Thank you Robert. I was going through this as I was trying to understand and your explanation nails it: an income account is not a real account like my bank account indeed!
F. https://www.instagram.com/boniforti_music https://soundcloud.com/boniforti_music https://bonny-j.bandcamp.com Am Di., 3. Sept. 2024 um 22:20 Uhr schrieb Robert Heller < [email protected]>: > Certain types of accounts (like income) are handled "negatively": They > increase as money is "removed". That is money is moved from "income" > (gifts, > salary) to an "asset" (checking account). Both accounts show an increase > (positive) ammount. This might seem strange, but should make sense, once > you > think about it. Generally income accounts are not "real" accounts, the > way a checking account is. The actual "money" is in the checking account. > The > income acconts are accounting records of where the money in the checking > account came from. > > At Tue, 3 Sep 2024 21:54:58 +0200 Boniforti Flavio <[email protected]> > wrote: > > > > > Hi David and thanks for your reply. > > As I'm really a newbie, please excuse my struggle in getting "debit" and > > "credit" right with regards to the various accounts :-( > > > > So for a gift I received, let me see if I got it right: > > > > 100 as "deposit" on my checking account; > > 100 as "income" on my "gifts received". > > > > For salary: > > > > 5000 as "deposit" on my checking account; > > 5000 as "income" on my salary account. > > > > Thanks, > > F. > > > > https://www.instagram.com/boniforti_music > > https://soundcloud.com/boniforti_music > > https://bonny-j.bandcamp.com > > > > > > Am Di., 3. Sept. 2024 um 21:21 Uhr schrieb David Warren < > [email protected]>: > > > > > Hi. EVERY Gnucash entry is DOUBLE ENTRY. > > > > > > But you've answered your own question. > > > > > > Debit Assets:Current Assets:Checking Account for $100 > > > Credit the income account of your choice but Income:Gifts Received is > > > exactly what I would use too! > > > > > > For Salary, Debit Checking Account, Credit Income:Salary Received. > > > > > > On Tue, Sep 3, 2024 at 2:22 PM Boniforti Flavio < > [email protected]> > > > wrote: > > > > > >> Hi all. > > >> I've received 100 bucks from a relative as a gift, which he sent to > me via > > >> bank wire transfer. > > >> In my GnuCash accounts I do have one called "Income:Gifts Received" > and I > > >> also of course have the "Assets:Current Assets:Checking Account", > where > > >> the > > >> money from the gift finally landed. > > >> > > >> How should I proceed to register this gift I received? I don't see any > > >> reason to do a "double-entry", because the money is not coming from > one of > > >> my accounts - it's just getting INTO one of my accounts from > external... > > >> Same question for my salary, of course. > > >> > > >> Thanks for your help, > > >> F. > > >> > > >> https://www.instagram.com/boniforti_music > > >> https://soundcloud.com/boniforti_music > > >> https://bonny-j.bandcamp.com > > >> _______________________________________________ > > >> 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. > > > > > > -- > Robert Heller -- Cell: 413-658-7953 GV: 978-633-5364 > Deepwoods Software -- Custom Software Services > http://www.deepsoft.com/ -- Linux Administration Services > [email protected] -- Webhosting Services > > _______________________________________________ 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.
