Re: (no subject)

Hi Eneko, The full accounting equation is Assets = Liabilities +Equity+(Income -Expenses) where Income and Expense accounts are temporary Equity accounts which record the changes in equity during the current accounting period (usually a financial year). You can rewrite this as Equity = Assets - L

Re:

If you take out a loan (a liability), the amount you borrow is now in your hands as an asset. So if you borrow €1000, you have increased your liabilities by €1000, and the amount you borrowed is perhaps in a bank account. The bank account is the asset and the loan is the liability. The entry f

Re:

On Wed, May 31, 2017 at 7:31 PM, Eneko Gotzon wrote: > In the Accounting Equation > > > section of the GnuCash Guide it is stated that: *you could have an increase > in assets if you have a parallel increase in liabiliti

Re: Profit and loss/Cash Flow reporting question

Couple of thoughts: A company cannot buy itself. If this is a sole proprietorship, the OP could take funds out to pay the note from an owner's draw account. The interest probably would not be deductible by the business, but instead by the buyer on his tax return. On the other hand, if it is

[no subject]

Hi all bytes & money masters :) In the Accounting Equation section of the GnuCash Guide it is stated that: *you could have an increase in assets if you have a parallel increase in liabilities*. I do not well understand tha

Re: Profit and loss/Cash Flow reporting question

On 5/31/2017 4:13 PM, Martijn Heuts wrote: Good afternoon and thank you for your answer.So I understand now that the cash flow report and P&L can be different and you explained why. I owe a business loan to the previous owner (owner financed). I made a payment to her and I was thinking this sho

Re: Profit and loss/Cash Flow reporting question

On Wed, May 31, 2017 at 4:13 PM Martijn Heuts wrote: > Good afternoon and thank you for your answer.So I understand now that the > cash flow report and P&L can be different and you explained why. > I owe a business loan to the previous owner (owner financed). I made a > payment to her and I was t

Re: Profit and loss/Cash Flow reporting question

Good afternoon and thank you for your answer.So I understand now that the cash flow report and P&L can be different and you explained why. I owe a business loan to the previous owner (owner financed). I made a payment to her and I was thinking this should be an expense? So right now it does show

Re: Locale issues on OSX

> It's a wrapper around GtkCalendar which uses strftime, which in turn uses > LC_TIME. The catch in your case is that it requires a locale defined in > /usr/share/locale, and en_CH isn't one of them, so GnuCash goes looking for > something that will work, starting with the country. It apparentl

Re: GnuCash mobile

On woensdag 31 mei 2017 00:59:55 CEST Andy Pastuszak wrote: > Are there any UI changes with switching to GTK3? > As John said already mentioned the theming in Gtk3 is completely different from Gtk2. So Gnucash will look differently in some ways. I didn't deliberately make gui changes. Where nec