You're on cash accounting for tax. Two GnuCash limitations compared to other packages you need to understand:
1. No automated GST support for cash accounting (it's manual): https://lists.gnucash.org/pipermail/gnucash-user/2021-July/097092.html 2. No support for non-account transaction classification (best workaround manually entering text as tags in comments): https://bugs.gnucash.org/show_bug.cgi?id=113772 Another fiddly thing is no understanding of the fiscal year, you'll be entering start and end dates repeatedly if you flick between reporting periods. I'm not an accountant but from an accounting perspective, you probably should have separate books for the company and trust anyway. Classifications are probably a more sophisticated feature to help understand how different parts of the business are performing. I'd highly recommend working through the tutorial in the concepts guide at https://gnucash.org/docs.phtml particularly https://www.gnucash.org/docs/v4/C/gnucash-guide/pt02.html before firming things up. _______________________________________________ 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.
