On Tue, 2023-07-11 at 16:00 -0700, Dean Gibson wrote: > There is no work-around because you do not understand the *BASICS *of > accounting. I would suggest a good book (there are many). > > On 2023-07-11 15:48, Default User wrote: > > Hi! > > > > Is there a way to have Gnucash 4.13 (Debian GNU/Linux 12 Bookworm) > > automatically calculate, and update "Equity" in the main accounts > > tab, > > to show the "real" value of total Equity, after any action (or at > > least > > transaction) that would affect "real" equity? > > > > Example: > > Start with the GnuCash "Common Accounts", as in gcashdata_1.gnucash > > from the Tutorial and Concepts Guide, with all accounts set to > > $0.00. > > > > Now make a transaction so that Equity:Opening Balances starts with > > $10.00, and Assets:Current Assets:Cash in Wallet starts with > > $10.00. > > At this point, Equity = $10.00. All good so far. > > > > But now, enter a transaction such as Expenses:Auto:Fuel (increase > > by > > $5.00), paid by transfer from Assets:Cash in Wallet (decrease by > > $5.00). > > > > So now: > > Assets = $5.00 > > Liabilities = $0.00 > > Equity = $10.00 > > > > So . . . if Assets - Liabilities = Equity, then > > $5.00 - $0.00 = $10.00? > > > > Thus, Equity does not seem to include the $5.00 Expense > > transaction. > > [Note: of course, the Balance Sheet in Reports does correctly show > > Equity as $5.00.] > > > > I assume that GnuCash has always been this way, from the beginning, > > and > > is not likely to change now! > > > > But is there a viable "workaround"? I am pretty sure I understand > > what > > is going on, and maybe why it was done that way (so that the > > account > > ledger tabs show legitimate transactions" only?) > > > > But it does bother my sense of "correctness". > > > > [Note: I did see somewhere online a link to a web page that may > > have at > > one time shown the desired solution, but the web page has since > > been > > 404'd.] > > > > : ( > > > > > > > > > > _______________________________________________ > > gnucash-user mailing list > > [email protected] > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ > gnucash-user mailing list > [email protected] > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All.
Ouch! Sorry . . . : ) _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
