2009-03-07 GnuCash IRC logs
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03:57:58 <Marquel> morning.
03:58:13 <Marquel> i have a problem entering a bill into gnucash.
04:00:01 <Marquel> vendor refused to offer more than 2 digits behind decimals and now net value and taxes differ from the vendor's calculation. recalculating with oocalc produced the same numbers as the vendor, but gnucash doesn't. is there an option or method to correct this?
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06:39:22 <Marquel> I'll return with my question
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09:29:55 <warlord> @tell Marquel you need to provide much more information in order to help you. Like, where you are, what you put in for Tax Tables, what you entered into GnuCash, whether you marked it TaxIncluded or not, what result you got, and what result you expected.
09:29:55 <gncbot> warlord: The operation succeeded.
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11:08:52 <tedcx> getting a configure error with 2.2.9 "configure: error: C compiler cannot create executables"
11:09:07 <cortana> check the contents of config.log
11:09:16 <cortana> that message is quite common if you don't have a C compiler installe
11:09:17 <cortana> d
11:10:53 <tedcx> woops. something changed!
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11:25:26 <tedcx> sorry - rebooted. now make wants an -fPIC switch - what's the best way to do that? --with-pic?
11:26:47 <jsled> what os/distro are you using tedcx ?
11:28:16 <tedcx> suse 11.1 2.6.27.7-9 64bit #2 SMP PREEMPT on a 4 cpu Intel i7 box
11:28:34 <jsled> and you can't get a pre-built package?
11:29:12 <tedcx> ps the 2.2.7 rpm that came with segfaults on a file->export
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19:43:44 <Bob> hi there!
19:43:53 <jsled> hello
19:45:36 <Bob> say I own a small company and want to use Gnucash to its accounting, is it logical to put its accounts besides my personal ones, in the same file. Or is it better to create a different file? I thought keeping the same file would make "connections" easier.
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19:46:25 <goodger> Bob: you must maintain separate accounts for a business entity
19:46:52 <jsled> yes, but the transactions will have an inverted perspective depending on the two sets of books. If you're *really* familiar with double-entry, you can probably make it work, but it's going to be much easier to keep two sets of books.
19:47:49 <goodger> quite
19:48:19 <Bob> jsled: I see what you mean...I did not think of it this way... like my bank that shows "credit" where I see debit and vice-versa...?
19:48:50 <jsled> right.
19:49:13 <jsled> In double-entry, "credit" and "debit" can have really counter-intuitive meanings.
19:49:55 <goodger> quite
19:49:56 <Bob> I guess reporting will also be a little more tedious since I'll have more accounts to choose from
19:50:39 <jsled> that too.
19:51:12 <jsled> And there's going to be some assumptions in the stock reports (and business features) about the … polarity, if you will, of some accounts.
19:52:00 <goodger> quite
19:52:13 <Bob> mmm.... I'm not following here, can you elaborate?
19:53:00 <goodger> Bob: assets are increased by debiting them, while liabilities are decreased by the same, and vice versa
19:57:26 <Bob> goodger: I get what you said no problem, but I don't see the link with jslded's polarity of accounts....
19:58:14 <goodger> Bob: accounts are expected to have positive balances. if an asset account has a permanent negative balance, it is a mislabelled liability
19:59:32 <Bob> still with you there...
19:59:54 <goodger> ...so accounts are expected to have a positive polarity, as it were
20:00:00 <goodger> when forming reports, etc.
20:02:01 <Bob> OK! of course!
20:02:18 <goodger> right.
20:02:27 <goodger> ...and you must always keep separate accounts for a business as opposed to a personal thing
20:02:50 <goodger> if your tax office receives your accounts and finds an expense budget for underpants, they'll be highly intrigued
20:05:06 <Bob> yes of course!!
20:06:15 <Bob> what I thought about doing initially was adding extra liabilities, assets, expenses, incomess and equity to the same book, so I would have 10 "root" accounts. Is that silly? (obviously I am new to accounting)
20:06:36 <goodger> not a good idea
20:06:45 <goodger> most of the reports need them as one "lump"
20:08:56 <Bob> but report options allow you to choose the accounts you want to include in a particular account, doesn't it? Then, as I said earlier, the downside is that it requires more time to get the report to ...report what you want
20:11:36 <goodger> true
20:12:24 <Bob> this is really interesting, I did think about those things initially
20:12:35 <Bob> this is really interesting, I did NOT think about those things initially
20:12:49 <goodger> quite
20:13:09 <Bob> thanks guys!
20:14:07 <Bob> have a good, 1 hour shorter than usual, night!
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20:16:34 <goodger> oh god
20:16:46 <goodger> daylight savings time
20:16:52 <goodger> my watch will be off for a month
20:22:07 <joscherl> hi guys - one question: when accounting for a small business, would you use separate files for each business year?
20:24:38 <goodger> joscherl: I'd do that
20:25:36 <joscherl> goodger: thanks - at least I haven't found out yet how to separate years meaningful within one file
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22:16:31 <Bob> hello again!
22:20:25 <Bob> now, about sales tax, is it possible in Gnucash to have 2 different taxes on one product?
22:21:11 <Bob> i.e., here in Canada, there are federal and a provincial sales taxes...
22:33:08 <Bob> that is, the federal tax is first calculated and added to the initial sales price (you get a subtotal), then the provincial tax is calculated and added to the subtotal...is it possible to do this with gnucash...
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