Frederick GnuCash also does not have support for full cost management accounting as well as not having inventory accounting which is just one component of cost management accounting. It requires a different form of jobs from that implemented in the business features. It can be done manually with the kludges others have mentioned. If your manufacturing is on any significant scale you may be better served getting a commercial accounting package which has that support. It will cost but it will likely save you money and time in the long run.
David Cousens On Thu, 2022-03-17 at 16:50 +0000, davidvernonl...@gmail.com wrote: > 2. Question about Assemblies (Frederick) > There is no inventory accounting in GnuCash, so if you need to hold parts in > inventory in numbers of units together with their cost per until, whether on > average cost or on FIFO basis, which then build assemblies, I cannot see how > this would be possible. > David > > -----Original Message----- > From: gnucash-user > <gnucash-user-bounces+davidvernonlong=gmail....@gnucash.org> On Behalf Of > gnucash-user-requ...@gnucash.org > Sent: Thursday, 17 March, 2022 4:00 PM > To: gnucash-user@gnucash.org > Subject: gnucash-user Digest, Vol 228, Issue 33 > > Send gnucash-user mailing list submissions to > gnucash-user@gnucash.org > > To subscribe or unsubscribe via the World Wide Web, visit > https://lists.gnucash.org/mailman/listinfo/gnucash-user > or, via email, send a message with subject or body 'help' to > gnucash-user-requ...@gnucash.org > > You can reach the person managing the list at > gnucash-user-ow...@gnucash.org > > When replying, please edit your Subject line so it is more specific than > "Re: Contents of gnucash-user digest..." > > > Today's Topics: > > 1. Re: IRA/401K income detection (Michael or Penny Novack) > > > ---------------------------------------------------------------------- > > Message: 1 > Date: Thu, 17 Mar 2022 10:29:14 -0400 > From: Michael or Penny Novack <stepbystepf...@comcast.net> > To: "D." <sunfis...@yahoo.com> > Cc: Gnucash Users <gnucash-user@gnucash.org> > Subject: Re: [GNC] IRA/401K income detection > Message-ID: <f9bc13aa-db83-5b07-66ec-1d27c22f9...@comcast.net> > Content-Type: text/plain; charset=UTF-8; format=flowed > > On 3/16/2022 8:49 PM, D. wrote: > > Michael, > > > > I think I get what you're saying. In my own case, I've taken to > > separating the pretax streams into their own income accounts, which > > seemingly addresses some of your points. > > > > But one of the big selling points of IRA/401Ks is that they earn money > > tax deferred (which I've also isolated into their own income > > accounts). How does Joe allocate the distributions-- or does it even > > matter? Each distribution is going to include a portion of deferred > > income and a portion of untaxed dividends (at least how I've captured > > the txns thus far). Is there a different way to manage those dividends? > > If the contributions are all "pre-tax" then they are "deferred income" . > The "deferred income" account would have been used when you entered the > transaction for a contribution. > > What the account has earned is also all "deferred income". If you were > entering transactions to record the increase in value of your 401K, that > would have been the other side of the transaction. Note that it is "deferred > ordinary income? and not "deferred capital gains" > > If the 401k existed before you began with gnucash, the probable cause was > entering the starting balance using the "tool" (so other side "starting > equity"). It should have been "deferred income" << you could still use the > tool -- when you created "deferred income" (probably under > equity) with the same starting value that would have taken it out of > "starting equity". Understand? Yes "deferred income" is part of your equity > but it is different than your other equity because it has an attached tax > liability. > > Michael D Novack > > PS? --- Bears repeating, but a "manual" is not a "user guide". We really > should not be advising users about things like this. In other words, the > question isn't "how do I enter transactions related to a 401k" but "what > accounts, what transactions, would I be using when accounting for a 401k". > That's for a tax accountant to tell you, or you look it up. I am not legally > qualified to answer "tax accountant" sorts of questions. > > > > ------------------------------ > > Subject: Digest Footer > > _______________________________________________ > > 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. > > > ------------------------------ > > End of gnucash-user Digest, Vol 228, Issue 33 > ********************************************* > > _______________________________________________ > 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. _______________________________________________ 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. 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