Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
I am just making this late post only to say thanks for all the input and inform that my silence indicates my brow furrowed attempts at understanding and implementing. I hope no one thinks I am rudely and ungratefully ignoring their help. :) On Saturday, 5 March 2022, 06:51:20 pm ACDT, flywire wrote: Excellent question Arthur. This isn't a budget issue and you have no idea if tenants are in front or behind unless you compare it to payments due. Adrien seems to have presented the GnuCash features the best using a scheduled A/R. I've used a different approach with quickbooks for this purpose because it has classes allowing one set of accounts to be tagged to different tenants but it should be equivalent with GnuCash. Accounts include: Income/rent, bond (contra), Expense/water (partially reimbursable), various misc income and expenditure relating to tenants. It's easy to miss seldom used accounts. My concern is A/R is a lot of work just to get tenant statements if it's not used elsewhere. It is similar to the issue raised last month regarding tracking vehicles except for the regular rent due: https://lists.gnucash.org/pipermail/gnucash-user/2022-February/099785.html As described GnuCash has filtering on tags (eg report a single tenant) but no grouping (eg reports for every tenant and everything else). This is important to ensure all transactions are accounted for with tags. Alternative Process:1. Upload bank transactions to GnuCash2. In GnuCash terms, run a transaction report sorted by say date and split notes (assuming it contains a tag) with payments3. Open report in a spreadsheet with sheets for each tenant having: Date, Due, Payments, Balance Owing4. Append date and payments to each tenants sheet5. Append date and amount due for each period6. Sort by date and payments then copy balance owing formula down for running total7. Check header and footer then print rental statement The spreadsheet ends up as a template that is updated. It's a simple process but it's manual so it carries a risk of mistakes. While GnuCash doesn't support grouping in reports the advantage of open source is the whole thing could easily be automated under piecash to generate reports. A dozen transactions would make a handy demo dataset. ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
https://wiki.gnucash.org/wiki/FAQ#Q:_How_can_I_print_a_Rental_Statement_for_my_Tenant.3F A start. > ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
On 3/7/22 5:06 AM, flywire wrote: An invoice must be prepared for every rent due transaction and the payment processed. The 'preparing' is only the first time. After that, you just hit 'Duplicate' and enter the new posting date. 'Processing Payment' is how you apply a specific payment to a specific invoice. It is also very little work. If importing actual payments from the bank, then one need 'Assign as Payment' after import. The process is otherwise the same. That's an incredible amount of manual processing for a simple schedule when, for example, dates must be entered for invoices without seeing a list of current invoices I'm not sure what you mean by 'must be entered without seeing a current list'. If you are charging next months/weeks rent, you know the due date. You don't need a list of previous due dates. But if you want one, that exists too. It is called 'Bills Due Reminder' and there is one for AR and one for AP. And you can keep that window open so you can always see at a glance which rental invoices haven't been paid. and payment amounts without seeing the deposit in the bank account. If they haven't been received they shouldn't be entered. That's the same with cash or accrual. But once received, you have the money, so either manually enter a payment, or 'Process Payment' depending on method. Especially so when tenant deposit dates and amounts don't match invoices. The Process Payment/Assign Payment window shows you which rental invoices haven't been paid. You get to choose which one to apply it to. And precisely because they won't match, the Business Features help you keep track of which applies to which. The Customer Report can even show you a column with that detail so you and the tenant can see which rent periods were paid and on what dates with which payments. Every manual process is a risk and eventually, an error occurs. For me, GnuCash would work well for your rental accounting but the process is too complex involving too much risk just using the features of GnuCash to produce a rental statement. In time I'd be interested to know what you settle on. I'd be interested to. And please don't mistake my above comments. I'm not trying to stump for a particular method. I just want to clear up what I see are misconceptions about the workload involved or how the features work that I've observed and experienced while using them. I do agree with your observation, the Guide could maybe use some attention in this matter. Better still, the Wiki is a great place for such 'use case' tutorials. I have some other Wiki stuff on the back burner, but once I get that out of the way, I might see about adding a page for this type of situation with screenshots. (if someone doesn't beat me to it) Regards, Adrien ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
Arthur, Your original message was clarified to be about automatically posting weekly rent so a rental statement can be produced with the balance of the account at that date. This is a very simple schedule of regular dates and amounts but GnuCash can't do it without manual workarounds. (Interestingly it calculates much more complicated loan repayments.) In a recent message, you replied "use the business features might be the way to go" with Accounts Receivable. Do you understand the comment Michael made about Accounts Receivable only working when accrual accounting is used? In cash accounting income is recorded when payment is made but once an invoice is posted under accrual accounting it is recorded as income. If accrual accounting is used there is no way to know with say a normal profit and loss report if the income has been received (see attached TransactionReport.txt). This is a problem if you use cash accounting for a personal tax return. I don't think weekly rental statements are realistic so I've used 4 weekly with the Business Account template, and the attached reports are for the following test scenario: * Tenant T Smith commenced 01 Mar 2020 with a lease at $250 pw payable every 4 weeks. * Tenant deposits into bank account: 06 Mar 2020 $750, 28 Apr 2020 $2000 * Reports are run 15 May 2020 * Just a mention that some users might have both Expense:Rent and Income:Rent accounts which is a bad idea because eventually, they are likely to inadvertently use the wrong account I've never used GnuCash Business Finances so this was a good opportunity for a first impression. GnuCash has a good tutorial for Personal Finances but there's no equivalent for Business Finance. An invoice must be prepared for every rent due transaction and the payment processed. That's an incredible amount of manual processing for a simple schedule when, for example, dates must be entered for invoices without seeing a list of current invoices, and payment amounts without seeing the deposit in the bank account. Especially so when tenant deposit dates and amounts don't match invoices. Every manual process is a risk and eventually, an error occurs. For me, GnuCash would work well for your rental accounting but the process is too complex involving too much risk just using the features of GnuCash to produce a rental statement. In time I'd be interested to know what you settle on. > Customer Report 15/05/2020 T Smith Date Range: Date Due Date ReferenceTypeDescriptionDebitsCredits Balance 01/03/2020 01/03/2020 01 Invoice$1,000.00 $1,000.00 06/03/2020 Payment $750.00 $250.00 29/03/2020 29/03/2020 02 Invoice$1,000.00 $1,250.00 26/04/2020 26/04/2020 03 Invoice$1,000.00 $2,250.00 28/04/2020 Payment $2,000.00 $250.00 Period Total$3,000.00 $2,750.00 $250.00 Total Due $250.00 Pre-Payment Current 0-30 days 31-60 days 61-90 days 91+ days Total $0.00$250.00 $0.00 $0.00 $0.00 $0.00$250.00Transaction Report From 01/01/2020 to 15/05/2020 DateNum Description Transfer from/to Debit Credit Assets:Accounts Receivable 01/03/2020 1 T Smith Income:Rent$1,000.00 06/03/2020 T Smith Assets:Current Assets:Checking Account $750.00 29/03/2020 2 T Smith Income:Rent$1,000.00 26/04/2020 3 T Smith Income:Rent$1,000.00 28/04/2020 T Smith Assets:Current Assets:Checking Account $2,000.00 Total For Accounts Receivable $250.00 Assets:Current Assets:Checking Account 06/03/2020 T Smith Assets:Accounts Receivable $750.00 28/04/2020 T Smith Assets:Accounts Receivable $2,000.00 Total For Checking Account $2,750.00 Income:Rent 01/03/2020 1 T Smith Assets:Accounts Receivable $1,000.00 29/03/2020 2 T Smith Assets:Accounts Receivable $1,000.00 26/04/2020 3 T Smith Assets:Accounts Receivable $1,000.00 Total For Rent $3,000.00 Grand Total $0.00___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
And on that note, I highly stress to anyone getting started (or even old hands) to not try to artificially combine receipts for convenience. You could if you wanted to, but I guarantee, you'll want to 'refactor' some of those line items one day, or wish you could. Just enter receipts as multi-split transactions, line by line, with detailed info in the Memo fields. That way, if you ever want to move something to a different account in the future, it is possible. The added bonus is you don't have to do math. GnuCash adds up the receipt for you. If you combine fish with tires today, because you bought them on the same visit to Costco, you won't be able to split them up into Groceries & Auto 6 months from now. If you insist on not doing separate line items, recording at least a small description for each and their respective amounts in the memo will help, but this gets cumbersome any but the simplest of purchases. While this may sound nuts to some, you'd be surprised how 'auto-fill' on a new transaction to any particular store, magically needs little editing from visit to visit. It isn't like you're doing lots of data entry after a month or so of receipts. And when you realize tracking Auto vs. Groceries is more important than where you bought them, you'll thank me later... Regards, Adrien On 3/5/22 3:13 AM, Liz wrote: If you are not sure about the expenses, make lots of expense subaccounts to keep them in general categories, and rationalise them when you have had a chat with your accountant. In GnuCash its easy to join subaccounts and tedious to split them. ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
On 3/5/22 2:20 AM, flywire wrote: My concern is A/R is a lot of work just to get tenant statements if it's not used elsewhere. It is similar to the issue raised last month regarding tracking vehicles except for the regular rent due: https://lists.gnucash.org/pipermail/gnucash-user/2022-February/099785.html As described GnuCash has filtering on tags (eg report a single tenant) but no grouping (eg reports for every tenant and everything else). This is important to ensure all transactions are accounted for with tags. As long as you aren't trying to track multiple 'properties' and generate separate P for each from a single book, there is little work involved. (the 'GnuCash' way here would be to use separate books for each property, then have a consolidated book for the few remaining entries, otherwise, yes, a tag system or other means would have to be employed) I use the Business Features for AR with 3 clients, and AP with 7 vendors that issue recurring bills. (3 of which are monthly, 1 semi-annual, 3 annual) One could certainly handle many more, but high-volume auto-recurrence isn't yet built in without a bit of creative thinking. (that's another bug & thread concerning Scheduled Invoices) However, there's nothing 'elsewhere' you need to do things for AR to work. Assuming you've got your accounts created: 1. Set up Customer (Tenant) 2. Create and post Invoice for 'rent' 3. Send 'Customer Report' statement of account 4. Process Payment, applying it to the invoice 5. repeat steps 2-4 as needed (#3 can be done at any time) Alternative Process: 1. Upload bank transactions to GnuCash 2. In GnuCash terms, run a transaction report sorted by say date and split notes (assuming it contains a tag) with payments 3. Open report in a spreadsheet with sheets for each tenant having: Date, Due, Payments, Balance Owing 4. Append date and payments to each tenants sheet 5. Append date and amount due for each period 6. Sort by date and payments then copy balance owing formula down for running total 7. Check header and footer then print rental statement The spreadsheet ends up as a template that is updated. It's a simple process but it's manual so it carries a risk of mistakes. While GnuCash doesn't support grouping in reports the advantage of open source is the whole thing could easily be automated under piecash to generate reports. If the P/Income Statement had the filter options of the Transaction Report, life would be much easier. Then you could just filter for your tag, and get a custom statement for just those transactions. I filed an enhancement request specifically for this: https://bugs.gnucash.org/show_bug.cgi?id=798469 There is also the more generic RFE here: https://bugs.gnucash.org/show_bug.cgi?id=113772 I'm not sure how difficult sorting (grouping) a Transaction Report by a tags would be, since tags aren't officially implemented, and can appear in a number of fields. Otherwise, I'd file an RFE on that too, which would likely satisfy many uses cases. Regards, Adrien ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
On Fri, 4 Mar 2022 19:26:04 -0500 Glenn Fowler wrote: > Hi, > > I use GnuCash for rental properties as well. Setup your accounts under > expenses for repairs, insurance, utilities, etc. In my case, I setup a > recurring transaction for rental income. Then, you only need to make > changes as needed instead of doing it manually every month. You need to have some idea on the tax implications of your expenses. In AU, this is where we start to rival North American sales tax ;) So some expenses are recurring - like rates and insurance and are tax deductible Some expenses are general maintenance - the bills from the plumber and electrician for callouts and are tax deductible Some expenses are capital - when you decide to replace the kitchen because it is wear and tear and scruffy, but not if it is seriously damaged by floods (topical here), that would be maintenance or on the insurance. Some expenses can be sent back to the tenant to pay (here we charge water usage to the tenant, but not if you didn't fix the leaky taps or cistern) Whether interest charges on the mortgage you have over the property are expenses which are tax deductible or capital expenses depends on the flavour of government - it seems to oscillate slowly here. If you are not sure about the expenses, make lots of expense subaccounts to keep them in general categories, and rationalise them when you have had a chat with your accountant. In GnuCash its easy to join subaccounts and tedious to split them. Liz ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
[GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
Excellent question Arthur. This isn't a budget issue and you have no idea if tenants are in front or behind unless you compare it to payments due. Adrien seems to have presented the GnuCash features the best using a scheduled A/R. I've used a different approach with quickbooks for this purpose because it has classes allowing one set of accounts to be tagged to different tenants but it should be equivalent with GnuCash. Accounts include: Income/rent, bond (contra), Expense/water (partially reimbursable), various misc income and expenditure relating to tenants. It's easy to miss seldom used accounts. My concern is A/R is a lot of work just to get tenant statements if it's not used elsewhere. It is similar to the issue raised last month regarding tracking vehicles except for the regular rent due: https://lists.gnucash.org/pipermail/gnucash-user/2022-February/099785.html As described GnuCash has filtering on tags (eg report a single tenant) but no grouping (eg reports for every tenant and everything else). This is important to ensure all transactions are accounted for with tags. Alternative Process: 1. Upload bank transactions to GnuCash 2. In GnuCash terms, run a transaction report sorted by say date and split notes (assuming it contains a tag) with payments 3. Open report in a spreadsheet with sheets for each tenant having: Date, Due, Payments, Balance Owing 4. Append date and payments to each tenants sheet 5. Append date and amount due for each period 6. Sort by date and payments then copy balance owing formula down for running total 7. Check header and footer then print rental statement The spreadsheet ends up as a template that is updated. It's a simple process but it's manual so it carries a risk of mistakes. While GnuCash doesn't support grouping in reports the advantage of open source is the whole thing could easily be automated under piecash to generate reports. A dozen transactions would make a handy demo dataset. ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
Arthur, Yes. You can do this, but you'll need to decide based on your situation the best workflow. What you are describing is Accounts Receivable (AR). The Rent is due at a certain date and thus owing to you. Ideally, you want to 'book' the rent payment as due in the AR account as of that due date. Here is what that transaction would look like: dr. Accounts Receivable cr. Income/Revenue:Rent (not sure how you've named this account) The amount for each 'split' or each 'side' of the transaction should be equal. Money is thus 'flowing' from your Income/Revenue account, 'to' AR. (an asset account) When you receive payments, you would decrease AR and increase the respective asset account. (Cash/Bank, etc.) thus: dr. Cash/Bank cr. Accounts Receivable - Now, this is just a general overview. And in this simple case, you aren't separately tracking individual tenants. In order to do so, you have to make a choice as to how in GnuCash you are going to accomplish this. Each method has its benefits and drawbacks. 1. Manually for everything. 2. Using Scheduled Transactions (with careful attention to auto-firing and previewing/editing before they are posted) 3. Using the Business Features Which one you choose will more than likely be dictated by how many tenants (and properties) you have. If it is more than 5-10, maybe even more than just 5, I'd skip #1. #2 can be set up easily enough, but better to use this for a small # of tenants. Maybe less than 20. (and that may be too much) The reason here is that you'd need a separate sub-account of AR for each tenant, create the SX to apply to those subaccounts, and track payments somewhat manually. (though you can craft reports to help) #3 is probably the way to go, but you don't get 'automatic' postings. You *can* however, import 'invoices' for 'rent due' an a regular basis for all tenants at once. If you have just a handful of tenants, you can manually use the 'Duplicate' function to repeat previous 'rent invoices'. In this scenario, 'Tenants' are 'Customers'. Using the Business Features this way, will allow you to print 'Customer Reports' which are the same as 'Account Statements' *and* those reports can show which payments applied to which period's rent. Read over the Help & Tutorial documents concerning setting up your Customers and Invoices. If you run into any snags or have questions, chime back in and we'll try to speed you on your way. *IMPORTANT - avoid making manual or SX entried to the system-provided AR account. Leave that alone for the Business Features to deal with. If you need to make manual entries, create another account called AR-Other or similar and make it of 'type' Asset *NOT* of type A/Receivable. (there can be only one of the A/Receivable type accounts) Then if you are manually tracking tenants, create additional 'asset' type accounts as children of AR-Other. - As for over/pre-payments, when you Process Payment from a Customer, you get the option to apply it to an invoice, or not. If not, it is considered a pre-payment and can be applied later. (by using the same Process Payment window again, but this time, simply linking the existing pre-payment to the new invoice) If an over-payment, the remainder will be available to apply to a future invoice in the same way. Regards, Adrien On 3/4/22 5:44 PM, arthur brogard via gnucash-user wrote: No. Sorry. Didn't put the question right. I mean automatic post to the account showing what's owing so that I can see (and print out) at any time (on week by week steps) the balance of the account at that date. Because in fact they're frequently in the red. And frequently in front, ironically, because they never match payments up with owings. So when they come from behind they may finish up with balance of an amount like maybe $27.50 , not enough for a week's rent but nevertheless by law I must consider it rental money. I guess if we credit their account with the monies they pay in then I'd be talking about an automatic debit of the rent amount each week. Would that be right? Save me the trouble of entering it on the due date every week. Or am I going about it all wrong? ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
Hi, I use GnuCash for rental properties as well. Setup your accounts under expenses for repairs, insurance, utilities, etc. In my case, I setup a recurring transaction for rental income. Then, you only need to make changes as needed instead of doing it manually every month. On Fri, Mar 4, 2022 at 6:15 PM Michael or Penny Novack < stepbystepf...@comcast.net> wrote: > On 3/4/2022 4:46 PM, arthur brogard via gnucash-user wrote: > > We intend to start using gnucash to keep an account of our rental > property. > > This is our first for everything: having a rental, keeping accounts, > using gnucash. > > We can open an account for the property and enter all amounts received > as we get them. > > We can open another for other expenses such as water, I guess. > > Can we somehow set it up so that the rent due every week is posted to > that rent account automatically? > > What Derek said ,,, The "general ledger"is a record of transactions > that have happened. Gnucash also can produce "budget" reports and ":cash > flow" reports. > > Is this some sort of situation where there is close to certainty that > the rent WILL arrive as scheduled? That's the only situation where I > might be tempted to make that an automatic scheduled transaction << say > some agency is paying the rent on behalf of this tenant >> > > Michael D Novack > > > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > - > 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 To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
No. Sorry. Didn't put the question right. I mean automatic post to the account showing what's owing so that I can see (and print out) at any time (on week by week steps) the balance of the account at that date. Because in fact they're frequently in the red. And frequently in front, ironically, because they never match payments up with owings. So when they come from behind they may finish up with balance of an amount like maybe $27.50 , not enough for a week's rent but nevertheless by law I must consider it rental money. I guess if we credit their account with the monies they pay in then I'd be talking about an automatic debit of the rent amount each week. Would that be right? Save me the trouble of entering it on the due date every week. Or am I going about it all wrong? On Saturday, 5 March 2022, 08:28:56 am ACDT, Derek Atkins wrote: Hi, On Fri, March 4, 2022 4:46 pm, arthur brogard via gnucash-user wrote: > > We intend to start using gnucash to keep an account of our rental > property. > This is our first for everything: having a rental, keeping accounts, using > gnucash. > We can open an account for the property and enter all amounts received as > we get them. > We can open another for other expenses such as water, I guess. > Can we somehow set it up so that the rent due every week is posted to that > rent account automatically? Sure, you can set up a scheduled transaction to record it, but that of course assumes that the rent check DOES come every week... > :) > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. -derek -- Derek Atkins 617-623-3745 de...@ihtfp.com www.ihtfp.com Computer and Internet Security Consultant ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
On 3/4/2022 4:46 PM, arthur brogard via gnucash-user wrote: We intend to start using gnucash to keep an account of our rental property. This is our first for everything: having a rental, keeping accounts, using gnucash. We can open an account for the property and enter all amounts received as we get them. We can open another for other expenses such as water, I guess. Can we somehow set it up so that the rent due every week is posted to that rent account automatically? What Derek said ,,, The "general ledger"is a record of transactions that have happened. Gnucash also can produce "budget" reports and ":cash flow" reports. Is this some sort of situation where there is close to certainty that the rent WILL arrive as scheduled? That's the only situation where I might be tempted to make that an automatic scheduled transaction << say some agency is paying the rent on behalf of this tenant >> Michael D Novack ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
Hi, On Fri, March 4, 2022 4:46 pm, arthur brogard via gnucash-user wrote: > > We intend to start using gnucash to keep an account of our rental > property. > This is our first for everything: having a rental, keeping accounts, using > gnucash. > We can open an account for the property and enter all amounts received as > we get them. > We can open another for other expenses such as water, I guess. > Can we somehow set it up so that the rent due every week is posted to that > rent account automatically? Sure, you can set up a scheduled transaction to record it, but that of course assumes that the rent check DOES come every week... > :) > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. -derek -- Derek Atkins 617-623-3745 de...@ihtfp.com www.ihtfp.com Computer and Internet Security Consultant ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
[GNC] Keeping tenant accounts on Gnucash - periodic 'rent owing' ?
We intend to start using gnucash to keep an account of our rental property. This is our first for everything: having a rental, keeping accounts, using gnucash. We can open an account for the property and enter all amounts received as we get them. We can open another for other expenses such as water, I guess. Can we somehow set it up so that the rent due every week is posted to that rent account automatically? :) ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
