Message: 7
Date: Fri, 27 Aug 2021 22:39:23 +1000
From: flywire <flywi...@gmail.com>
To: Gnucash Users <gnucash-user@gnucash.org>
Subject: Re: [GNC] Financial Account Structure for Australian Shares
and ETFs
Message-ID:
<caothwl0voy0s3j29zodkxczbujh9vwbpcow5vuzajaqptld...@mail.gmail.com>
Content-Type: text/plain; charset="utf-8"
Thanks Chris, that helps me understand it a bit more but a little
differently. I see Franking Credits as Income. Maybe someone with a formal
accountancy background has an opinion.
So, Income account has Franked, Unfranked (from Bank) and Franking Credit
(from Asset). I'm not sure how taxes should be accounted for but I have an
Expense:Tax:Personal account and normally get a refund which I put through
as a credit. I can see that should clear the [Asset] Franking Credit
account.
Let's see if the screenshot below comes through with a dividend for 100 MQG
shares:
[image: image.png]
btw, Google search isn't returning anything for Franking over the last
year:
https://www.google.ca/search?q=site:lists.gnucash.org/pipermail/gnucash-user
+franking&source=lnt&tbs=qdr:y&bih=1003
>
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Hi Flywire,
I think you're probably right that Franking Credits should be income, but
for my personal accounts, it doesn't matter.
I also tried searching for Franking Credits (including
site:lists.gnucash.org in the search string as recommended) but doesn't seem
to work. Strange...
Regards, Chris Good
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