Re: [GNC] Operating Checking Account in Overdraft

2018-08-06 Thread Adrien Monteleone
Murray, The e-mail I sent you was addressed both to you and to the mailing list address. Instead of hitting your ‘reply’ button, use either the ‘reply-all’ (which will send your reply to me and any other recipients) or even better if your e-mail software offers it, the ‘reply-list’ button.

Re: [GNC] Operating Checking Account in Overdraft

2018-08-04 Thread Murray Field
i36> From: gnucash-user on behalf of David Cousens Sent: Friday, August 3, 2018 11:23:23 PM To: gnucash-user@gnucash.org Subject: Re: [GNC] Operating Checking Account in Overdraft Murray, If you operate the account normally with a positive cash balance with only an occasional exc

Re: [GNC] Operating Checking Account in Overdraft

2018-08-03 Thread Mike or Penny Novack
On 8/2/2018 10:15 PM, Adrien Monteleone wrote: GnuCash lets you create any account you want and put it (pretty much) wherever you want. Contra-Accounts are sometimes desired to be where they are as true contra-balanced accounts. Others prefer or need them on the opposite side of the

Re: [GNC] Operating Checking Account in Overdraft

2018-08-03 Thread David Cousens
Murray, If you operate the account normally with a positive cash balance with only an occasional excursion into the red for relatively short periods << financial year, I would think it is reasonable to record it as an asset account. If however you intend to operate the account as a perrmanent

Re: [GNC] Operating Checking Account in Overdraft

2018-08-02 Thread Christian Kluge
Am 02.08.2018 um 16:41 schrieb Mike or Penny Novack: > On 8/2/2018 9:21 AM, Adrien Monteleone wrote: > >> I have sent an email to the Australian and New Zealand Chartered >> Accountants asking them the question. >> >> I will let you know what they say. >> >> Kind Regards, >> >> Murray > > This

Re: [GNC] Operating Checking Account in Overdraft

2018-08-02 Thread Mike or Penny Novack
On 8/2/2018 9:21 AM, Adrien Monteleone wrote: I have sent an email to the Australian and New Zealand Chartered Accountants asking them the question. I will let you know what they say. Kind Regards, Murray This is something we here in the US can't help much on because we do not have "two

Re: [GNC] Operating Checking Account in Overdraft

2018-08-02 Thread Adrien Monteleone
red Accountants > asking them the question. > > I will let you know what they say. > > Kind Regards, > > Murray > > > > Get Outlook for Android > > From: gnucash-user on > behalf of Adrien Monteleone > Sent: Tuesday, July 31, 2018 8:27:56 PM > To: g

Re: [GNC] Operating Checking Account in Overdraft

2018-08-01 Thread jeffrey black
On 7/31/2018 2:14 AM, Murray Field wrote: > Hi, > > We have a permanent overdraft with our bank and we operate our account > fluctuating within the overdraft limit approved. > > How should this be classified in gnucash? > > As an asset, a liability or something else? We could not find any

Re: [GNC] Operating Checking Account in Overdraft

2018-07-31 Thread Maf. King
On Tuesday, 31 July 2018 08:14:14 BST Murray Field wrote: > Hi, > > We have a permanent overdraft with our bank and we operate our account > fluctuating within the overdraft limit approved. > > How should this be classified in gnucash? > > As an asset, a liability or something else? We could

Re: [GNC] Operating Checking Account in Overdraft

2018-07-31 Thread Adrien Monteleone
Interesting question, but this really would be for a local CPA who’s familiar with rules and laws for your jurisdiction to answer. You may find some general guidance on the web for the basic situation and what accounts it will involve. Here’s something that might be helpful:

Re: [GNC] Operating Checking Account in Overdraft

2018-07-31 Thread Murray Field
Hi, We have a permanent overdraft with our bank and we operate our account fluctuating within the overdraft limit approved. How should this be classified in gnucash? As an asset, a liability or something else? We could not find any reference to our situation in your guide which we have