On Mon, 16 Jan 2023 at 23:32, Adrien Monteleone < adrien.montele...@lusfiber.net> wrote:
> Chris & Michael have both offered sound advice. > > I'll add towards your question of individual item tracking, simply > create sub-accounts under Assets:Fixed Assets for each one, and the > parent Fixed Assets should be empty. > > And no, they don't belong under Equity, they are Assets. The other side > of those transactions goes to Equity. (and then to Expenses for later > Depreciation as Chris noted) > > Regards, > Adrien > That would require a *lot* of accounts, but I guess it makes it blindingly obvious what the items are. I was hoping to try to automate the depreciation with the Scheduled Transactions in GnuCash. I've not used them yet, but I assume that it would be much more tricky if things are in many different accounts. But maybe I am wrong. For the purposes of submitting to Companies House, I only need the total of fixed assets - no breakdown is necessary. If the company was inspected, I assume that inspectors would want to see a breakdown. What would you do for transactions that have already been written off? I was tempted to add those, as the company has been going for 8 years, so whether I add 8 years of assets or 5 does not make much difference - am extra 55 items. Would it be sensible to create a vendor in GnuCash called "Written off" and let all things that are written off be purchased from "Written Off"? I don't really want to enter a new vendor for everything purchased years ago, and already written off. That would mean filling in the names and addresses of 55 more vendors, which would be a bit too time-consuming for my liking. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
