Re: One account for both Income and Expenses possible?

Looking over the Wiki, I see this point was left out, so I added this text to the netiquette section. It’s a bit wordy, but I wanted users to understand why this is the preferred method. (since those who would do otherwise, obviously don’t understand the implications of disrupting threads) "If

Re: One account for both Income and Expenses possible?

On 22 February 2018 at 11:04, Norbert Klein wrote: > Thank, Maf, > > your advice was very clear and helpful - I rearranged what I had used > before accordingly. > > But you advised me also: > > Let me start by saying that you should have started a new thread for your >> question

Re: One account for both Income and Expenses possible?

Thank, Maf, your advice was very clear and helpful - I rearranged what I had used before accordingly. But you advised me also: Let me start by saying that you should have started a new thread for your question and not hijacked the existing thread I am sorry - but when I started my mail with

Re: One account for both Income and Expenses possible?

> On Feb 11, 2018, at 9:57 AM, Robert Heller wrote: > > At Sun, 11 Feb 2018 15:51:30 +0100 Jeff Abrahamson wrote: > >> >> On 11/02/18 15:46, Robert Heller wrote: >>> Here is a "practical" application: >>> >>> Lets say you buy a case of tomatoes for $10 --

Re: One account for both Income and Expenses possible?

Norbert, If the vegetables, fruits and handicrafts that you buy are purchased for resale as your inventory, then yes, you can and should, use one account to track them. (not by quantity, but by value) Because you are also a manufacturer, you might also have a ‘work-in-progress’ account at

Re: One account for both Income and Expenses possible?

At Sun, 11 Feb 2018 15:51:30 +0100 Jeff Abrahamson wrote: > > On 11/02/18 15:46, Robert Heller wrote: > > Here is a "practical" application: > > > > Lets say you buy a case of tomatoes for $10 -- this would be a transaction > > from your bank account (for the check you gave the

Re: One account for both Income and Expenses possible?

On 2/11/2018 9:03 AM, Robert Heller wrote: At Sun, 11 Feb 2018 08:15:56 +0100 Jeff Abrahamson wrote: ... transfer "money" from the vegetable account to a bank account (income when you sell vegetables) and when you transfer money from a bank account to the vegetable account (an

Re: One account for both Income and Expenses possible?

On 11/02/18 15:46, Robert Heller wrote: > Here is a "practical" application: > > Lets say you buy a case of tomatoes for $10 -- this would be a transaction > from your bank account (for the check you gave the vegetable wholeseller) of > $10 to your Assets:vegetables account. (It is not actually an

Re: One account for both Income and Expenses possible?

On 11/02/18 15:03, Robert Heller wrote: > > I expect that the OP wants to have an account that represents his stock of > vegetables (or whatever). He can actually do that. What you do is think of the > vegetables as a kind of currency or comodity or inventory, that is the > vegetables themselves

Re: One account for both Income and Expenses possible?

At Robert Heller wrote: > > At Sun, 11 Feb 2018 08:15:56 +0100 Jeff Abrahamson wrote: > > > > > On 11/02/18 05:22, Norbert Klein wrote: > > > I am a complete newcomer to GNUcash, using version 2.6.19 on Windows 10. > > > > > > My name is Norbert, living in

Re: One account for both Income and Expenses possible?

At Sun, 11 Feb 2018 08:15:56 +0100 Jeff Abrahamson wrote: > > On 11/02/18 05:22, Norbert Klein wrote: > > I am a complete newcomer to GNUcash, using version 2.6.19 on Windows 10. > > > > My name is Norbert, living in the countryside in Cambodia. > > > > This is my first posting. >

Re: One account for both Income and Expenses possible?

On Sunday, 11 February 2018 04:22:43 GMT Norbert Klein wrote: > I am a complete newcomer to GNUcash, using version 2.6.19 on Windows 10. > > My name is Norbert, living in the countryside in Cambodia. > > This is my first posting. > > Apologies for my very simple question. I would appreciate to

Re: One account for both Income and Expenses possible?

On 11/02/18 05:22, Norbert Klein wrote: > I am a complete newcomer to GNUcash, using version 2.6.19 on Windows 10. > > My name is Norbert, living in the countryside in Cambodia. > > This is my first posting. Welcome, Norbert. > I live on a farm – we produce, sell, and buy vegetables, fruits,