Hej
Here comes some slightly updated versions of
basics
accts
txns
oview
loans
Main thing I have done is to change from "we" to "you" format.
At least it is consistent...
Txt diff, and xml diff is attached. Both against latest SVN version.
I am continuing to work on Currencies...
Still would like to have some hints and tips on how to invest in
Currencies, as opposed to investing in Stocks... Have not done it
myself.
/Bengt
--- gnucash-guide.SVN.13869.txt 2006-04-28 18:58:15.000000000 +0800
+++ gnucash-guide.txt 2006-04-28 18:59:06.000000000 +0800
@@ -819,11 +819,11 @@
● Chapter 6, Credit Cards
- ● Chapter 7: Loans
+ ● Chapter 7, Loans
● Chapter 8: Investments
- ● Chapter 9: Capital Gains
+ ● Chapter 9, Capital Gains
● Chapter 10: Multiple Currencies
@@ -2426,11 +2426,11 @@
The Basic Top Level Accounts
-Now, we must decide how you want to group these accounts. Most likely, you want
-your assets groups together, your liabilities grouped together, your Equity
-grouped together, your income grouped together, and your expenses grouped
-together. This is the most common way of building a GnuCash chart of accounts,
-and it is highly recommended that you always begin this way.
+Now, you must decide how you want to group these accounts. Most likely, you
+want your assets groups together, your liabilities grouped together, your
+Equity grouped together, your income grouped together, and your expenses
+grouped together. This is the most common way of building a GnuCash chart of
+accounts, and it is highly recommended that you always begin this way.
Start with a clean GnuCash file (do not select any predefined accounts) and
build this basic starting account structure (File -> New Account...).
@@ -2463,7 +2463,7 @@
Making Sub-Accounts
-We can now add to this basic top-level tree structure by inserting some real
+You can now add to this basic top-level tree structure by inserting some real
transaction-holding sub-accounts. Notice that the tax accounts are placed
within a sub-account named "Taxes". You can make sub-accounts within
sub-accounts. This is typically done with a group of related accounts (such as
@@ -3040,7 +3040,8 @@
Validate a scheduled transaction from the editor
If you click in the calendar part on the first day of one month, a small
-window, following your mouse, will show you what is planned for this day.
+window, following your mouse, will show you what is planned for this day. To
+make the small window dissapear again, just click in it one more time.
You can now close the Scheduled Transaction Editor window, and save your work.
@@ -3181,7 +3182,7 @@
● Change to Monthly, change description if needed and press OK
- 5. To transfer money from you savings account to your checking account, open
+ 5. To transfer money from your savings account to your checking account, open
the Assets:Savings account regischildsplay-alphabet-sounds-svter, add a new
transaction setting the Transfer to Assets:Checking in the amount of $100
(date 6 March, 2006).
@@ -3202,7 +3203,7 @@
Expenses:Taxes:Social Security (eg: $60)) and lastly the gross total of
your paycheck (eg: $1000) as a withdrawal transfer from Income:Salary.
- 8. We also need to pay for our Internet subscription of 20 USD on the 28th.
+ 8. You also need to pay for your Internet subscription of 20 USD on the 28th.
Chart accounts after setting all the various transactions
@@ -4102,7 +4103,7 @@
not want to owe anything at the end of the loan). Compounding is Monthly,
Payments are Monthly, assume End of Period Payments, and Discrete Compounding.
Now, click on the Calculate button next to the Periodic Payment area. You
-should see -473.30.
+should see $-472.42.
Answer: You must make monthly payments of 473.30.
@@ -4210,9 +4211,10 @@
Example: Monthly Payments
-Let's recalculate the examples shown above, this time using the mathematical
-formulas rather than the Financial Calculator. What is your monthly payment on
-a $100000 30 year loan at a fixed rate of 4% compounded monthly?
+Let's recalculate the section called “Example: Monthly Payments”, this time
+using the mathematical formulas rather than the Financial Calculator. What is
+your monthly payment on a $100000 30 year loan at a fixed rate of 4% compounded
+monthly?
First, let's define the variables: n = (30*12) = 360, PV = 100000, PMT =
unknown, FV = 0, i = 4%=4/100=0.04, CF = PV = 12, X = 0 (end of payment
@@ -4230,22 +4232,7 @@
100000*(2.313498 + 1)] / [2.313498 * 300] = -331349.8 / 694.0494 = -477.415296
= -477.42.
-If you would like to do the same calculation by using GnuCashs finacial
-calculator, then start it using Tools->Financial Calculator and enter
-
- ● 30 * 12 as Payment periods
-
- ● 4 as Interest Rate
-
- ● 100000 as Present Value
-
- ● Press Clear as Periodic payment
-
- ● 0 as Payment periods
-
-Press Calculate and you will see that you need to pay $477.42 per month for the
-next 360 months, as well as you will have payed a total of $171,871.20 during
-this period. See screenshot at the section called “Calculations”.
+Answer: You must make monthly payments of 472.42.
House Mortgage (How-To)
@@ -4333,14 +4320,14 @@
● Monthly Payment : ??
-So how do we caculate the Montly Payment?
+So how do you caculate the Montly Payment?
-We have a number of different options, like paper and pen, Linux Calculator,
+You have a number of different options, like paper and pen, Linux Calculator,
Open Office's Calc module, but the easiest is to use GnuCash Financial
-Calculater. This gives us that the Monthly Payment should be 115.56$.
+Calculater. This gives you that the Monthly Payment should be 115.56$.
-But we need to know how much of this is Interest and how much is Principal to
-be able to do a proper bookkeeping. For this we need a bit more powerful tool,
+But you need to know how much of this is Interest and how much is Principal to
+be able to do a proper bookkeeping. For this you need a more powerful tool,
something like the Calc module in Open Office, and in particular the PMT
function.
@@ -4488,14 +4475,14 @@
Selling a house or a car (How-To)
When you will record the selling of your house in GnuCash you have some
-different options. Here we will go through two of them, one in which we only
-recorded the purchase amount, and now the selling amount. The other where we
+different options. Here we will go through two of them, one in which you only
+recorded the purchase amount, and now the selling amount. The other where you
have followed the ups and downs on the property market and registered various
Unrealized gains over the time.
Simple Transaction
-In this way we only record the proper sale amount.
+In this way you only record the proper sale amount.
Lets work through two samples of selling a house, one with a profit, and one
with a loss. If you want to sell a car instead, just substitute the house
@@ -4512,13 +4499,13 @@
-House
- ● We bought a house for $300,000 once upon a time, and managed to sell it for
- $600,000. How do we record this?
+ ● You bought a house for $300,000 once upon a time, and now managed to sell
+ it for $600,000. How do you record this?
- To record this we need to increase our bank account with the $600k, and
+ To record this you need to increase our bank account with the $600k, and
decrease some other accounts with $600k. The house account only contains
- $300k which is what we bought it for, so we move this amount to our bank
- account. That means we are lacking #300k. This amount we fetch from the
+ $300k which is what you bought it for, so you move this amount to your bank
+ account. That means you are lacking #300k. This amount you fetch from the
Income:Captial Gains Long:House account. The split transaction you enter
into your bank account (Assets:Fixed Assets:Saving) should look like this.
@@ -4533,16 +4520,17 @@
├───────────────────────────────┼────────┼────────┤
│Income:Capital Gains Long:House│ │$300,000│
└───────────────────────────────┴────────┴────────┘
- ● We bought a house for $300,000 once upon a time, but due to a newly created
- airport, we could only sell it for $230,000. How do we record this?
+ ● You bought a house for $300,000 once upon a time, but due to a newly
+ created airport, could only sell it for $230,000. How do you record this?
- To record this we need to increase our bank account with the $230k, and
+ To record this you need to increase your bank account with the $230k, and
decrease some other accounts with $230k. The house account contains $300k
- which is more than what we sold it for. So lets move $230k of it to our
- bank account. After this we have $70k remaining in our house account which
- needs to be removed. We move it to our Income:Capital Gains Long:House
- account, which will indicate a loss. The split transaction you enter into
- your house account (Assets:Fixed Assets:House) should look like this.
+ which is more than what you sold it for. So lets move $230k of it to your
+ bank account. After this you have $70k remaining in your house account
+ which needs to be removed. You move it to our Income:Capital Gains
+ Long:House account, which will indicate a loss. The split transaction you
+ enter into your house account (Assets:Fixed Assets:House) should look like
+ this.
Table 7.4. Selling an asset (house) with a loss
@@ -4562,8 +4550,8 @@
principles. For more details on this subject please check Chapter 9, Capital
Gains
-Here we will only touch on the case when we have accurately estimated the
-current value of our house. For the other cases (over-, and under-estimated),
+Here we will only touch on the case when you have accurately estimated the
+current value of your house. For the other cases (over-, and under-estimated),
please check Chapter 9, Capital Gains.
@@ -4581,21 +4569,21 @@
-House
-We bought a house for $300,000 once upon a time, and over the years we have
-keept a close look on the market and updated our records with the estimated
-current value of our house. At the time we want to sell our house, we have
-determined that it is valued at $600,000.
+You bought a house for $300,000 once upon a time, and over the years keept a
+close look on the market and updated your records with the estimated current
+value of your house. At the time you want to sell it, you have determined that
+the current market value is $600,000.
The difference between $600,000 (estimated market value), and $300,000
-(purchase value) is the current Unrealized Gain value. Therefore we have a
-total of $300,000 in our Assets:Fixed Assets:House:Unrealized Gain account
+(purchase value) is the current Unrealized Gain value. Therefore you have a
+total of $300,000 in your Assets:Fixed Assets:House:Unrealized Gain account
-How do we record this sell transaction?
+How do you record this sell transaction?
-To record this we need to increase our bank account with the $600k, and
-decrease some other accounts with $600k. We must first change from unrealized
-gain to realized gain for our Income accounts. Lastly we transfer the full
-amounts from the "Assets:Fixed Assets:House" sub-accounts.
+To record this you need to increase your bank account with the $600k, and
+decrease some other accounts with $600k. You must first change from unrealized
+gain to realized gain for your Income accounts. Lastly you need to transfer the
+full amounts from the "Assets:Fixed Assets:House" sub-accounts.
The transaction you enter into your Income:Realized Gain:House account should
look like this.
@@ -4625,8 +4613,8 @@
│Assets:Fixed Assets:House:Unrealized Gain│ │$300,000│
└─────────────────────────────────────────┴────────┴────────┘
-After having recorded these transactions we see that our House Asset have a
-value of 0, our Savings account have increased with $600,000, and lastly, the
+After having recorded these transactions you see that your House Asset have a
+value of 0, your Savings account have increased with $600,000, and lastly, the
Income:Realized Gain have increased to $300,000.
Missing Loan Documentation
Index: ch_loans.xml
===================================================================
--- ch_loans.xml (revision 13869)
+++ ch_loans.xml (working copy)
@@ -242,9 +242,9 @@
loan). Compounding is Monthly, Payments are Monthly, assume End of
Period Payments, and Discrete Compounding. Now, click on the
<guibutton>Calculate</guibutton> button next to the Periodic Payment
- area. You should see -473.30.</para>
+ area. You should see $-477.42.</para>
- <para>Answer: You must make monthly payments of 473.30.</para>
+ <para>Answer: You must make monthly payments of 477.42.</para>
</sect2>
<sect2 id="loans_calcsexample2_2">
@@ -367,7 +367,8 @@
<sect3 id="loans_calcsdetails_ex2">
<title>Example: Monthly Payments</title>
- <para>Let's recalculate the examples shown above, this time using the
+ <para>Let's recalculate <xref linkend="loans_calcsexample1_2"/>,
+ this time using the
mathematical formulas rather than the Financial Calculator. What is
your monthly payment on a $100000 30 year loan at a fixed rate of 4%
compounded monthly?</para>
@@ -390,41 +391,8 @@
1)]/[A*B] = -[0 + 100000*(2.313498 + 1)] / [2.313498 * 300] =
-331349.8 / 694.0494 = -477.415296 = -477.42.</para>
- <para>If you would like to do the same calculation by using GnuCashs
- finacial calculator, then start it using <menuchoice>
- <guimenu>Tools</guimenu>
+ <para>Answer: You must make monthly payments of 477.42.</para>
- <guimenuitem>Financial Calculator</guimenuitem>
- </menuchoice> and enter</para>
-
- <itemizedlist>
- <listitem>
- <para><userinput>30 * 12</userinput> as Payment periods</para>
- </listitem>
-
- <listitem>
- <para><userinput>4</userinput> as Interest Rate</para>
- </listitem>
-
- <listitem>
- <para><userinput>100000</userinput> as Present Value</para>
- </listitem>
-
- <listitem>
- <para>Press <guibutton>Clear</guibutton> as Periodic
- payment</para>
- </listitem>
-
- <listitem>
- <para><userinput>0</userinput> as Payment periods</para>
- </listitem>
- </itemizedlist>
-
- <para>Press <guibutton>Calculate</guibutton> and you will see that you
- need to pay <emphasis>$477.42</emphasis> per month for the next 360
- months, as well as you will have payed a total of
- <emphasis>$171,871.20</emphasis> during this period. See screenshot at
- <xref linkend="loans_calcs1" />.</para>
</sect3>
</sect2>
</sect1>
@@ -599,15 +567,15 @@
</listitem>
</itemizedlist></para>
- <para>So how do we caculate the Montly Payment?</para>
+ <para>So how do you caculate the Montly Payment?</para>
- <para>We have a number of different options, like paper and pen, Linux Calculator,
- Open Office's Calc module, but the easiest is to use
- GnuCash Financial Calculater. This gives us that the Monthly Payment
+ <para>You have a number of different options, like paper and pen,
+ Linux Calculator, Open Office's Calc module, but the easiest is to use
+ GnuCash Financial Calculater. This gives you that the Monthly Payment
should be 115.56$.</para>
- <para>But we need to know how much of this is Interest and how much is
- Principal to be able to do a proper bookkeeping. For this we need a bit
+ <para>But you need to know how much of this is Interest and how much is
+ Principal to be able to do a proper bookkeeping. For this you need a
more powerful tool, something like the Calc module in Open Office, and
in particular the PMT function.</para>
@@ -886,8 +854,8 @@
<para>When you will record the selling of your house in GnuCash you have
some different options. Here we will go through two of them, one in which
- we only recorded the purchase amount, and now the selling amount. The other
- where we have followed the ups and downs on the property market and registered
+ you only recorded the purchase amount, and now the selling amount. The other
+ where you have followed the ups and downs on the property market and registered
various Unrealized gains over the time.</para>
<para></para>
@@ -895,7 +863,7 @@
<sect2>
<title>Simple Transaction</title>
- <para>In this way we only record the proper sale amount.</para>
+ <para>In this way you only record the proper sale amount.</para>
<para>Lets work through two samples of selling a house, one with a
profit, and one with a loss. If you want to sell a car instead, just
@@ -914,14 +882,14 @@
<itemizedlist>
<listitem>
- <para>We bought a house for $300,000 once upon a time, and managed
- to sell it for $600,000. How do we record this?</para>
+ <para>You bought a house for $300,000 once upon a time, and now managed
+ to sell it for $600,000. How do you record this?</para>
- <para>To record this we need to increase our bank account with the
+ <para>To record this you need to increase our bank account with the
$600k, and decrease some other accounts with $600k. The house
- account only contains $300k which is what we bought it for, so we
- move this amount to our bank account. That means we are lacking
- #300k. This amount we fetch from the Income:Captial Gains Long:House
+ account only contains $300k which is what you bought it for, so you
+ move this amount to your bank account. That means you are lacking
+ #300k. This amount you fetch from the Income:Captial Gains Long:House
account. The split transaction you enter into your
<emphasis>bank</emphasis> account (<guilabel>Assets:Fixed
Assets:Saving</guilabel>) should look like this.</para>
@@ -968,15 +936,15 @@
</listitem>
<listitem>
- <para>We bought a house for $300,000 once upon a time, but due to a
- newly created airport, we could only sell it for $230,000. How do we
+ <para>You bought a house for $300,000 once upon a time, but due to a
+ newly created airport, could only sell it for $230,000. How do you
record this?</para>
- <para>To record this we need to increase our bank account with the
+ <para>To record this you need to increase your bank account with the
$230k, and decrease some other accounts with $230k. The house
- account contains $300k which is more than what we sold it for. So
- lets move $230k of it to our bank account. After this we have $70k
- remaining in our house account which needs to be removed. We move it
+ account contains $300k which is more than what you sold it for. So
+ lets move $230k of it to your bank account. After this you have $70k
+ remaining in your house account which needs to be removed. You move it
to our Income:Capital Gains Long:House account, which will indicate
a loss. The split transaction you enter into your
<emphasis>house</emphasis> account (<guilabel>Assets:Fixed
@@ -1033,8 +1001,8 @@
accounting principles. For more details on this subject please check
<xref linkend="chapter_capgain"></xref></para>
- <para>Here we will only touch on the case when we have accurately estimated
- the current value of our house. For the other cases (over-, and
+ <para>Here we will only touch on the case when you have accurately estimated
+ the current value of your house. For the other cases (over-, and
under-estimated), please check <xref linkend="chapter_capgain"></xref>.</para>
<para><literallayout>
@@ -1052,24 +1020,24 @@
-House
</literallayout></para>
- <para>We bought a house for $300,000 once upon a time, and over
- the years we have keept a close look on the market and updated our
- records with the estimated current value of our house. At the time
- we want to sell our house, we have determined that it is valued at
- $600,000. </para>
+ <para>You bought a house for $300,000 once upon a time, and over
+ the years keept a close look on the market and updated your
+ records with the estimated current value of your house. At the time
+ you want to sell it, you have determined that the current market
+ value is $600,000. </para>
<para>The difference between $600,000 (estimated market value), and
$300,000 (purchase value) is the current Unrealized Gain value. Therefore
- we have a total of $300,000 in our
+ you have a total of $300,000 in your
<guilabel>Assets:Fixed Assets:House:Unrealized Gain</guilabel> account</para>
- <para>How do we record this sell transaction?</para>
+ <para>How do you record this sell transaction?</para>
- <para>To record this we need to increase our bank account with the
+ <para>To record this you need to increase your bank account with the
$600k, and decrease some other accounts with $600k.
- We must first change from unrealized gain to realized gain
- for our Income accounts.
- Lastly we transfer the full amounts from the "Assets:Fixed Assets:House"
+ You must first change from unrealized gain to realized gain
+ for your Income accounts.
+ Lastly you need to transfer the full amounts from the "Assets:Fixed Assets:House"
sub-accounts.</para>
<para>The transaction you enter into your
@@ -1153,8 +1121,8 @@
</tbody>
</tgroup>
</table></para>
- <para>After having recorded these transactions we see that our House
- Asset have a value of 0, our Savings account have increased with $600,000,
+ <para>After having recorded these transactions you see that your House
+ Asset have a value of 0, your Savings account have increased with $600,000,
and lastly, the Income:Realized Gain have increased to $300,000.</para>
</sect2>
Index: ch_oview.xml
===================================================================
--- ch_oview.xml (revision 13869)
+++ ch_oview.xml (working copy)
@@ -409,11 +409,10 @@
<listitem>
<para><xref linkend="chapter_cc"></xref></para>
-
</listitem>
<listitem>
- <para>Chapter 7: Loans</para>
+ <para><xref linkend="chapter_loans"></xref></para>
</listitem>
<listitem>
@@ -421,7 +420,7 @@
</listitem>
<listitem>
- <para>Chapter 9: Capital Gains</para>
+ <para><xref linkend="chapter_capgain"></xref></para>
</listitem>
<listitem>
Index: ch_txns.xml
===================================================================
--- ch_txns.xml (revision 13869)
+++ ch_txns.xml (working copy)
@@ -900,7 +900,8 @@
<para>If you click in the calendar part on the first day of one month, a
small window, following your mouse, will show you what is planned for
- this day.</para>
+ this day. To make the small window dissapear again, just click in it
+ one more time.</para>
<para>You can now close the Scheduled Transaction Editor window, and
<guilabel>save</guilabel> your work.</para>
@@ -1159,7 +1160,7 @@
</listitem>
<listitem>
- <para>To transfer money from you savings account to your checking
+ <para>To transfer money from your savings account to your checking
account, open the <guilabel>Assets:Savings</guilabel> account
regischildsplay-alphabet-sounds-svter, add a new transaction setting
the Transfer to <guilabel>Assets:Checking</guilabel> in the amount
@@ -1194,7 +1195,7 @@
</listitem>
<listitem>
- <para>We also need to pay for our Internet subscription of 20 USD on
+ <para>You also need to pay for your Internet subscription of 20 USD on
the 28th.</para>
</listitem>
</orderedlist>
@@ -1317,4 +1318,4 @@
</orderedlist>
</sect2>
</sect1>
-</chapter>
\ No newline at end of file
+</chapter>
Index: ch_accts.xml
===================================================================
--- ch_accts.xml (revision 13869)
+++ ch_accts.xml (working copy)
@@ -351,7 +351,7 @@
</mediaobject>
</screenshot>
- <sidebar>
+ <note> <!-- <sidebar> -->
<title>More on Debits and Credits</title>
<para>Remember the terms debit and credit discussed in
@@ -389,7 +389,7 @@
<emphasis>credit</emphasis> your bank account. To the bank, this is a
decrease in a liability, so they <emphasis>debit</emphasis> your bank
account.</para>
- </sidebar>
+ </note> <!-- </sidebar> -->
</sect2>
</sect1>
@@ -429,7 +429,7 @@
<sect2 id="accts-examples-toplevel2">
<title>The Basic Top Level Accounts</title>
- <para>Now, we must decide how you want to group these accounts. Most
+ <para>Now, you must decide how you want to group these accounts. Most
likely, you want your assets groups together, your liabilities grouped
together, your Equity grouped together, your income grouped together,
and your expenses grouped together. This is the most common way of
@@ -515,7 +515,7 @@
<sect2 id="accts-examples-organization2">
<title>Making Sub-Accounts</title>
- <para>We can now add to this basic top-level tree structure by inserting
+ <para>You can now add to this basic top-level tree structure by inserting
some real transaction-holding sub-accounts. Notice that the tax accounts
are placed within a sub-account named "Taxes". You can make sub-accounts
within sub-accounts. This is typically done with a group of related
Index: ch_basics.xml
===================================================================
--- ch_basics.xml (revision 13869)
+++ ch_basics.xml (working copy)
@@ -444,7 +444,7 @@
more information you provide when entering transactions, the more
detailed your reports will be.</para>
- <sidebar>
+ <note> <!-- <sidebar> -->
<title>Accounting Terminology</title>
<para>Accountants use the terms <emphasis>debit</emphasis> and
@@ -473,7 +473,7 @@
<guimenuitem>Preferences</guimenuitem> <guibutton>General</guibutton>
(see <xref linkend="basics-prefs1"></xref> for more detail on setting
preferences).</para>
- </sidebar>
+ </note> <!-- </sidebar> -->
</sect2>
</sect1>
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