On 2022-04-23 02:46, km22 wrote:
…I am starting a new Gnucash file for a simple "mock" trust. The trust holds physical assets (like stamps and coins and other collectibles). I want to represent the contributions to this trust in the form of these assets. However, when I try to create new Equity accounts for the contributions it only allows me to use "Currency" type assets.…
Your Gnucash usage question leads me to an accounting question. And I am not an accountant, so my ignorance is likely vast. However…
Why should the accounts which track the physical assets be Equity accounts? Why not make them Asset accounts?
And then, David Cousens points out that what you need to track physical assets is an inventory application, and GnuCash is not an inventory application. How does that inform your use of GnuCash?
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