Re: [GNC] Suggestions for personal use of GnuCash
Richard For personal use just select Common Accounts and deselect the Business Accounts when creating the account heirarchy. This is usually the default setup. For an existing heirarchy make sure there are no transactions to the A/R, A/P accounts ( transfer them to other accounts as appropriate) and delete them from the account heirarchy. There is no contacts database outside the customer/vendor lists in the business features and I don't think there are any plans to add one. You can use cut and paste within the description field or even simpler use Transaction->Transaction Duplicate to duplicate an existing transaction containing the description item you wish to use and then edit the date description accounts and amounts in the duplicated transaction as appropriate to create a new transaction using a common descriptor item as a tag. You could also maintain a list in another text file open in a text editor or spreadsheet (at least sortable) and cut and paste from it as required. David Cousens - David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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] Suggestions for personal use of GnuCash
Richard, Rich Shepherd's approach is aprt of the way to accounting for a loan made but one would not usually use the business features for doing this. When you borrow money the loan is setup as a liability account as you are obligated to pay it back. Where you make a loan it will be setup as an asset. You will need to create an appropriate loan account depending upon the term of the loan. If it is short term and to be repaid within an accounting year you would set it upunder current assets otherwise you can use a general asset account. E.g. Asset:Loan Normally when accounting for a loan you need to know what the principal originally was, what interest has accumulated on the loan, what repayments of the principal have been made and what the current outstanding value of the loan is. This can be achieved by creating a number of subaccounts to the above account as follows with the Asset:Loan account as a placeholder account only. Asset:Loan Asset:Loan:Principal Asset:Loan:Accumulated interest Asset:Loan:Repayments When you make the loan, you credit (withdraw from) an appropriate bank account and debit the Asset:Loan:Principal account by the same amount. When you add interest to the loan amount, you debit the Asset:Loan:Accumulated interest account and credit an appropriate Income:Interest account. When the creditor makes a payment to you, you credit the Asset:Loan:Repayments account and debit an appropriate bank account for the payment loan. The total displayed by the placeholder account will be the outstanding loan amount. If the transactions are regular you can use the scheduled transaction editor. Where values change , e.g. interest the amount of the scheduled transaction can be edited to the correct value. See https://www.gnucash.org/docs/v3/C/gnucash-help/setup-accounts.html for deatils of creating and editing accounts. David Cousens - David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ 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] Suggestions for personal use of GnuCash
On Tue, 5 Mar 2019, rro...@pdsconnect.me wrote: I ran dual last year with MMEX (using since 2013) and GnuCash for personal finances. Today I tried to set up loans/mortgages that I have lent, not borrowed, but could not select from assets. Richard, I am not an accountant but my off-hand idea is to your loans/mortgages as accounts receiveable assets. Set up A/R and as many sub-accounts as you need. Your accountant has the final say, of course. Also, personal use does not require vendors and customers as distinct entities. So, ignore them. For contacts use a Palm Pilot. To simplify the development of such a feature, consider a common contact list such as from gmail as most every user would have access to that file. Later releases could add other databases such as Apple's. Except not all of us use gmail, Apple products, or Microsoft's stuff. Why don't you set up your mortgagees and loan recipients as customers and put their information in that table? Be innovative and make GnuCash work for you rather than asking the devs to fulfill your specific needs. Rich ___ 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] Suggestions for personal use of GnuCash
I ran dual last year with MMEX (using since 2013) and GnuCash for personal finances. Today I tried to set up loans/mortgages that I have lent, not borrowed, but could not select from assets. Please consider those of us who are lenders and not borrowers. Also, personal use does not require vendors and customers as distinct entities. A simpler approach would be to tie to a contacts file. I use the "description" field inconsistencies can result from not using a source file when typing in a name in another account. To simplify the development of such a feature, consider a common contact list such as from gmail as most every user would have access to that file. Later releases could add other databases such as Apple's. Thank you very much. Richard E. Rowan ___ 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.
