Re: [GNC] Fwd: Double entry directly to Equity

2022-05-08 Thread Bogdan
Thanks, that answers my question! On Sun, May 8, 2022 at 12:03 PM wrote: > Bogdan > > That's easy. In the Accounts Tab, right click on the top level Equity > account to > select it and then right click anywhere in the pane and select New Account > from > the popup menu or use Actions->New Accou

Re: [GNC] Fwd: Double entry directly to Equity

2022-05-08 Thread davidcousens49
Bogdan That's easy. In the Accounts Tab, right click on the top level Equity account to select it and then right click anywhere in the pane and select New Account from the popup menu or use Actions->New Account from the mainmenu. This should start the dialogue with Equity as the parent account, e

Re: [GNC] Fwd: Double entry directly to Equity

2022-05-08 Thread Bogdan
Well, actually my question is not an accounting question but rather a technical one on how to set up and use equity accounts in Gnucash, if at all possible (I'm a qualified accountant by the way). I took a revaluation reserve just as an example. In many accounting frameworks you can find items tha

Re: [GNC] Fwd: Double entry directly to Equity

2022-05-07 Thread Michael or Penny Novack
This Investopedia page ( https://www.investopedia.com/terms/r/revaluationreserves.asp#:~:text=Revaluation%20reserve%20is%20an%20accounting,of%20the%20asset%20has%20changed .) might provide some insights into how to setup revaluation reserves. My reading of this is that the Reserve account is a

Re: [GNC] Fwd: Double entry directly to Equity

2022-05-07 Thread davidcousens49
Bogdan, This Investopedia page ( https://www.investopedia.com/terms/r/revaluationreserves.asp#:~:text=Revaluation%20reserve%20is%20an%20accounting,of%20the%20asset%20has%20changed .) might provide some insights into how to setup revaluation reserves. My reading of this is that the Reserve account

[GNC] Fwd: Double entry directly to Equity

2022-05-07 Thread Bogdan
Any suggestions there? -- Forwarded message - From: Bogdan Date: Wed, May 4, 2022, 12:04 Subject: Double entry directly to Equity To: Hi, I am trying to figure out how to set up a revaluation reserve account directly in Equity so that I could do e.g. Dr Asset a/c Cr Equity.