Re: [GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

2023-01-17 Thread Michael or Penny Novack
Maybe I misunderstood, I thought you wanted to track the items' values & depreciation separately. By all means, otherwise lump them in one account. (you can of course make separate transactions for each item, which would allow you to run Transaction Reports filtered on each item if needed

Re: [GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

2023-01-17 Thread Stan Brown (using GC 2.6.19)
On 2023-01-17 13:53, Liz Dodd wrote: > On Tue, 17 Jan 2023 17:47:13 - > "Fred Bone" wrote: > >> While you could use SXs, given that you (presumably) know exactly >> what the depreciation schedule is for each item, you could equally >> well enter all the future amounts now. It's arguably sim

Re: [GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

2023-01-17 Thread Stan Brown (using GC 2.6.19)
On 2023-01-17 15:12, David Cousens wrote: > When you depreciate an asset each depreciation event is a write off of part > the > value of the asset to the appropriate expense account (credit to asset > account- > debit to expense account). It is completely written off when its book value as > an a

Re: [GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

2023-01-17 Thread David Cousens
Dave, Whether your purchases are second hand or not is irrelevant to their depreciation as assets in your business (that is unless your tax authority has a rule stating otherwise). The depreciation rules and rates are set by your tax authority and they usually have a schedule which sets out what p

Re: [GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

2023-01-17 Thread Dr. David Kirkby
On Tue, 17 Jan 2023 at 18:58, Adrien Monteleone < adrien.montele...@lusfiber.net> wrote: > > Maybe I misunderstood, I thought you wanted to track the items' values & > depreciation separately. By all means, otherwise lump them in one > account. (you can of course make separate transactions for eac

Re: [GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

2023-01-17 Thread Liz Dodd
On Tue, 17 Jan 2023 17:47:13 - "Fred Bone" wrote: > While you could use SXs, given that you (presumably) know exactly > what the depreciation schedule is for each item, you could equally > well enter all the future amounts now. It's arguably simpler than > setting up the SXs. +1 As every it

Re: [GNC] Crash on account delete

2023-01-17 Thread Stephen Rudolph
Adrien Monteleone posted in reply to Xe Roy > The lost transactions were in other accounts. > I assume that when the program crashed, I lost everything since the last automatic save. Highly likely. Investigate your auto-save interval in the meantime. Maybe a shorter one wi

Re: [GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

2023-01-17 Thread Adrien Monteleone
On 1/17/23 10:00 AM, Dr. David Kirkby wrote: 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 mu

Re: [GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

2023-01-17 Thread Fred Bone
On 17 January 2023 at 16:11, Dr. David Kirkby said: [...] > I thought monthly might work better with trying to automate what will be a > tedious process. The GnuCash Scheduled Transactions could possibly be > useful there. While you could use SXs, given that you (presumably) know exactly what th

Re: [GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

2023-01-17 Thread Dr. David Kirkby
On Mon, 16 Jan 2023 at 16:27, Michael or Penny Novack < stepbystepf...@comcast.net> wrote: > On 1/16/2023 7:29 AM, Dr. David Kirkby wrote: > > Apologies if this is too much an accounting question, but I'm stuck, and > am > > trying to work out how GnuCash will handle this. > > It is accounting, as

Re: [GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

2023-01-17 Thread Dr. David Kirkby
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 Ass