With all the usual disclaimers (not an accountant, not their jurisdiction, ask your accountant), can anyone suggest where it would be sensible to record "Provision for liabilities" in GnuCash? It is defined on the balance sheet as
*Provisions * *Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. * Does it seem reasonable, from the point of using the software, to just stick it in as a liability? I was thinking of creating a "Provision" liability under the Liability account If anyone can confirm my suspicion seems reasonable, or can suggest a better place to record this, I will do so. _______________________________________________ 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.
