In general, I’d say this is an accounting question - for a local, certified, qualified accountant, not for the list.
But, to the basic question of how to ID some transactions for reporting purposes, you have a few options. #1 - you can use the Notes field to put some sort of label, tag, or descriptive info to indicate what the expense is for. You’ll need to use View > Double Line to see it. (You could also put this in the description itself, but using a different field is ‘cleaner’) #2 - same, but rather put that label/tag/info in the Memo field of the relevant split. #3 - again, same, but use the Action field For reporting you have a couple of options: A - Run a Find on the field you placed the label/tag/info to get a resulting transaction list, then run an Account Report on that results tab B - If you used option #1 above, you can go straight to a Transaction Report and use the Filter option to give you only transactions matching the label/tag/info Regards, Adrien > On May 23, 2020 w21d144, at 9:28 AM, Tim Quinn <[email protected]> wrote: > > I realize some more information might be useful. > > Briefly (and oversimplified), both PPP and EIDL are US government programs > which provide money from the government to a small business. > > PPP funds are a loan, some or all of which can be forgiven (not need to be > paid back) and is expressly not taxable as income, according to the > interpretations of the law I have read. > > In my case, the EIDL funds are actually a grant, not a loan, and the tax > treatment is a little ambiguous currently. > > But I’m actually less concerned with the tax treatment currently than the > following... > > I want to be very explicit in my accounting to show what expenses we are > using the government funds for. That part I’m not quite sure the best way to > handle. Normally we write checks to pay expenses, so I debit the checking > account. The government funds are already in the business checking account, > so I am trying to choose the best way to identify that specific expenses — > paid out of the checking account — are linked to the PPP or EIDL money. > > I’d appreciate hearing from anyone who is actually dealing with these same > issues or has advice how to handle this. > > Thanks again. > > - Tim _______________________________________________ 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.
