2010-04-24 GnuCash IRC logs
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01:43:10 <dreamon_> warlord, thank you.. i will do so.
01:46:50 <dreamon_> On witch server can I find #aqbanking Channel?
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02:12:32 <dreamon_> warlord, thank you.. i will do so.
02:12:36 <dreamon_> On witch server can I find #aqbanking Channel?
02:13:41 <warlord> dreamon_: as I said, on freenode.
02:16:53 <dreamon_> sry.. Think i was too tierd..thanks
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02:30:53 <dreamon_> warlord: Now im at freenode too. but there no aqbanking channel
02:32:11 <warlord> Huh. You're right.
02:34:22 <warlord> Sorry, not sure where it is. Maybe ask on the aqb mailing list?
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02:36:37 <dreamon_> warlord-afk: ok
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08:50:23 <jsled> adabo: the logs are at http://lists.gnucash.org/logs/
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08:54:38 <adabo> jsled: Oh cool. Thank you.
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09:07:31 <adabo> what happens if I click "open anyway"? I get this message frequently when I start gnucash
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10:48:27 <wingo> good day
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10:53:03 <adabo> Hello
10:54:05 <adabo> I found the $6!
10:54:24 <adabo> it was simple.
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11:03:40 * wingo 1/10 of the way to a fresh git-svn checkout
11:04:04 <wingo> i had been hacking offline on a bzr mirror, and i had a bunch of patches i needed to submit
11:04:15 <wingo> i couldn't figure out how to make bzr spit out the patches
11:04:30 <wingo> i even used to use bzr, but it kept asking about an upstream mirror, and trying to access the net
11:04:45 <wingo> in the end it was faster to bzr fast-export to a git repo, and work on things from there
11:05:13 <wingo> which is saying something, considering bzr took an hour and a half to export...
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12:00:48 <olympus> Is there a way to backup gnucash files to move them to a new pc?
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12:23:07 <dreamon> Is it possible to import a original RDH10 key, witch I use with windows software. Or do I have to create a new one?
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13:06:29 <warlord> dreamon: You'll have to ask the AqB people that.
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16:53:43 * dwrudy_ figured out how to get my logo into the invoice using style sheets & fancy invoicing. Problem #1: solved. :)
17:25:59 <dwrudy_> What would be the best way to add a business expense to my GnuCash books? As a new "bill" associated with a vendor?
17:27:20 <dwrudy_> I'm just getting started with the software and have limited accounting experience or training (I did take a nonprofit accounting course through a college last summer, so I do know the basics). My use case for this particular business expense is the purchase of a new domain name.
17:28:35 <dwrudy_> I have already paid the expense, of course, but I want to put it into the books
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18:20:54 <gary> dwrudy_: how did you get a logo on a fancy invoice? :)
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18:22:27 <dwrudy_> gary: in the main window, go to edit --> style sheets --> and create a new style sheet with the "Fancy" template
18:22:51 <dwrudy_> You then go to the Images tab
18:23:06 <dwrudy_> and select your "header" or your "logo"
18:23:36 <dwrudy_> I'm using a header instead of a logo because the logo is places to the upper left of the invoice data
18:23:48 <dwrudy_> while the header can go directly above the invoice data
18:24:19 <dwrudy_> ... not sure why it's designed that way, but it is - fine with me, as long as I know that I can achieve my desired effect! :)
18:24:51 <dwrudy_> You need to have an existing image, of course. :)
18:26:48 <dwrudy_> What's an "imbalance"? I added $100 to my equity to reflect the amount of money that I actually have in my business checking account (not really - I don't have a business account open yet - I'm just playing around with things)...
18:27:15 <dwrudy_> and when I did, an imbalance of $100 showed up under my Expenses
18:27:51 <dwrudy_> more specifically, I added $100 to my "opening balances"
18:28:28 * dwrudy_ is confused. When I do that, shouldn't that automatically increase my assets? Because my assets still say $0.
18:28:46 <jsled> dwrudy_: did you set the transfer account to Expenses?
18:29:10 <jsled> "Imbalance" is the account that transactions are set against if you don't set one appropriately.
18:29:33 <jsled> wait, now I'm confused.
18:29:49 <jsled> where and how did you "[add] $100 to [your] "opening balances""?
18:29:57 <jsled> cause that shouldn't affect Expenses at all.
18:30:16 <dwrudy_> In the main window, I double click on "Opening Balances" under "Equity"
18:30:30 <jsled> and you get the Opening Balances account register…
18:30:37 <dwrudy_> I see the $100 that I added... I put $100 into "Increase"
18:30:42 <dwrudy_> but I didn't set anything else
18:31:14 <dwrudy_> but yes, looks like as a result, it was set to "Imbalances" in Expenses
18:31:17 <jsled> Ah. You will *always* want to set the Transfer column.
18:31:24 <dwrudy_> :)
18:31:28 <dwrudy_> good to know
18:31:29 <jsled> It shouldn't be in Expenses … it should be at the top level.
18:31:33 <jsled> See http://www.gnucash.org/docs/v2.0/C/gnucash-guide/txns-registers1.html
18:31:56 <jsled> And … this is the nature of double-entry accounting. Every Transaction has 2 or more Splits that sum to zero.
18:32:10 <dwrudy_> Meaning Equity: Opening Balances. I see that now.... I'll check out the link too. Thanks.
18:32:38 <jsled> In the default register view, you only see the "other" Split; the Split relating to the eg. {Equity:Opening Balances} account that you're "in" is elided.
18:32:57 <jsled> To make things (maybe :) a little more clear, try the "Auto-Split" register view.
18:33:09 <jsled> Then you'll see both the local and "other" split, and any other splits involved.
18:33:21 <jsled> (without using too much screen real estate)
18:33:32 <dwrudy_> Oh, I haven't played around with the different views yet... that's good to know
18:43:09 <dwrudy_> So if I'm adding $100 to my Equity (opening account), I should have another transfer that goes into my assets, so that my existing checking account increases by $100, so that my Equity always stays at 0?
18:44:07 <jsled> the transaction is Equity:Opening Balances -> Assets:Checking
18:44:12 <jsled> two splits.
18:44:22 <jsled> "Equity" is really "Equity Adjustments".
18:45:42 <dwrudy_> That makes sense
18:45:49 <dwrudy_> I'm starting to understand it now
18:46:29 * dwrudy_ is trying hard to conjur up what he learned in his 18-week course in intro to nonprofit accounting, & principles contained in it that applies to all accounting
18:50:22 <jsled> Equity (and Income) are "source" accounts. Expenses is a kind of "sink" account.
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19:52:37 <dwrudy_> So my Equity and Income accounts should *always* be $0, but use those as the "gateway" to my Assets?
19:54:21 <jsled> no, they will not be "0"
19:54:49 <jsled> Income is easier to talk about … it'll have a value equal to your income over the period the books track.
19:55:41 <dwrudy_> ah
19:55:52 <dwrudy_> (I think. :) )
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20:11:36 <dwrudy_> So ultimately, even though in the Equity Account Register, I have two items listed in my books (1 = Equity:Opening Balances and is an increase of $100, 2 = Assets:Checking Account and is a decrease of $100), it is OK that my equity still says $100... because the Equity is the ownership - the amount that I have personally invested.
20:12:35 <dwrudy_> So is a result, I only have $100, but it's listed twice - 1 in the Assets and 1 in equity.
20:12:39 <dwrudy_> s/is/as
20:20:53 <jsled> yes; two sides of the same coin / transaction
20:21:04 <jsled> double entry. :)
20:22:02 <dwrudy_> Got it.
20:22:25 * dwrudy_ just figured out how to process an invoice payment as well.
20:25:56 <dwrudy_> I suppose it's time to send out a couple of invoices using GnuCash for the first time.... I think I've played around with enough to know that this will force me to be detail oriented and keep track of my customers and invoices better... and I think I've come to the conclusion that this has everything that I need...
20:25:59 <dwrudy_> (except recurring billing reminders, which I may decide to play around with the source code to add if I'm crazy enough to try hacking the code)
20:27:18 <dwrudy_> I've got a lot to learn, but I also have a lot that I need to get organized. I can tell this will help a lot in that.... in the past, I've been terrible at accounting, have sometimes been months late in billing and invoicing, and have just used Microsoft Word and Excel
20:28:02 <dwrudy_> but I'm also starting to get serious about my business plan, and am getting close to being ready to launch my business into a full time venture (on paper, anyway)
20:28:02 <dwrudy_> :)
20:28:19 <dwrudy_> (I'm still doing this VERY part time right now)
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20:35:16 <KaiForce> I've given up on setting up PNC for direct connect. Are there instructions for setting up imports of download transaction data somewhere?
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21:07:19 <dwrudy_> Basic Accounting question: I added two bills (for expenses that I incur). When I went to process the payments, I transferred money from Accounts Payable to Current Assets:Internet Property (I created this one to be used for domain names, web hosting packages not on my own physical servers, etc...).
21:07:48 <dwrudy_> So now there is a negative amount of money in Internet Property.
21:08:43 <dwrudy_> I suppose that to reflect what I did in real life (pay the bill), I should edit the transfer so that cash comes out of my Assets:Checking, and goes into Assets:Internet Property
21:13:31 <dwrudy_> Would the proper way to do this be to go into the Internet Property Account Register, view the auto-split ledger, and add an "increase" to go from Checking into Internet Property for each of the two transactions?
21:16:47 * dwrudy_ guesses not since that created an imbalance
21:49:20 <dwrudy_> After talking with my friend / landlord / housemate, I guess what I need help with is figuring out if I should really be posting this from Accounts Payable to Expenses rather than Current Assets. This makes perfect sense.
21:49:47 <dwrudy_> But what I don't understand is how I can THEN indicate this purchase in my assets.
21:51:01 <dwrudy_> (actually, it looks like when I post a Bill, it automatically goes into Expenses as well as Accounts payable)
21:56:09 <KaiForce> What is the purpose of the Internet Property account? I think you would want to treat it like an expense
21:58:04 <KaiForce> dwrudy_^
21:59:15 <dwrudy_> Well, yes & no. Yes in that I should probably create an expense for Internet Property. But once I make the purchase, shouldn't I somehow transfer what I "got" into my assets?
21:59:40 <dwrudy_> obviously it's not a very liquid asset. But it's an asset none-the-less
22:01:42 <dwrudy_> In reading the GnuCash manual, I realized that transfer account that I use to "pay" a bill posted to Accounts Payable, should be coming from my checking account. That makes sense. I just don't understand how to then make a record in the book that I "own" this new asset.
22:05:43 <KaiForce> i'd ask an accountant. valuation of this new "asset" is difficult
22:08:08 <KaiForce> my gut says I would treat it as an expense, and if I sold a domain (for example) I would classify that as a service rendered, but i'd let my accountant tell me how it is done
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23:47:04 <dwrudy_> Make sense