2008-07-16 GnuCash IRC logs
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01:53:05 <asdfasd> i am getting an error while using aqbanking.... http://pastebin.com/d69cc1db6
01:53:29 <asdfasd> does this suggest something is wrong....or that my bank doesn't allow me to download a list of accounts
01:53:56 <asdfasd> i have tried clicking: Force SSLv3 but the same thing happened
01:58:07 <warlord> asdfasd: I suggest you ask on the AqBanking list.
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17:27:23 <merc> hello everybody
17:27:31 <merc> This is Tony Mobily, from Free Software Magazine
17:27:36 <merc> I am also a new Gnucash user :-D
17:28:13 <merc> Quick question. Assume that suddenly you buy your business partner out. So, you suddenly "owe" this person say $10000. I am not sure what you'd do to get the debt to figure in the accounts!
17:28:16 <merc> Any hints?
17:29:32 <jsled> Equity -> Liability?
17:30:14 <merc> OK
17:30:35 <merc> So shall I create an account under Equity, called "Debts"?
17:30:44 <merc> (thanks for the answer)
17:31:31 <jsled> I don't know if that's correct. IANAA, TINAA.
17:32:03 <merc> Not an accountant! :-D And what's TINAA?
17:32:47 <warlord> jsled: wouldn't you mean TINAAC?
17:33:28 <jsled> This Is Not Accounting Advice.
17:33:32 <warlord> merc: I guess the question I'd ask is "where are you 'storing' your equity in the company"
17:33:43 <warlord> Ahh.. "This Is Not An Accounting Channel" ;)
17:33:49 <merc> :-D
17:34:13 <merc> But this is accounting software... I am asking how to use it :-D OK, nevermind, you are definitely right
17:34:26 <merc> There is no real "storing" of equity here
17:34:36 <merc> suddeently the company should have a 10000 liability
17:34:43 <merc> I just can't work out which account it should come from
17:37:18 <warlord> it should come from the account where you keep track of your personal equity in the company.
17:39:55 <merc> I don't have an account where I keep my personal equity in the company... shall I create one? Do you have some kind of online doc about this?
17:42:14 <warlord> Only the main GnuCash docs.
17:42:53 <warlord> um, in that case I'd create something like Equity:<Company Equity> Or something like that. Unless you're actually "buying" company stock, in which point it would be an asset.
17:43:00 <warlord> But Equity works here, I think. (IANAA)
17:47:59 <merc> But we are talking about two accounts. So, Equity:Company Equity fine. What's its counterpart though?
17:48:09 <merc> Liability?
17:48:55 <jsled> If it's debt you're going to pay down, then yes.
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18:18:21 <DarthSebulba04> Hey, if I have a 7 month CD at a certain interest rate, is there any way to get gnucash to automatically calculate the monthly interest payments?
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