On 12/4/18 6:56 AM, Hal Vaughan wrote:
Let me add another thought to this. I’m putting it on the original thread,
since it really would be something I’m tempted to ask in response to several
answers.
I already have routines, in Python, that do this in my own ledger program.
However, I’m really trying to move away from doing any development work on
software I use for professional work. (In other words, for my own sanity, I’m
trying to draw a line and keep programming for hobby stuff now and not do any
programming for my real estate and investment work.)
While I have not used them (yet), I understand that there is an API
available to handle most transactions and all back-end interaction to
the data store.
I haven't found the API documentation yet.
I think I’ve read that the GnuCash ledger is in XML or an open format. How
hard would it be to add transactions to the ledger? And is it possible to
call, say, a Python script from any extension menu in the program? I’m on an
iMac and can always run the Python script on my own if needed.
XML is the default storage (compressed). Options include some database
environments.
(I’m wondering if I researched this before. I’m asking now just to know if
it’s possible - if it is, I’ll be glad to dig in and find what I need, but I’d
rather know if it’s worth exploring before trying to jump in.)
Thank you!
Hal
On Dec 3, 2018, at 1:38 AM, Hal Vaughan <hal@hal.dance> wrote:
For the past few years, for my business that is mostly about renovating or
restoring houses and reselling them (not flipping - this work takes time), I’ve
used a Python library I wrote myself to handle accounting. It was basically
made up mostly of stuff I had, with a few new things added in.
I would like to switch over to GnuCash. Luckily, since I’m at a slow point and
between projects, I can do that without worrying about converting old data for
older LLCs and projects.
There’s one issue I’m not sure can be handled by GnuCash, so I’d like to find
out about it before trying to switch over.
I use a line of credit. Luckily the interest rate is basically constant. (There’s a
slight flux, but not much.) The problem is its compounded and, of course, every time I
withdraw money from the credit line or pay any back, the principal amount changes. I’m
hoping, at this point, people are saying, "Oh, yeah, just do this…."
But just in case there’s a need for clarification, if I withdraw $50,000 to
purchase a house on January 1, then, on the 15th, withdraw $10,000 for roofing
work, need to figure out the total owed to that credit line on 1/31, and the
interest rate is 3%, then I have to figure compound interest on $50,000 at 3%
from 1/1 to 1/15. Then I have to add $10,000 to that amount to calculate the
interest on the $50,000 plus 15 days of interest, plus $10,000, plus the
interest from the 15th to the 30th, at 3%, to get a clear number for what I owe.
Can I have this done automatically on an account? If not, how can I easily
keep track of this in GnuCash?
Thank you!
Hal
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