2012-09-03 GnuCash IRC logs
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06:48:29 <Shyne> does gnucash connect with your bank accts/credit card accts automatically?
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08:20:46 <warlord> Shyne: not "automatically", but depending on your bank you can tell gnucash to pull transaction history down.
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09:20:01 <Shyne> thx .. cool app and open... congrats.. i shall be back when im stuck again
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11:56:51 <icewater> Hello all. I have lapsed for about six months in tracking my finances, and would like to begin again. What's the best way to get my data consistent with reality?
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11:59:55 <kpreid> you can just enter your opening balances as of today
12:00:38 <kpreid> it doesn't matter where you start, as long as you record *all* transactions after the opening balance for any given account
12:04:07 <icewater> Thanks, I will try that.
12:14:08 <kpreid> but for good reporting, it is best have one single date for everything, and also to align it to a month or whatever period is interesting
12:16:27 <icewater> not sure what you mean - could you expand on those two points?
12:19:03 <kpreid> for consistency in any given account, you just need to pick a starting point and record everything after
12:19:42 <kpreid> if you want to compare things, they need to start at or before the same date. consider, for example, a report of your total assets — you need data for all accounts over the same time interval
12:20:05 <kpreid> so I was over-general in my initial statement. the usual rule is pick a single date and start recording everything from then on
12:20:47 <icewater> ok, thanks... question: how do i enter a new opening balance in an account?
12:22:21 <kpreid> when you create an individual account, the New Account dialog has an Opening Balance tab where you enter the details. when you're starting a new file, I forget how that works
12:23:12 <kpreid> but in any case, an opening balance is just a transaction
12:25:21 <icewater> And that process is no different when dealing with an existing account? Wouldn't an adjusting entry of some kind be required?
12:25:42 <kpreid> oh, you have an existing file and you want to keep it.
12:25:47 <kpreid> ok, you're doomed :-)
12:26:02 <kpreid> more seriously, I don't know what to do about that, besides entering the six months you didn't before
12:30:38 <icewater> rats... :-) OK, how does this sound: I have records of Assets, Liabilities, Income and some Expenses for the gap. I'll enter the back-data and see how my cash differs from current bank balances, then go back and apportion the difference on a monthly basis to the various expenses according to their relative percentages based on a report from the period of known data.
12:31:21 <icewater> feels dirty but the approximations would still be useful for the continuity
12:31:29 <fell> mikee: about bug #683222 I was asking for Mike Alexanders support.
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17:04:13 <warlord> kpreid: icewater could just create new balance transactions to bring all the Asset & Liability accounts to the current balance.
17:04:39 <kpreid> ah, you put it that way and it makes sense
17:16:42 <warlord> :)
17:16:52 <warlord> Unfortunately s/he left before I got bakc
17:16:53 <warlord> back
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