The previous earnings account is just where net income from the time before the start of the reporting period goes, but I think you should be able to add postings to it, there little really that special about it, it's just another account.
On Sat, Apr 22, 2023, 18:44 Aragon <ara...@gmail.com> wrote: > Hello, > > For someone who uses Beancount to keep the books of a small company, I was > wondering what is the correct convention for declaring dividends? > > After reading about this in general accounting documents, it seems like in > Beancount one should add to the Equity:Earnings:Previous account, and > subtract from a Liabilities:Dividends-Payable account. > > However, in Beancount the Equity:Earnings:Previous account is a sort of > "virtual" account which is usually not opened in the journal, whose balance > is auto-generated. If I do open that account so that I'm able to write > transactions to it, its balance is always visible in Fava's balance sheet, > which I'm not sure, but it looks a bit odd. > > And if I use a different equity account, eg. Equity:Dividends, then the > Equity:Earnings:Previous balance doesn't get calculated correctly, ie. it > looks as though the company has a delicious balance of previous earnings > when it has actually declared them as dividends. > > > Thanks, > Aragon > > -- > You received this message because you are subscribed to the Google Groups > "Beancount" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to beancount+unsubscr...@googlegroups.com. > To view this discussion on the web visit > https://groups.google.com/d/msgid/beancount/6759a4bf-ad0a-4eca-b9e0-fa80c23b1899n%40googlegroups.com > <https://groups.google.com/d/msgid/beancount/6759a4bf-ad0a-4eca-b9e0-fa80c23b1899n%40googlegroups.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to beancount+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAK21%2BhPtaXrS0D1wG6u84FoBwOLU4EyKhedq8vdHtkM9w6hunw%40mail.gmail.com.
