Re: bank entries
Christine, If you receive income you might deposit it into the bank. If you spend money for groceries, you use cash. If you withdraw money from the bank you transfer from bank to cash. That is what double entry is about. David C, On Sun, Nov 26, 2017 at 6:33 PM, Christine via gnucash-user < gnucash-user@gnucash.org> wrote: > Hi Dave > My accounts are Cash, Bank, Income, various expenses, and 2 people who I > pay > money too and who pay to the bank. > IF I balance one of the accounts another goes wrong. All I want to do is > add > my bank and my cash and let gnucash do the rest (ie an income and > expenditure report) but it is not working. Reading the literature I just > get > confused as I am used to DR and CR. > Thanks anyway maybe I should look for an easier program if anyone knows of > one > > Christine > > > -Original Message- > From: gnucash-user > [mailto:gnucash-user-bounces+cmaloney4=talktalk@gnucash.org] On Behalf > Of DaveC49 > Sent: 27 November 2017 02:20 > To: gnucash-user@gnucash.org > Subject: Re: bank entries > > Christine, > > Gnucash is a double entry accounting system. What this means is that any > transaction affects at least two accounts. For example when you purchase > something your bank account is credited by the amount of the purchase any > purchase is also an expense so an expense account has to be debited by the > amount of the purchase in the second component of the transaction. These > two > components of the one transactions are referred to in Gnucash as "splits". > The same methodology is applied to any other sort of transaction, it will > always consist of at least two components ( and sometimes more) affecting > at > least two accounts. In any single transaction the sum of the debit and the > sum of the credit components of the splits of that transaction must be > equal > > The Gnucash Tutorial and Concepts guide > (https://www.gnucash.org/docs/v2.6/C/gnucash-guide/) along with the > Wikipedia articles on double entry bookkeeping > (https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system will give > you > some background information. Gnucash follows what is called the Accounting > Equation or American approach in this article. The article on the > Accounting > equation (https://en.wikipedia.org/wiki/Accounting_equation) also provides > some useful background. > > That said, it is possible when you are entering a transaction and create > the > deposit split to your bank account (this will be a debit to that account if > you use the accounting terms) what you are seeing is the other > component/split of the transaction being automatically created. If you have > not yet created appropriate income accounts, it may be assigning your bank > account as the default account for this second split which will be a > credit. If you click in the account field in the second split, you should > be > able to select a different account from your chart of accounts. > > For a deposit to your bank account, the account for the second split would > normally be an income account for money coming from an external source or > another asset account if you are transferring money between accounts ofr > example. > > > David > > > > - > David Cousens > -- > Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > 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. > > > --- > This email has been checked for viruses by Avast antivirus software. > https://www.avast.com/antivirus > > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > 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 gnucash-user@gnucash.org 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.
RE: bank entries
Hi Dave My accounts are Cash, Bank, Income, various expenses, and 2 people who I pay money too and who pay to the bank. IF I balance one of the accounts another goes wrong. All I want to do is add my bank and my cash and let gnucash do the rest (ie an income and expenditure report) but it is not working. Reading the literature I just get confused as I am used to DR and CR. Thanks anyway maybe I should look for an easier program if anyone knows of one Christine -Original Message- From: gnucash-user [mailto:gnucash-user-bounces+cmaloney4=talktalk@gnucash.org] On Behalf Of DaveC49 Sent: 27 November 2017 02:20 To: gnucash-user@gnucash.org Subject: Re: bank entries Christine, Gnucash is a double entry accounting system. What this means is that any transaction affects at least two accounts. For example when you purchase something your bank account is credited by the amount of the purchase any purchase is also an expense so an expense account has to be debited by the amount of the purchase in the second component of the transaction. These two components of the one transactions are referred to in Gnucash as "splits". The same methodology is applied to any other sort of transaction, it will always consist of at least two components ( and sometimes more) affecting at least two accounts. In any single transaction the sum of the debit and the sum of the credit components of the splits of that transaction must be equal The Gnucash Tutorial and Concepts guide (https://www.gnucash.org/docs/v2.6/C/gnucash-guide/) along with the Wikipedia articles on double entry bookkeeping (https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system will give you some background information. Gnucash follows what is called the Accounting Equation or American approach in this article. The article on the Accounting equation (https://en.wikipedia.org/wiki/Accounting_equation) also provides some useful background. That said, it is possible when you are entering a transaction and create the deposit split to your bank account (this will be a debit to that account if you use the accounting terms) what you are seeing is the other component/split of the transaction being automatically created. If you have not yet created appropriate income accounts, it may be assigning your bank account as the default account for this second split which will be a credit. If you click in the account field in the second split, you should be able to select a different account from your chart of accounts. For a deposit to your bank account, the account for the second split would normally be an income account for money coming from an external source or another asset account if you are transferring money between accounts ofr example. David - David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list gnucash-user@gnucash.org 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. --- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
Re: bank entries
Christine, Gnucash is a double entry accounting system. What this means is that any transaction affects at least two accounts. For example when you purchase something your bank account is credited by the amount of the purchase any purchase is also an expense so an expense account has to be debited by the amount of the purchase in the second component of the transaction. These two components of the one transactions are referred to in Gnucash as "splits". The same methodology is applied to any other sort of transaction, it will always consist of at least two components ( and sometimes more) affecting at least two accounts. In any single transaction the sum of the debit and the sum of the credit components of the splits of that transaction must be equal The Gnucash Tutorial and Concepts guide (https://www.gnucash.org/docs/v2.6/C/gnucash-guide/) along with the Wikipedia articles on double entry bookkeeping (https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system will give you some background information. Gnucash follows what is called the Accounting Equation or American approach in this article. The article on the Accounting equation (https://en.wikipedia.org/wiki/Accounting_equation) also provides some useful background. That said, it is possible when you are entering a transaction and create the deposit split to your bank account (this will be a debit to that account if you use the accounting terms) what you are seeing is the other component/split of the transaction being automatically created. If you have not yet created appropriate income accounts, it may be assigning your bank account as the default account for this second split which will be a credit. If you click in the account field in the second split, you should be able to select a different account from your chart of accounts. For a deposit to your bank account, the account for the second split would normally be an income account for money coming from an external source or another asset account if you are transferring money between accounts ofr example. David - David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list gnucash-user@gnucash.org 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.
RE: bank entries
Christine -- without seeing the entry it is difficult to determine why is it doing what you say it is. As a matter of principle, you must remember that there must be a corresponding "other-side" to your deposit entry. While this may seem counter-intuitive, your deposit to your bank account needs to have a corresponding (and opposite) entry to another account. The way I have mine is I have my bank account (account type BANK) and another account called Income-deposits (account type INCOME). When I make a deposit to my bank account the "transfer account" (or other side of the entry) is to the income account.You will notice that the deposit to a BANK type account will be on the "left side" (thus increasing the balance of the bank account) and the entry will be on the "right side" of the income-deposits account which will be income and thus increase the value of this account. So it is very much dependent upon how you have setup your accounts. Hope that makes sense. -Original Message- From: gnucash-user [mailto:gnucash-user-bounces+pyz01=cox@gnucash.org] On Behalf Of Christine via gnucash-user Sent: Sunday, November 26, 2017 1:52 PM To: gnucash-user@gnucash.org Subject: Re: bank entries Whenever I post a deposit to the bank, it makes a withdrawal of the same amount and I cannot get it to just take the entry, can anyone help pls Christine --- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus ___ gnucash-user mailing list gnucash-user@gnucash.org 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 gnucash-user@gnucash.org 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.
Re: bank entries
Have you read the tutorial and concepts guide? [1] It sounds like you are making a basic mistake in how you are entering it. Colin [1] http://www.gnucash.org/docs/v2.6/C/gnucash-guide/ On 26 November 2017 at 21:52, Christine via gnucash-user wrote: > Whenever I post a deposit to the bank, it makes a withdrawal of the same > amount and I cannot get it to just take the entry, can anyone help pls > > Christine > > > > --- > This email has been checked for viruses by Avast antivirus software. > https://www.avast.com/antivirus > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > 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 gnucash-user@gnucash.org 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.
Re: bank entries
Whenever I post a deposit to the bank, it makes a withdrawal of the same amount and I cannot get it to just take the entry, can anyone help pls Christine --- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus ___ gnucash-user mailing list gnucash-user@gnucash.org 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 2.7.2 released
The Gnucash Development Team is pleased to release Gnucash 2.7.2, the third release of an unstable series leading to Gnucash 2.8.0. This release is UNSTABLE and SHOULD NOT BE USED in production. This release changes file locations, binding APIs, report options, and can make your data file no longer compatible with previous versions. See the Update Notes Page for details. See the KNOWN PROBLEMS list at the bottom of the announcement. Bugs fixed in this release • Bug 734865 - Assign as Payment... can silently 'unpay' a payed invoice • if the selected transaction is already linked to an existing payment, the payment dialog will present this payment again (same partner, post-to account, same selected document(s), same amount, memo, and transfer account). • if the selected transaction is not linked to an existing business transaction the logic will make a best guess as to whether the payment should be for a customer or vendor. • in both situations if the existing transaction has multiple splits that can be considered as transfer (or 'payment') splits the payment dialog can't work with it (it can only deal with one transfer split). In this case the user will be informed that only one valid transfer split will be retained and the others ignored. • the other thing the payment dialog can't handle are APAR type splits that are not associated to a lot at all. In case of transactions not part of a business transaction they will be silently ignored on the assumptions these were manually entered transactions with the intention to be linked to business transactions. On the other hand if such a split is part of a transaction that is also linked to a business payment already, a warning will be issued these splits will be removed from the new payment. • Bug 778692 - Assign as payment should work for employee expense vouchers • if gnucash can deduce a partner from the transaction that partner will be proposed this works for all transactions that are part of a business transaction already and will correctly detect pre-existing customer, vendor and employee payments • if no partner can be deduced gnucash will assume the transaction to be a vendor or customer payment based on the sign • in all cases the user can change the partner type in the payment window that's presented to any of customer, vendor or employee to correct gnucash' suggestion. • Bug 784623 - GNUCash does not work with sql backend. Wherin the problem is that MySQL's TIMESTAMP has a date range of 1970-01-01 00:00:01 to 2038-01-19 03:14:07 and is unable to handle time_t of 0. MySQL's TIMESTAMP also assumes that input is in the server's timezone and adjusts it to UTC. GnuCash has already done that conversion. • Bug 789608 - Compilation problems when linking libraries. • Bug 789928 - FTBFS with libdbi 0.9.0-5 on Debian. • Bug 790550 - FTBFS: missing __init__.py Some other fixes not associated with reported bugs: • SQL parameter quoting is corrected in the backend so that only string parameters are quoted. This caused trouble when trying to store SQL NULL; the string 'NULL' is different from the value NULL. • SQL table versions weren't set consistently and a bogus version test could cause some tables to be not loaded. • Better, more targeted handling of MySQL's penchant for setting date-time fields to "-00-00 00:00:00" if it doesn't like the input. This should be much less common thanks to fixing Bug 784623. • Major repairs to the "Dense Calendar" date selector. • Fix colors on graph reports so that the selections work and the defaults are no longer transparent. • Two large batches of styling fixes for Gtk3 from Bob Fewell. • Fix the guile-compiled path in the environment file so that GnuCash can start on Windows. • Convert the graphical reports to use GnuCash's rational numbers instead of doubles for better accuracy. KNOWN PROBLEMS: • On Microsoft Windows starting the AQBanking Setup Wizard crashes GnuCash. • test-import-bayes built with autotools intermittently fails at line 381, where the returned value is 1 instead of the expected 6. Getting GnuCash for Windows and MacOS X GnuCash is provided for both Microsoft Windows XP® and later and MacOS X 10.9 (Mavericks)® and later in pre-built, all-in-one packages. An installer is provided for Microsoft Windows® while the MacOS X® package is a disk image containing a drag-and-drop application bundle. SourceForge: • Download GnuCash for Win32 • Download GnuCash for Mac-Intel Github • Download GnuCash for Win32 • Download GnuCash for Mac-Intel Getting GnuCash as source code If you want to compile GnuCash 2.7.2 for yourself, the source code can be downloaded from: • Sourceforge: bzip2 tarbal