Re: [GNC] Balance sheet report period
On Wed, 3 Jul 2019, Christopher Lam wrote: Or, you could download 3.6 and test the new experimental multi date balance sheets :-) Christopher, My accountant has been happy with the information I've provided. My question was my own, not hers. I missed the announcement for 3.6. Just built and installed it in Slackware-3.6. Regards, 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.
Re: [GNC] Balance sheet report period
On 7/3/2019 9:44 AM, Christopher Lam wrote: Or, you could download 3.6 and test the new experimental multi date balance sheets :-) THAT, however, has nothing to do with this question. The "multi date balance sheet" report ISN'T a balance sheet with multiple dates but a report that shows multiple balance sheets each for some different date. It is STANDARD for certain financial reports to show two balance sheet reports in parallel. For example, a balance sheet at the start of an interval (end of previous period) and at the end plus the Income statement (aka P aka Revenue statement) for the interval. Following advice of the accountants, I put this together OUTSIDE of gnucash using raw reports exported from gnucash. I suppose lots of folks here would have preferred I had coded this << a retired software professional, I could have >> but the accountants were right, I am ALWAYS having to do some editing. 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] Balance sheet report period
Or, you could download 3.6 and test the new experimental multi date balance sheets :-) On Wed., 3 Jul. 2019, 21:37 Rich Shepard, wrote: > On Wed, 3 Jul 2019, benny.webs...@gmail.com wrote: > > > The balance sheet is a snapshot in time. It reflects the asset, liability > > and equity account balances as of the date you choose. Compare two or > more > > balance sheets to see how those balances change over time (eg. month-end > > to month-end or year-end to year-end). Income and cash flow statements > > cover a period of time and should reflect the changes in the balance > sheet > > accounts. > > Benny, > > That makes sense. Since I'm not an accountant I did not recognize that it's > a snapshot and thought it represented an unspecified time range up to the > current (or otherwise selected) date. > > Thanks for clarifying, > > 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. > ___ 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] Balance sheet report period
On Wed, 3 Jul 2019, benny.webs...@gmail.com wrote: The balance sheet is a snapshot in time. It reflects the asset, liability and equity account balances as of the date you choose. Compare two or more balance sheets to see how those balances change over time (eg. month-end to month-end or year-end to year-end). Income and cash flow statements cover a period of time and should reflect the changes in the balance sheet accounts. Benny, That makes sense. Since I'm not an accountant I did not recognize that it's a snapshot and thought it represented an unspecified time range up to the current (or otherwise selected) date. Thanks for clarifying, 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.
Re: [GNC] Balance sheet report period
On 7/2/2019 4:20 PM, Rich Shepard wrote: Looking in the Guide the only reference I see to 'balance sheet report' is a brief description. When I prepare the report the only date option I see is the ending date. Is the start date that of the first entry in GnuCash? Can I produce a balancve sheet account for only the year-to-date and exclude previous years? Or does that violate accounting practices? Rich The Balance Sheet is a "snapshot" of the books as of a specific date, not an interval. There is neither a start date nor an end date; just an "as of" date. It includes explicitly all of the standing account balances (account types asset, liability, and equity). The accounts types income and expense are not shown because they are actually temporary accounts of fundamental type equity. Their NET will appear as the unrealized gain or loss in the Balance Sheet. 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] Balance sheet report period
On Wed, 3 Jul 2019, D wrote: Although it might not be fully clear, the Guide states that the Balance Sheet report "provides totals as of a given date." David, This is fully clear. I wanted to confirm that it meant the results include everything for the past three years (since I switched back to GnuCash at the beginning of 2017). If that's how accounting works, so be it. I pay my accountant to do the right things with the numbers I provide from GunCash. Thanks, 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.
Re: [GNC] Balance sheet report period
Rich, Although it might not be fully clear, the Guide states that the Balance Sheet report "provides totals as of a given date." Therefore, there is no starting date; it covers everything up to the date you provide. That is how it is designed and how it is meant to be. Best, David On July 3, 2019, at 1:54 AM, Rich Shepard wrote: Looking in the Guide the only reference I see to 'balance sheet report' is a brief description. When I prepare the report the only date option I see is the ending date. Is the start date that of the first entry in GnuCash? Can I produce a balancve sheet account for only the year-to-date and exclude previous years? Or does that violate accounting practices? 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. ___ 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.
