Thanks Michael, that's very helpful for my understanding!
Chris
On Sat, 21 Oct 2023, 23:17 Michael or Penny Novack, <
stepbystepf...@comcast.net> wrote:
>
> > Yeah, I tried that, but in the Employee -> New expenses voucher -> Edit
> > Expense Voucher list, right-clicking on the Description block
Sorry, but this isn't really a gnucash question.
By which I mean if you knew how to do this (by the standards of your
jurisdiction) were the books being kept the old fashioned way, pen and
ink on paper, you would have little difficulty doing it with the books
being kept using gnucash. The "ret
I could be misunderstanding the desired goal.
Do you want the interest portion to be calculated on the immediate
deposit or on the entire account balance?
If the immediate deposit, you would simply add a split for the interest
and indicate the amount. (since it is fixed, the rate is irrelevan
Considering the timing of the GnuCash release and the Ubuntu 23.10
release, your build issues are likely due to dependency hell. I've had a
few frustrating build sessions where GnuCash needed an ever so slightly
older version of a library that wasn't in the new repos. (and this
cascaded to some
The GnuCash workflow doesn't include 'closing the books'.
That function was added by request, but it is entirely optional.
Following up from Michael's answer, I'll ask:
Why do you want to close the books? Habit?
GnuCash is designed to not need to. You can happily just keep plodding
along unt
Chris,
For Vouchers, Invoices & Bills, you need to use the menu item Business >
Manage Document Link, *while viewing the document*. (not the report of
the document, the document itself - same as when you first created it)
You can't have separate linked files per line item, but you have two
o
On 10/21/23 11:38 AM, R Losey wrote:
On Fri, Oct 20, 2023 at 11:57 AM Michael or Penny Novack <
stepbystepf...@comcast.net> wrote:
On 10/20/2023 11:47 AM, Edwin Booth wrote:
Thank you Michael. The ancient history of these terms is really
interesting. I don’t really “get it” yet but I see the i
Edwin,
Debit/Credit is just Left/Right.
Maybe this will help...
The Accounting Equation:
Assets - Liabilities = Equity
(let's make all terms 'positive')
Assets = Liabilities + Equity
(now, we'll split off a subset of Equity)
Assets = Liabilities + Equity + Retained Earnin
On Sun, Oct 22, 2023 at 9:59 AM Michael or Penny Novack <
stepbystepf...@comcast.net> wrote:
> Sorry, but this isn't really a gnucash question.
>
> By which I mean if you knew how to do this (by the standards of your
> jurisdiction) were the books being kept the old fashioned way, pen and
> ink on
By default, formal labels are not used. GnuCash already caters to this idea.
Regards,
Adrien
On 10/20/23 5:48 PM, flywire wrote:
https://lists.gnucash.org/pipermail/gnucash-user/2023-October/109184.html
Edwin Booth wrote:
I need to wrap my head around the whole “debit/credit” concept.
No you
I am also of the opinion that hiding or obfuscating terms and concepts
is not the solution.
Education is.
Yeah, I got an A in Accounting 101, big whoop, but I've understood it by
leaps and bounds decades later by using GnuCash with formal labels
turned on. (and using the Transaction Journal V
First, your use case might be out of scope for GnuCash.
But you might be able to accomplish #3 with a Transaction Report.
Since you want a delta though, you will likely have to run two such
reports with different ending dates (either independently or using the
Multi-Column report) and then exp
On 2023-10-22 09:47, Adrien Monteleone wrote:
> Why do you want to close the books? Habit?
> GnuCash is designed to not need to.
I was closing books because otherwise I thought I couldn't see current
year's income and expense totals.
But, as Adrien taught me, if you just want a way to see the curr
On 2023-10-22 10:42, Adrien Monteleone wrote:
> I am also of the opinion that hiding or obfuscating terms and concepts
> is not the solution.
+1
It usually makes things harder not easier, as this very thread has
illustrated at great length.
Stan Brown
Tehachapi, CA, USA
https://BrownMath.com/
__
On Sun, Oct 22, 2023 at 12:56 PM Adrien Monteleone <
adrien.montele...@lusfiber.net> wrote:
> First, your use case might be out of scope for GnuCash.
>
Could you clarify what you believe the use case is, and what you believe
in-scope use of the software would be?
_
I am on Ubuntu 23.04. My settings allow for the most recent version and
I have not seen 23.10 as an optional update to apply.
But, on 23.04 I have had not problems building the most recent versions
of GnuCash from the GIT repository. A number of releases back a script
was made available that
From the GnuCash website:
"GnuCash is personal and small-business financial-accounting software..."
(also contained in the Readme.txt file)
How large or complicated of a 'small business' is meant here would be
better answered by one of the developers, but an example of out-of-scope
would be '
On Sun, Oct 22, 2023 at 1:42 PM Adrien Monteleone <
adrien.montele...@lusfiber.net> wrote:
> From the GnuCash website:
>
> "GnuCash is personal and small-business financial-accounting software..."
>
I will note that "small" in terms of revenue, assets, staff, or owners is
arbitrary, so I'll focu
Bravo, Adrien!
You weren't writing this message for me, but you happened to write the
explanation of "debit" and "credit" which I found very clear. I realise
that this won't be the ideal explanation for everyone, but it was for me.
Thank you for helping me understand. And thank you to everyon
Geez, I scraped it and put it in my database and called it "Accounting
Principles Explained".
Thank you Adrien!
On 10/22/23 15:23, Jim DeLaHunt wrote:
Bravo, Adrien!
You weren't writing this message for me, but you happened to write the
explanation of "debit" and "credit" which I found very
Hi Adrien,
Thanks for the reply, I figured out how to use the formula
system with scheduled transactions with some trial-and-error.
I tried both a simple formula like 1000*4/100 for a recurring
fixed 4% deposit, and a compounding formula, like:
computeInterestIncrement( 1000.00 : 0.4 : 12 : i )
w
You're quite welcome Jim, and here I thought I was the one learning from
you!
We all have something to offer others, is I think, the lesson here.
Regards,
Adrien
On 10/22/23 3:23 PM, Jim DeLaHunt wrote:
Bravo, Adrien!
You weren't writing this message for me, but you happened to write the
ex
Adrien,
This needs to make it into the Basics section of the Guide. I am planning to
revise it when I get a break from grandchildren and other activities in line
with some of flywire's comments re putting transaction explanation before the
details of accounts.
David
On Sun, 2023-10-22 at 12:36
You're welcome!
I think I have a longer winded version in another thread somewhere, but
I think this one does a better job.
Regards,
Adrien
On 10/22/23 3:30 PM, Mark at Lorimark wrote:
Geez, I scraped it and put it in my database and called it "Accounting
Principles Explained".
__
On 2023-10-22 13:36, Name Same wrote:
> One thing I note is that in the transaction template, I had to show
> a debit action into the bank account, and a credit action from
> Income:interest to keep the sheet balanced. Is that the right thing to do?
Absolutely. Debits must balance credits in every
GnuCash is designed to not need to. You can happily just keep plodding
along until the Sun consumes the Earth.
Closing books was necessary in pen and paper days because books were
physical volumes with limited space. They were not infinite.
This had the added benefit of catching errors
See my reply in the thread titled "I need basic help" made today that
gives an overview of Debits & Credits.
Your splits in that transaction should be something like:
Dr. Assets:Deposit Account (amount = cash + interest)
Cr. Assets:Cash
Cr. Income:Interest
(These are just general names, us
Cool, thanks!
(I attempted to setup a documentation build workflow long ago but put it
on a back burner along with a pile of other things. I need to bring it
to the front. In the meantime, thanks for considering this a worthy
addition.)
There is already some discussion with nice graphics con
On 2023-10-22 12:55, Quinn Wood wrote:
> The only use case where retained earnings comes into play is when
> performing bookkeeping for a business that is taxed separately from its
> owners.
I don't think that's right.
(1) I was on the Board of a 501(c)(3) tax-exempt charity, and we had
retained
On Sun, Oct 22, 2023 at 3:56 PM Stan Brown (using GC 4.14) <
stan...@fastmail.fm> wrote:
> On 2023-10-22 12:55, Quinn Wood wrote:
> > The only use case where retained earnings comes into play is when
> > performing bookkeeping for a business that is taxed separately from its
> > owners.
>
> I don'
Quinn,
Have you investigated customizing the reports for the particular situation and
renaming the report sections to meet your needs. The Edit->Report Options alows
selecting particular accounts, date ranges etc but modifying the report code
(Scheme) allows you to customize them to whatever you w
On Sun, Oct 22, 2023 at 5:11 PM David Cousens
wrote:
> Have you investigated customizing the reports for the particular situation
> and
> renaming the report sections to meet your needs. The Edit->Report Options
> alows
> selecting particular accounts, date ranges etc but modifying the report
> c
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