On 5 Dec 2021, at 11:39, Dr. David Kirkby <drkir...@kirkbymicrowave.co.uk> wrote:
> > If a company can potentially pay out X pounds, but has not paid out any at > all, where would that be entered in GnuCash? I assume its a liability, but > should it be entered into liabilities, or perhaps retained earnings? I’m not an accountant. I keep the books for a couple of charities, one of which receives donations which the donor has ear-marked for a particular purpose which might not come up in the same financial year. I thought it would be a good idea to record this as a liability, which would survive the year-end and remind the trustees that there was a sum which could only be spent for that purpose, but I was hauled up by the accountant who examines our records for the charities register, and had to abandon that method. I don’t know if this restriction applies to a company’s books, but if it does you might consider creating a budget, which would include run-of-the-mill income and expenditure but could also include predicted dividend payments without interfering with the books. You should probably get professional advice… Regards, Michael _______________________________________________ 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.
