Re: [GNC] Handling personal yet-to-pay bills
I use the 'business features' for my personal bills. I don't have to, but it works well. Most of them are duplicated month-to-month, with only minor adjustments for particular fees and usage. (such as phone call minutes, utility usage, etc.) The line items rarely if ever change. I just change the amounts, then post the bill with its due date. The only issue I've ever run into was for a bill for pre-paid car insurance. The issue is one of recognizing the pre-paid expense on a cash vs. accrual basis. (the 'bill' feature uses an accrual method) Technically, the expense is not pre-paid until I actually pay it. So posting the bill when received like the others is a no-go. I can enter the bill when received of course, but can't post it till I physically pay it. Thus I have to forgo the 'Bills Due Reminder' for that one bill as that feature only works for posted bills. (I use my Reminders.app to handle that one for me) Regards, Adrien On 10/16/21 7:59 AM, Mattia Rizzolo wrote: Hi people! I'm a new gnucash user, starting pretty much now. I'll start by saying that despite being a self-employed contractor (and such I am making use of some of the business features of gnucash), my fiscal position in my country (Italy) doesn't impose me any kind of obligation concerning account reports. As such the focus of my set up is really personal, and for now I'm not trying to do things like figuring my tax filings from this. Furthermore I'm allowed to mix "my" money and "my business" money, so effectively my assets are mixed. I have been looking for a more featureful tool than a crude spreadsheet to track all of my assets (and changes to them), that span multiple banks and brokerages (and I also believe I do relatively complex/unusual things that I'd love to be able to track, but I'll come back at a later moment to those). In fact I've been quite happy to discover that the grand total was actually more than what I thought I had at hand :D So thank you to the devs for this program that for now made me very satisfied! :) With that out of the way, today I would like to start with asking the wider community how you'd suggest to track "personal bills" that come and needs to be paid. I'm referring to things like utility bills (phone, electricity, etc) or tax payments that needs to be done; especially those payments that are done manually and don't direct debit to the checking account or credit card. I'd like to have those kind of things filed in even if the actual payment has not been instructed yet, in which case it should count toward a liability (since after all it would an A/P). That would likely also help me remind me of the deadlines. I'm aware of the "bills" feature (that I already started to use with a business vendor, and looks like it's behaving exactly as I'd expect), but I'd like to double check with you if as a user in my situation I'm expected to use the same "business feature" also for personal things? Thanks in advance for your support and sorry for being long-winded! ___ 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.
Re: [GNC] Handling personal yet-to-pay bills
Hi Gyle! Thanks for answering. I already tried adding transactions with a future date, and that indeed turned out to be as useful as I expected. So far I've done that for things like bank transfers or direct debits that are already issued with a future date. Examples recently were some credit card bills coming in, for which I recorded the payments at the date they will be debited to my checking account, since that was sure to happen. As a more practical example, right now I have two outstanding payments: the electricity bill that is due on November 22nd (that I'll pay with my credit card; the electric company doesn't do recurring charges to credit cards, go figure…), and a tax payment due on November 30th. I have no idea *yet* when I'm going to execute those two payments so, I suppose I'll either have to edit the already-recorded transaction if I simply handle it as you suggests (googling past similar question I saw somebody using a special string in the "memo" field to recognize them). On Sat, Oct 16, 2021 at 02:29:18PM +, Gyle McCollam wrote: > You could go the more accounting route and use an accounts payable > account or you could do what I do, since I use it for personal > accounting purposes, and just record it in the usual account say debit > electric and credit your bank account (Checking I assume) on the date > you actually are going to pay it. What that does, it shows your > "future balance". GNUCash shows a blue line at the current date and > all future payments below the line. You could either write the check > now or refer to your checking account to see when you actually need to > write the checks. I was a bit surprised that you can't have those > expenses automatically deducted when they are due. -- regards, Mattia Rizzolo GPG Key: 66AE 2B4A FCCF 3F52 DA18 4D18 4B04 3FCD B944 4540 .''`. More about me: https://mapreri.org : :' : Launchpad user: https://launchpad.net/~mapreri `. `'` Debian QA page: https://qa.debian.org/developer.php?login=mattia `- signature.asc Description: PGP signature ___ 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.
Re: [GNC] Handling personal yet-to-pay bills
Mattia, You could go the more accounting route and use an accounts payable account or you could do what I do, since I use it for personal accounting purposes, and just record it in the usual account say debit electric and credit your bank account (Checking I assume) on the date you actually are going to pay it. What that does, it shows your "future balance". GNUCash shows a blue line at the current date and all future payments below the line. You could either write the check now or refer to your checking account to see when you actually need to write the checks. I was a bit surprised that you can't have those expenses automatically deducted when they are due. Thank You, Gyle McCollam Gyle McCollam 609.680.2326 Mobile gmccol...@live.com<mailto:gmccol...@gyleshomes.com> email From: gnucash-user on behalf of Mattia Rizzolo Sent: Saturday, October 16, 2021 8:59 AM To: gnucash-user@gnucash.org Subject: [GNC] Handling personal yet-to-pay bills Hi people! I'm a new gnucash user, starting pretty much now. I'll start by saying that despite being a self-employed contractor (and such I am making use of some of the business features of gnucash), my fiscal position in my country (Italy) doesn't impose me any kind of obligation concerning account reports. As such the focus of my set up is really personal, and for now I'm not trying to do things like figuring my tax filings from this. Furthermore I'm allowed to mix "my" money and "my business" money, so effectively my assets are mixed. I have been looking for a more featureful tool than a crude spreadsheet to track all of my assets (and changes to them), that span multiple banks and brokerages (and I also believe I do relatively complex/unusual things that I'd love to be able to track, but I'll come back at a later moment to those). In fact I've been quite happy to discover that the grand total was actually more than what I thought I had at hand :D So thank you to the devs for this program that for now made me very satisfied! :) With that out of the way, today I would like to start with asking the wider community how you'd suggest to track "personal bills" that come and needs to be paid. I'm referring to things like utility bills (phone, electricity, etc) or tax payments that needs to be done; especially those payments that are done manually and don't direct debit to the checking account or credit card. I'd like to have those kind of things filed in even if the actual payment has not been instructed yet, in which case it should count toward a liability (since after all it would an A/P). That would likely also help me remind me of the deadlines. I'm aware of the "bills" feature (that I already started to use with a business vendor, and looks like it's behaving exactly as I'd expect), but I'd like to double check with you if as a user in my situation I'm expected to use the same "business feature" also for personal things? Thanks in advance for your support and sorry for being long-winded! -- regards, Mattia Rizzolo GPG Key: 66AE 2B4A FCCF 3F52 DA18 4D18 4B04 3FCD B944 4540 .''`. More about me: https://mapreri.org : :' : Launchpad user: https://launchpad.net/~mapreri `. `'` Debian QA page: https://qa.debian.org/developer.php?login=mattia `- ___ 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.
[GNC] Handling personal yet-to-pay bills
Hi people! I'm a new gnucash user, starting pretty much now. I'll start by saying that despite being a self-employed contractor (and such I am making use of some of the business features of gnucash), my fiscal position in my country (Italy) doesn't impose me any kind of obligation concerning account reports. As such the focus of my set up is really personal, and for now I'm not trying to do things like figuring my tax filings from this. Furthermore I'm allowed to mix "my" money and "my business" money, so effectively my assets are mixed. I have been looking for a more featureful tool than a crude spreadsheet to track all of my assets (and changes to them), that span multiple banks and brokerages (and I also believe I do relatively complex/unusual things that I'd love to be able to track, but I'll come back at a later moment to those). In fact I've been quite happy to discover that the grand total was actually more than what I thought I had at hand :D So thank you to the devs for this program that for now made me very satisfied! :) With that out of the way, today I would like to start with asking the wider community how you'd suggest to track "personal bills" that come and needs to be paid. I'm referring to things like utility bills (phone, electricity, etc) or tax payments that needs to be done; especially those payments that are done manually and don't direct debit to the checking account or credit card. I'd like to have those kind of things filed in even if the actual payment has not been instructed yet, in which case it should count toward a liability (since after all it would an A/P). That would likely also help me remind me of the deadlines. I'm aware of the "bills" feature (that I already started to use with a business vendor, and looks like it's behaving exactly as I'd expect), but I'd like to double check with you if as a user in my situation I'm expected to use the same "business feature" also for personal things? Thanks in advance for your support and sorry for being long-winded! -- regards, Mattia Rizzolo GPG Key: 66AE 2B4A FCCF 3F52 DA18 4D18 4B04 3FCD B944 4540 .''`. More about me: https://mapreri.org : :' : Launchpad user: https://launchpad.net/~mapreri `. `'` Debian QA page: https://qa.debian.org/developer.php?login=mattia `- signature.asc Description: PGP signature ___ 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.
