Re: [GNC] Income not appearing in P report
PS --- This is another situation where I will help with what are essentially accounting questions as opposed to gnucash questions. I have before said that I will help non-profits. I want to add to that, I will help with "elder specific" issues. Not that the person being helped an accounting problem IS and elder, but that the accounting question is specific to elder status. ROFLOL I am an elder myself and learned bookkeeping when it was pen and ink on paper. Michael D Nvack ___ 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] Income not appearing in P report
On 3/31/2021 3:45 AM, Mahon Finbar wrote: Thanks both. Thanks for the 'accounting' way of doing it and I will try some of the proposals. My case is a little bit different; just to clarify - I pay a fixed amount per month, as many utilities suppliers offer, but, my supplier cannot (yet) handle the reduction from a government subsidy, on age grounds, so the authorities pay that monthly. Therefore I have two transactions, paying the fixed amount and receiving the subsidy as an "income" event. Slight wrinkle, the subsidy is, for reasons I do not understand, different every month, there is a higher and a lower sum every second month. a) Does your jurisdiction consider that subsidy income? << do you need to report that as income? >> If not (and I suspect not) b) Look at the expense side of this. I am guessing, when you send this utility supplier that fixed monthly payment you are recording THAT as "utility expense". But then somebody (the government agency) reimbursed part of that to you. Now IF your government and this utility had been able to arrange your age related reduction in charge for the utility service, what would you have seen? You'd have had a lesser monthly payment to make, right? So treat this reimbursement you get not as income but as a reduction in utility expense. You debit cash for the subsidy and credit utility expense. 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] Income not appearing in P report
Thanks both. Thanks for the 'accounting' way of doing it and I will try some of the proposals. My case is a little bit different; just to clarify - I pay a fixed amount per month, as many utilities suppliers offer, but, my supplier cannot (yet) handle the reduction from a government subsidy, on age grounds, so the authorities pay that monthly. Therefore I have two transactions, paying the fixed amount and receiving the subsidy as an "income" event. Slight wrinkle, the subsidy is, for reasons I do not understand, different every month, there is a higher and a lower sum every second month. I'll check the report settings for that issue. Thanks, Barry On 30/03/2021 16:21, Michael or Penny Novack wrote: I get reimbursed a certain amount of electricity costs each month, as a separate transaction in to my bank a/c. I enter them as income:reimbursement in the gnucash transaction. However, nothing appears in my P report under 'reimbursement' but if I click on the headline in the report they all appear on the list of reimbursements as assets:BoIBarry as entries under 'transfer' (where BoI Barry is my bank a/c) Why? Two problems here, only one of which is gnucash 1) Reimbursements should be considered reduction of the expense rather than income. Eventually somebody else paid this portion of your expenses, not you. This is a matter of accounting, independent of gnucash If you need to track pending reimbursements (to make sure you receive them) you can do it this way: Let's say because of "work at home" your employer is paying 10% of your electric bill: (by which I mean YOU pay the electric bill, submit a reimbursement request, and receive a reimbursement) a) You pay an electric bill: This would be a split transaction, credit your bank account for the payment and debit 90% to electricity expense and 10% to pending reimbursements << that would be an asset account -- somebody owes you something, the origin of the term "debit" >> b) Your employer reimburses you: Debit the bank account and credit pending reimbursements. Notice that the balance of pending reimbursements shows you what is outstanding (reimbursements you have not yet received) 2) BUT --- you claim to have gnucash problem with some income or expense account not showing on your P report (has various names for essentially the same report). You need to check report options. The most likely reasons for an account to be missing in this report: a) You are applying explicit selection as to what accounts to appear. If you aren't explicitly specifying accounts, it isn't the cause b) You are suing the option "do not show accounts with zero balance" AND there were no transactions affecting this account DURING THE TIME INTERVAL OF THE REPORT. There is always a time interval for this report. 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. ___ 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] Income not appearing in P report
I get reimbursed a certain amount of electricity costs each month, as a separate transaction in to my bank a/c. I enter them as income:reimbursement in the gnucash transaction. However, nothing appears in my P report under 'reimbursement' but if I click on the headline in the report they all appear on the list of reimbursements as assets:BoIBarry as entries under 'transfer' (where BoI Barry is my bank a/c) Why? Two problems here, only one of which is gnucash 1) Reimbursements should be considered reduction of the expense rather than income. Eventually somebody else paid this portion of your expenses, not you. This is a matter of accounting, independent of gnucash If you need to track pending reimbursements (to make sure you receive them) you can do it this way: Let's say because of "work at home" your employer is paying 10% of your electric bill: (by which I mean YOU pay the electric bill, submit a reimbursement request, and receive a reimbursement) a) You pay an electric bill: This would be a split transaction, credit your bank account for the payment and debit 90% to electricity expense and 10% to pending reimbursements << that would be an asset account -- somebody owes you something, the origin of the term "debit" >> b) Your employer reimburses you: Debit the bank account and credit pending reimbursements. Notice that the balance of pending reimbursements shows you what is outstanding (reimbursements you have not yet received) 2) BUT --- you claim to have gnucash problem with some income or expense account not showing on your P report (has various names for essentially the same report). You need to check report options. The most likely reasons for an account to be missing in this report: a) You are applying explicit selection as to what accounts to appear. If you aren't explicitly specifying accounts, it isn't the cause b) You are suing the option "do not show accounts with zero balance" AND there were no transactions affecting this account DURING THE TIME INTERVAL OF THE REPORT. There is always a time interval for this report. 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.
[GNC] Income not appearing in P report
Hi, I get reimbursed a certain amount of electricity costs each month, as a separate transaction in to my bank a/c. I enter them as income:reimbursement in the gnucash transaction. However, nothing appears in my P report under 'reimbursement' but if I click on the headline in the report they all appear on the list of reimbursements as assets:BoIBarry as entries under 'transfer' (where BoI Barry is my bank a/c) Why? Thanks, Barry ___ 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.