Glad to hear your problem is resolved, Tony.
Cheers.
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On 19/10/22 at 9:45 AM, Tony Vanson wrote:
From: "Tony Vanson"
Date: 19 October 2022
To: dev...@asia.com
Cc: gnucash-user@gnucash.org
Subject: Re: [GNC] Accounting for a pre-paid
Thank you Devaps, that clears my head 洛
On Tue, Oct 18, 2022 at 11:25 PM wrote:
> You can treat it like a pre-paid card, so it resides under Assets.
>
> So you have -
>
> Assets->Bank Account
> Assets->Toll pre-paid card
> Expenses->Toll
>
> When you top up the card, record a transfer between
I have a somewhat more chaotic organization. Almost all my income is in USD and
almost all my expenses are MXN. I have a top level Expense account for Pesos
and another for Dollars with lots of subaccounts under them.
I have multiple bank accounts in both currencies and quite often have
For me, since my salary, bank, and credit cards are in USD, even when I
spend EUR or CAN or AUS, I normally wait until the credit card expense
shows up in USD and enter the USD value. Often, I will put the actual
local expense on the 2nd line (I don't remember if that is called
Description or
Hello, Anton:
On 2022-10-18 02:34, Anton Tsyganenko wrote:
Let's take a look on accounts that are created in gnucash by default.
Generally most of the accounts may be multi-currency, i. e. not bond
to a specific currency: you may have cash in multiple currencies, your
opening balances may be
On Tuesday, 18 October 2022 14:34:34 BST Etienne wrote:
>
> I think for the time being that manual entry in the ledger correcting the
> 1ct will have to do. Hopefully GNC will have some option down the line for
> this.
Unless things have changed in recent versions of GC, that is not the
This is interesting and it might be an optional configuration for the
automatic account creation wizard, but not for most users who use a single
currency in their accounting. Also, this is not the usual place to propose
enhancements, but it would be a good place to refine a concept prior to
Let's take a look on accounts that are created in gnucash by default.
Generally most of the accounts may be multi-currency, i. e. not bond to
a specific currency: you may have cash in multiple currencies, your
opening balances may be in multiple currencies, you may have incomes and
expenses in
The card, with a cash value on it, is an asset - probably best
described as a "prepaid expense."
The fully accurate way to account for it:
1. When you "put cash onto the card":
-- credit "cash" (or bank account, or credit card, or wherever you get
the money that you put onto the
On 18 October 2022 at 22:54, Tony Vanson said:
> I'm hoping that someone on this list can aid my befuddled brain to get to
> grips with my problem. The tolling system here is not the automated ones
> I'm used to. Here one needs to obtain an electronic card and, once done,
> must be charged with a
You can treat it like a pre-paid card, so it resides under Assets.
So you have -
Assets->Bank Account
Assets->Toll pre-paid card
Expenses->Toll
When you top up the card, record a transfer between the 2 asset accounts above.
When you pay toll, record a transfer from Assets->Toll pre-paid card
On Tue, Oct 18, 2022 at 8:54 AM Tony Vanson wrote:
> Here one needs to obtain an electronic card and, once done, must be
> charged with a cash value prior to travelling and topped up with cash on a
> regular basis.
> My question is what category is this card and how do I treat additions and
>
I would treat it as an asset. When putting money on the card you would debit
the card and credit checking or credit card, however you pay for it. When
traveling you would debit tolls or auto expense or similar account and credit
the card.
Sent from Samsung Galaxy smartphone.
I'm hoping that someone on this list can aid my befuddled brain to get to
grips with my problem.
The tolling system here is not the automated ones I'm used to.
Here one needs to obtain an electronic card and, once done, must be charged
with a cash value prior to travelling and topped up with cash
@Michael, you pay VAT on the total invoice, but both items already have the VAT
included on the item line. So the rounding happens at the total level. Else you
get too big rounding errors (especially supermarkets when you have 9%
categories and 21% items (e.g. rounding a 9% tax on a 49ct can
In the Bill I enter the amount 109.95, and then select the columns Taxed, Taxes
Included and the Tax Table entry. It then calculates both values 18.33 and
91.63, which add up to 109.96 but the total I entered in the first amount
column remains at 109.95.
Only when I Post the Bill, I see a
Since I use cash accounting I don't have any experience with GnuCash
invoicing. I process heaps of invoices, including recipient-created
invoices. Tax-inclusive or tax-exclusive costs are optional in Quickbooks
(which I use for business accounts) and calculated values can be user
overwritten. I
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