In your example, you would not credit Equity ("my owner account") when
you pay a bill. Crediting an equity account increases its balance, and
you don't own anything more than you did before you paid the bill. Your
equity in the business is the net of assets minus liabilities, but it's
quite rar
On 1/3/2023 4:15 PM, Jamie Tolbert wrote:
Starting a new business. For the next month or so, what few bills I
have will be paid by me, until I get my business checking set up. Its
been years since I studied double entry accounting, but I thought if I
paid a bill for lets say 100.00, I would cre
I got it, thanksjust need to wrap my head around the software,
-- Original Message --
From "Adrien Monteleone"
To gnucash-u...@lists.gnucash.org
Date 1/3/2023 5:12:36 PM
Subject Re: [GNC] new user, new file
Strange.
Placeholder would stop you from editing
Strange.
Placeholder would stop you from editing or adding transactions in the
account, but it doesn't stop me from creating a sub-account.
Try creating Owner's Capital as a sub of the parent: Equity instead.
Also, what version of GnuCash and what OS?
Regards,
Adrien
On 1/3/23 4:07 PM, Jami
On 2023-01-03 13:15, Jamie Tolbert wrote:
> Starting a new business. For the next month or so, what few bills I have
> will be paid by me, until I get my business checking set up. Its been
> years since I studied double entry accounting, but I thought if I paid a
> bill for lets say 100.00, I wou
I tried that, same results.screenshot attached. I did find where to
remove the placeholder option, but same result:
-- Original Message --
From "Adrien Monteleone"
To gnucash-u...@lists.gnucash.org
Date 1/3/2023 5:03:54 PM
Subject Re: [GNC] new user, new file
Jamie,
Jamie,
Please use Reply-List or Reply-All to keep the discussion on the list.
I've copied your personal reply below.
I'm not sure why that would happen. I just added an Equity account with
no issue.
Let's be sure we're discussing the same thing.
At initially creating a new book with t
It sounds like you are considering your current personal payments as
your equity investment as you pay, rather than fronting the money and
then using it from there.
You should be able to simply:
Dr. Expense
Cr. Equity:Owner's Capital
(or whatever you determine is the best name for that acco
Starting a new business. For the next month or so, what few bills I have
will be paid by me, until I get my business checking set up. Its been
years since I studied double entry accounting, but I thought if I paid a
bill for lets say 100.00, I would credit my owner account for 100.00 and
debit
