insurance company which details what
component of the premium credited to your bank account when you pay it) is a
contribution/increase to the capital value of the asset which is the insurance
policy (debited to the account representing the policy and
On 4/22/2022 11:35 PM, john wrote:
Quicken isn't really an accounting app. Intuit's offering in that space is
Quickbooks. That means that how you used Quicken isn't directly transferable to
GnuCash. If being able to use a Free Software alternative to Quicken the same way you
use Quicken is
On 2022-04-23 09:13, Howard M. Fried wrote:
In my (business) account hierarchy, all Expenses are listed as
positive numbers (in black). However, the Expense category Licenses
and Permits is displayed as a negative number (in red). In the list
of transactions, the amount column is labeled
Hi,
Am 23.04.22 um 19:30 schrieb David T. via gnucash-user:
> I don't know what the tip currently says. The full information is placed in
> https://cvs.gnucash.org/docs/C/gnucash-guide/txns-shortcuts1.html. Honestly,
> I think tips are meant to suggest possibilities, rather than give exhaustive
On 2022-04-23 02:46, km22 wrote:
…I am starting a new Gnucash file for a simple "mock" trust. The trust
holds physical assets (like stamps and coins and other collectibles). I
want to represent the contributions to this trust in the form of these
assets. However, when I try to create new
Ken,
You can hold other "commodities" (in addition to currencies) in
INVESTMENT acct's - which are asset accounts, rather than equity accts.
I think the contribution of an asset like stamps, bitcoin, etc would be
recorded with an "opening balance" entry which credits the equity
Phillip,
Good to hear that someone is interested in working on the documentation!
Gnucash uses Bugzilla (bugs.gnucash.org) to suggest enhancements and fix bugs,
and the documentation has its own section there. You will find that there are
numerous documentation bugs and enhancements
> On Apr 23, 2022, at 12:16 AM, parag puranik via gnucash-user
> wrote:
>
> My OS: Linux Mint Tricia 19.3 Cinnamon (32 bit) - (I do not have compatible
> hardware to upgrade it.)
> I tried to install the latest Flatpak version of Gnucash 4.10 from
> Flathub.org through clicking 'Install'
Suggestions on how to record for whole life insurance:
Premiums paid
Increase in cash value
Future death benefit
I think some of that is like the Degas painting example in the Tutorial in
that the increase in cash value is an Unrealized Gain.
___
I don't know what the tip currently says. The full information is placed in
https://cvs.gnucash.org/docs/C/gnucash-guide/txns-shortcuts1.html. Honestly, I
think tips are meant to suggest possibilities, rather than give exhaustive
guidance. But that is just my opinion.
I believe there's a
I like the idea of using sub-accounts. I will test it out and report back.
Thanks.
On Fri, Apr 22, 2022 at 7:37 PM David H wrote:
>
> Brad,
>
> If I were to do this I think I'd look at creating sub-accounts under the
> Transfer To account - i.e.
>
> Assets >> Current Assets >> Transfer To
Mac OS 10.15, Gnucash ver 4.4
In my (business) account hierarchy, all Expenses are listed as positive
numbers (in black). However, the Expense category Licenses and Permits
is displayed as a negative number (in red). In the list of
transactions, the amount column is labeled Expenses for all
The Tip of the Day entry for dates should be expanded to include:
M = beginning of Month
H = end of montH
Y = beginning of Year
R = end of yeaR
Are there any others?
It would be nice if pressing MM went back two months,
instead of doing M-M. Same for HH instead of H+H.
Ken
All accounts have a currency associated with them. When you hold an asset, you
hold it at a value in a particular currency, not as an item of indeterminate
value. You would require an inventory (which GnuCash does not have to hold the
items and in inventory accounting each item still has a
Hi,
I am starting a new Gnucash file for a simple "mock" trust. The trust
holds physical assets (like stamps and coins and other collectibles). I
want to represent the contributions to this trust in the form of these
assets. However, when I try to create new Equity accounts for the
Hi,
Issue 1:
For whoever is responsible for your documentation.
I spent 40 years in IT companies in a variety of roles and now retired , I will
offer to rewrite and assist in your documentation. In reviewing your
documentation I think there are a number of improvements that I can offer,
My OS: Linux Mint Tricia 19.3 Cinnamon (32 bit) - (I do not have compatible
hardware to upgrade it.)
I tried to install the latest Flatpak version of Gnucash 4.10 from Flathub.org
through clicking 'Install' button on its site.
However it installs the lower version 3.7, without even giving me
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