2010-06-20 GnuCash IRC logs
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08:48:15 <Dave_is_sexy> Hi guys. I'm trying to sort out an issue with how my Student Loan account is set up. Currently it's as a tax (£x repaid each month), but every April money is transfered from the tax office to the Student Loan Company. In my accounts, that's reflected as negative tax, which of course it isn't. The balance is monitored in a liabilities account, and the interest as an equity account. But it seems however I do it, the transf
09:28:06 <gncbot> warlord: Error: Someone else is already using that nick.
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09:28:55 <Dave_is_sexy> oh, er..
09:29:03 <cortana> Dave_is_sexy: the SLC account for repayments as if the money went straight to them on the day you are paid, instead of to HMRC. so, i have my loan as a liability account, and transfer to it the portion that comes off my payslip
09:29:23 <Dave_is_sexy> "...the transfer from the tax office to the Student Loans Co liabilities account will always show as negative tax. Anyone got any ideas?" :)
09:30:27 <cortana> yeah, drop the tax office account :)
09:30:38 <Dave_is_sexy> so transfer straight from wages to liabilities? Yeah that might work :)
09:30:44 <cortana> yup
09:30:52 <Dave_is_sexy> How do you apply the interest/
09:31:01 <cortana> in a lump, when i get a statement from SLC
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09:31:20 <cortana> transfer from the liability account to expenses:student loan interests
09:32:03 <Dave_is_sexy> Cool. I think I'll leave mine in Equity for now, but I may drop the tax account
09:32:45 <cortana> hm, equity?
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09:34:22 <Dave_is_sexy> yeah, interest isn't an expense since it's not money you have or are spending. it's an increase to your debt, so the proper place for it to come from is Equity
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09:37:07 <cortana> it's the cost incurred for borrowing the money. if you lent some money to someone else, their interest payments to you would be income (at least, the portion of them that aren't repayments on the principal)
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09:51:32 <Dave_is_sexy> yeah but you arent paying it back yet, so you can't have it as an outgoing (an expense).
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10:15:29 <warlord-afk> @nick gncbot
10:15:29 <gncbot`> warlord-afk: Error: You don't have the admin capability. If you think that you should have this capability, be sure that you are identified before trying again. The 'whoami' command can tell you if you're identified.
10:15:32 *** warlord-afk is now known as warlord
10:15:34 <warlord> @nick gncbot
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10:15:49 <warlord> jsled, andrewsw: could one of you op gncbot?
10:15:55 *** warlord is now known as warlord-afk
10:15:58 *** jsled sets mode: +o gncbot
10:16:01 <jsled> @op warlord
10:16:01 <gncbot> jsled: Error: warlord is not in #gnucash.
10:16:05 <jsled> @op warlord-afk
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10:16:13 <warlord-afk> thx
10:16:30 <jsled> yw. :)
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14:51:01 <RLa> how to create a scheduled transaction to transfer all from one account (must be zeroed) to another?
14:57:37 <jsled> you can't, since there's no way to say "the entire value of account(x)" in the template.
14:58:00 <jsled> you could create a template with a named placeholder value, go look at the account tree when it comes due, and enter that amount for the placeholder.
14:59:29 <RLa> aww
15:00:36 <RLa> i'm trying to automate some accounting that used to use lot of paper forms to keep track of intermediate sums etc.
15:00:47 <RLa> i guess i actually do not need it
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18:35:22 <lespanola> I want to know if anyone has tried bill pay with multiple currencies?
18:37:02 <warlord> you cannot
18:37:05 <warlord> (with gnucash)
18:37:15 <lespanola> I have setup my accounts in multiple currencies and everytime I process a payment the amount of the bill dont showup
18:37:56 <lespanola> hello warlord
18:38:10 <lespanola> I can't?
18:38:25 <warlord> Nope, gnucash does not support that.
18:38:45 <lespanola> thank you. I needed to hear that from someone
18:39:04 <warlord> In 2.3/2.4 there is a way to pay an invoice/bill in a different currency
18:39:08 <warlord> but not in 2.2
18:39:59 <lespanola> can you point me to the right direction?
18:43:10 <warlord> For now, pay a bill in the currency that the vendor is configured.
18:43:49 <lespanola> can I do that in 2.2?
18:45:38 <warlord> Of course! In 2.2 your Expense, A/P, and Asset accounts must all match the currency configured in the Vendor.
18:45:52 <warlord> (or Income, A/R, and Asset for Customer Invoices)
18:52:20 <lespanola> I got it. Thank you again.
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18:56:34 <Dave_is_sexy> Hey guys. Is there any way to stop a particular account being red?
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19:07:34 <Dave_is_sexy> ...cos I have an equity account, Education Loan Interest, which is always red, but it's always going to be negative equity, even when the linked Liability is paid off.
19:07:50 <jsled> right.
19:08:18 <Dave_is_sexy> So, that's right?
19:08:34 <jsled> yes. the account should really be called "equity adjustments".
19:08:54 <jsled> if you want your real accounting equation instantaneous equity you need to run a report
19:09:13 <Dave_is_sexy> OK I'll make a parent for it called that :)
19:10:01 <Dave_is_sexy> I was thinking earlier, interest on a long term loan like that is negative equity, but interest on a credit card is Expenses:Interest...
19:10:26 <jsled> interest on a loan is expense, as well.
19:10:59 <Dave_is_sexy> Mine isn't an expense yet though, as it's accumulating but I'm not paying it off, so it's not an outgoing
19:11:09 <jsled> ah.
19:11:39 <Dave_is_sexy> :) we actually talked about this about 2 years ago and decided Equity was the right answer
19:11:40 <lespanola> i'm still having probems with the bill total not showing after I post it
19:12:15 <lespanola> did anyone run into this problem?
19:12:29 <Dave_is_sexy> but i don't quite get why credit card interest should be handled as an expense, since there's no guarantee it'll be paid off anytime soon, even though it is.
19:12:55 <jsled> good question.
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19:16:16 <warlord> Well, the interest is an expense, regardless of whether you pay it now or later. When you accrue Interest it's an immediate expense, CC -> Expense.. As if you made a payment.
19:16:23 <warlord> er, as if you made a purchase
19:18:09 <Dave_is_sexy> i don't think it is. i could accrue interest of £10 this month, but not pay it til next year. putting it as an expense would screw up the books in that case
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19:19:01 <Dave_is_sexy> I only notice it cos of my student loan, which goes up up up every month, but isn't an expense. The liability just increases
19:19:24 <Dave_is_sexy> ...then i pay off the liability with the minimum instalment :)
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19:21:01 <Dave_is_sexy> ooh i can have account colours. when did that happen?
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19:23:22 <warlord> Well.. You have to turn it into an expense at SOME point.
19:23:23 <Dave_is_sexy> oh it doesn't do anything
19:23:54 <Nikcha> hi
19:25:43 <Dave_is_sexy> nope. cos it gets paid off at the liability and is taken by the tax office before i see it. I used to have it as a tax account but that messed things up at the end of the tax year when the tax office paid the student loans co. I think I have it right now with Income <> Liability and Liability <> Equity. It would be nice to be able to track the monthly contributions though
19:25:52 <Nikcha> in 2.3.14 something changed on windows installation and encodings
19:27:23 <Nikcha> so we have unreadable greek characters in windows start menu entries
19:28:09 <Nikcha> how i can fix this?
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19:30:23 <Dave_is_sexy> I've just found a problem in the current release too. You can't choose which accounts appear in a report. Everything breaks if you try. WinXPx64
19:32:00 <Dave_is_sexy> jsled, if I've got bad interest as negative equity adjustments (working nicely!) shouldn't I have good interest as positive equity adjustments?
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23:07:57 <linas_> hey fyi, gnucash website hits are not quite 2x of what they were a year ago ...
23:10:21 <warlord> is that good or bad?
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