The profits (or gain on sale) account is probably an Income account in the
standard chart of accounts hierarchy
On Wed, Sep 18, 2024, 6:04 PM David Warren wrote:
> Seems like you may want to read some basic accounting materials and
> afterward decide what it is you really want to use gnuc
Seems like you may want to read some basic accounting materials and
afterward decide what it is you really want to use gnucash to track over
time. Are you running a business selling music equipment? Or do you have a
hobby where from time to time you might upgrade or buy new equipment etc.?
Buying
hose accounting
> principles? Ask this list, perhaps we can help.
>
> Does that answer your question?
>
> Best regards,
> —Jim DeLaHunt
>
>
> > -Original Message-
> > From: Gyle McCollam
> > Sent: Tuesday, September 03, 2024 3:27 PM
Hi. EVERY Gnucash entry is DOUBLE ENTRY.
But you've answered your own question.
Debit Assets:Current Assets:Checking Account for $100
Credit the income account of your choice but Income:Gifts Received is
exactly what I would use too!
For Salary, Debit Checking Account, Credit Income:Salary Rece
I think they are arguing about some bespoke backup schema. It was trivially
easy for me, a reasonably new gnucash user, to move files to a new location
on 1 computer, and then when my machine was rebuilt for windows 11, to copy
files to a "new" computer too. The documentation for that is excellent.
I have been using gnucash for almost a year and have a fairly sophisticated
set of personal accounts, with lots of investment (asset) accounts.
Basically, I have settled on two types of investment (asset) accounts:
1. Ones where I want to adjust values regularly via adjusting the price
of a
Hi. I am a reasonably new (last 6 months) user of gnucash. I am using
version 5.3 on Windows 10. I am not getting online quotes but I own
various *private *securities, for which I manually enter prices, either in
the register as I make capital calls or receive distributions, or in the
Price Data
Thanks Kalpesh.
The art bucket makes sense to me.
I understand having individual paintings be individual assets (like
individual stocks)
But I don't quite know what you mean when you suggest setting up *artists* as
"securities". Would you mind explaining further? (If I have a brokerage
account wi
