How about this: > You have to know that first, then ask, "How do I accomplish this using GnuCash?"
Think of funds accounting as different colours of money. Every account and every category can include any colour of money. I need the gross figure for each account and category, the figure for each account and category broken out into the colours of money that it’s comprised of, and I need to report on the overall financial position and movements in any given period of each colour of money, detailing which accounts and categories it’s comprised of. How do I accomplish this using GnuCash? On Mon, 27 May 2024 at 05:22, Adrien Monteleone < [email protected]> wrote: > This is a perfect example of why this list is not the place for > accounting advice. > > We can't answer, "What should I do?" > > You have to know that first, then ask, "How do I accomplish this using > GnuCash?" > > In many cases, the answer is, "The same way you'd do so with Pen & > Paper." (sans the actual pen and paper of course) > > At best, folks here can offer generalizations. Exact implementation > absolutely *must* be done in consultation with local professionals > versed in the laws of your jurisdiction if your issue is anything but > mere personal musings, and in any case where you have any official duty > or legal obligation. > > Regards, > Adrien > > On 5/26/24 12:37 PM, Michael Hendry wrote: > > I was keen to keep track of restricted funds within GC in a way which > would make unspent restricted income persist as restricted funds beyond the > year end, and you suggested the use of a Liability account for this purpose, > > > > Unfortunately, the accountant who examines our accounts before > submission to OSCR (the Scottish Charities Regulator) advised that this > isn’t an acceptable way to handle restricted funds in the UK. > > > > The problem with using the income accounts (as below) for the various > types of Income, is that the money not spent (in our case on bursaries for > musicians who wouldn’t otherwise be able to attend our courses) doesn’t > persist in the that account after the year end the way a liability would. A > collection at the final-day concert which is advertised as being destined > for use as bursaries won’t be spent until the next year’s course. > > > > On the other hand, if income received for restricted donations is > accounted for in this way, and funds paid out as bursaries are also > accounted for in a separate expense account it should be easy enough to > keep a year-on-year tally of the remaining restricted funds. In practice, > we probably spend more than we receive on bursaries each year, but a church > roof might be a longer-term job. > > _______________________________________________ > 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.
