On Sun, Jan 17, 2021 at 4:33 AM Jason Zhang <[email protected]> wrote:
> Hello everybody, > > I searched the beancount docs and Google Group and didn't find exactly > what I needed, so maybe someone here can help me. > > What is the best way to work with retained earnings? I see that the > account Equity:Earnings:Current was generated automatically, but how do I > interact with that? > It's the OPEN operation in bean-query which summarizes all the past transactions and transfers balances of the account statement from those. If you don't use bean-query, there's a function you can call in beancount.ops.summarize > > I ask because ultimately I am looking for the answer on how to record > equity payouts. For example, suppose I am recordkeeping for company XYZ. > XYZ has $1000 in assets, $0 in liabilities, $600 in share capital, and $400 > in retained earnings. XYZ then pays a distribution of $300 (e.g. > dividends). The final result should be $700 in assets, $0 in liabilities, > and $600 in share capital, and $100 in retained earnings. How would I > record that distribution? > You've just answered your own question, insert a transaction for -300 assets +300 equity Remember that equity is negative by default, so that's reducing it > -- > You received this message because you are subscribed to the Google Groups > "Beancount" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/beancount/028e7d69-5dcf-4573-929c-93971befb169n%40googlegroups.com > <https://groups.google.com/d/msgid/beancount/028e7d69-5dcf-4573-929c-93971befb169n%40googlegroups.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAK21%2BhML_vmYH018Eq4PCPu_2fBF0wiCxP13Tiozs83rJY%2B4ZA%40mail.gmail.com.
