But even if formally restricted, I believe it's not a liability but a
_contingent_ liability. It only becomes a liability if the organization
makes a decision not to use it in that way, or if a deadline runs out.
Stan Brown
Tehachapi, CA, USA
https://BrownMath.com
On 2023-06-01 11:06, Michael or
On 6/1/2023 12:24 PM, Michael Hendry wrote:
Thanks, Michael.
IIRC, we exchanged some posts on the list some years ago, when I created
Liability accounts for donations that were earmarked by the donors for
particular purposes and later had to backtrack, following the advice of the
accountant w
Thanks, Michael.
IIRC, we exchanged some posts on the list some years ago, when I created
Liability accounts for donations that were earmarked by the donors for
particular purposes and later had to backtrack, following the advice of the
accountant who examines our books. Indeed, I think you may
As I said, I haven’t been using the Business Features because they’re an added
complication, and because our accounts are kept on a cash basis.
A Bursary is a grant made to assist a talented student who might otherwise be
unable to afford a course. It’s doesn’t usually involve competition (li
On 1 Jun 2023, at 02:50, Murugan Muruganandam
wrote:
>
> michael
>
> for Bursary accounting purposes you can use the liability option
>
> Bursary account funding from the donor
> Cr Liability: Bursary:Donor 1 : $1000
> Dr Assets: Bank : $ 1000
> Payment to student invoice
> Dr Assets: Bank :
Subject: Re: [GNC] Dealing with discounts when not using Business Features
On 31 May 2023, at 20:46, Vincent Dawans wrote:
>
> Personally I would create your Discounts and Bursary accounts as income
> accounts, possibly even as subaccounts of your main income account for that
> pro
On 31 May 2023, at 20:46, Vincent Dawans wrote:
>
> Personally I would create your Discounts and Bursary accounts as income
> accounts, possibly even as subaccounts of your main income account for that
> product/service. Yes they will only have rebates (debits) in them, but they
> are not an
As Michael said, this is more an accounting question than a GnuCash
question. Therefore, the usual caveats about regulations in your country.
I was going to propose the same thing as Vincent, but I forbore because
I don't know what a "bursary" is. But I'll say I quite agree with
Vincent's approach
1:26 PM
To: Gnucash userlist
Subject: [GNC] Dealing with discounts when not using Business Features
More of a bookkeeping query than a GnuCash problem, but here goes…
I am a trustee of a local jazz education charity, the main event being a jazz
summer school with residential and non-residential
Personally I would create your Discounts and Bursary accounts as income
accounts, possibly even as subaccounts of your main income account for that
product/service. Yes they will only have rebates (debits) in them, but they
are not an expense, they are a form of reduced income (by choice). The
dist
More of a bookkeeping query than a GnuCash problem, but here goes…
I am a trustee of a local jazz education charity, the main event being a jazz
summer school with residential and non-residential options.
We offer discounts of 5% for two or more family members attending, 10% for
group bookings,
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