Hello, That why i think we need to use each book for each "Thing". 1 - Retained Earnings = Previous Retained Earnings + (Income - Expenses) 2 - Equity = Assets - Liability OR Assets = Equity + Liability
When you are using multiple "legal entity" for 1 book like i assume in my last comment. "We" usually transfer money from person to person by this way : From "Assets:Me" To "Assets:Others". Which mean in the Balance Sheet Report, Your Assets not equal to Equity + Liability When you only made it to show your Accounts Report (Which mean : "Assets:Me" - "Equity"Me" - "Expenses:Me" - "Income:Me" - "Liability:Me"). I had read some topics from GnuCash. In fact, When you Transfer your money from "Current Assets" to other your assets (IN ASSETS TOP LEVEL ACCOUNT). Which mean your money are still your Assets. (More details: GnuCash Documents : Loan to a friend). So, to resolve it, you need to transfer that money to "Expenses:Give to other", and make a revenua transaction for that person. And that things told us (gnucash's users) that (Of course, included GnuCash Wiki - Documents) we (gnucash's users) only use 1 book for 1 legal entity (Person - Thing - Business ...). Because we are doing the same things, We just included the other book into one book and made it more complex. Right ? Thank you for sharing your experience. Please Tell me if i'm keep going wrong. Regards. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
