2012-12-09 GnuCash IRC logs
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11:16:10 <m_steinf> good evening :)
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11:19:03 <Streward> So now: good evening :)
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12:14:17 <calmar> how would you put that into gnucash: other bet $100 that something will occur in the future against me.?
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13:00:09 <zhkle> Hi! Q: Having problem with logging Reimburible Asset expenses. Problem is very basic: what is the difference between a description, a memo, and a note? Does it only apply to what is displayed on GnuCash's reports? Thank you.
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13:15:03 <zhkle> calmar, let me clarify your question: you want to know how to enter a $100 bet into GnuCash?
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13:33:57 <calmar> zhkle: yes. I mean the cash has not yet transferred.
13:34:34 <calmar> (it will be payed, he or I, in the future)
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13:35:19 <calmar> but I meant it would be nice when I could put that into the ledger already now.
13:36:23 <zhkle> calmar: I'm not sure. I am a new user to GnuCash. I imagine, however, that you might be able to treat it at an "Accounts Payable" liability.
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13:37:44 <zhkle> So then you would increase the liability account "Accounts Payable" and decrease the expense account "Misc." or whatever account you think is appropriate.
13:40:22 <calmar> hm I see.
13:41:26 <zhkle> If the bet turns out in the other party's favor, I imagine you could then transfer the payment from the "Accounts Payable" account to your checking account.
13:42:03 <zhkle> Otherwise, if the bet turns out to be in your favor, you would mark it as a...
13:43:25 <zhkle> No, I would void the Accounts Payable transaction and enter the bet winnings in your checking account as if it were a gift from the other party to you.
13:43:44 <zhkle> That may not answer your question, as I don't know what the standard accounting practices are, but that is a workaround you could use to put your bet into GnuCash.
13:44:31 <zhkle> Does that help?
13:44:35 <calmar> zhkle: thanks a lot! I will just try it out
13:44:52 <zhkle> calmar: No problem.
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13:52:17 <zhkle> calmar: I just thought of something. You could also just credit (decrease) $100 from your account. If you win, you just change the $100 from a credit (decrease) to a debit (increase).
13:52:56 <zhkle> The account would be your Asset:Checking Account.
13:53:27 <zhkle> It seems much simpler than the messy proccess I gave you above. My bad.
13:54:38 <calmar> decrease $100 towards the other party's account. .. and then accordingly back, right?
13:55:25 <calmar> or towards a 'pot-account' maybe.
13:55:32 <zhkle> calmar: yes. Instead of creating account, you could just put the reverse transection under "Expenses:Miscillaneous"
13:56:04 <zhkle> I guess so long as the numbers are right after the bet, it should be good.
13:56:29 <calmar> zhkle: I see., thanks again :)
13:56:32 <zhkle> Doesn't matter what account you put it into. You can do a pot-account, whatever works best for you.
13:56:39 <zhkle> No problem, my pleasure, any time. :D
13:56:44 <calmar> :)
13:58:29 <calmar> maybe that helps http://gnucash.1415818.n4.nabble.com/Notes-Memo-confusion-td3444755.html , what Derek Atkins says
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14:20:38 <calmar> zhkle: I have it like that now, but I have to reread what you wrote above: http://www.calmar.ws/tmp/009-Sun-screen.png
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14:36:09 <zhkle> calmar: wow, that looks very good! thank you. both the screenshot looks good and the post Derek Atkins wrote helped me with my problem. thanks, calmar!
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14:40:43 <zhkle> calmar: wow, that looks very good! thank you. both the screenshot looks good and the post Derek Atkins wrote helped me with my problem. thanks, calmar!
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14:48:32 <calmar> zhkle: thanks you ;)
14:49:33 <fell> calmar: Don't use the a A/P account for your bet. They are reserved for invoices created by the business feature.
14:50:18 <fell> Simply create a new liability account "open bets"
14:50:42 <calmar> fell: ok, that I have i guess. thanks.
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16:29:09 <eriksonps> Hello
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