You need to ask that of a local CPA. Every jurisdiction will be different. They will tell you the proper accounts to use for your specific situation.
We can help once you know those accounts if you still have questions, but any more info from this list would be dispensing accounting/tax advice, which gets dicey. Regards, Adrien > On Sep 16, 2019 w38d259, at 7:38 PM, <orn...@tutanota.com> > <orn...@tutanota.com> wrote: > > > Are insurance proceeds income? If not, how do you characterize an insurance > payout when they send you a check? > > I've seen a reference online to using accounts receivable against lowered > value of inventory, but that approach doesn't seem to apply to a homeowner > who has storm damage or a fire. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
