2013-08-10 GnuCash IRC logs

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07:03:30 <gncbot> mikee: Error: You don't have the #gnucash,op 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.
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14:25:59 <beaylott> hi im using gnucash to do the accounting for a small UK non-profit. I am trying to come up with a good way of expressing a contingent liability (i.e. some grant money which needs to be repaid if it is not spent by a particular date).
14:38:07 <warlord> beaylott: create an account specifically for the money?
14:42:58 <beaylott> I have created an asset bank account for the grant and a liability account for accounting for the exposure to the contingent repayment of the grant money (which currently is set to the balance of the grant account)... but it seems incorrect as then im just writing off the current asset of the grant in the accounting equation against the possible future repayment of some of that asset. But maybe this is the right way of doing it? I couldn't find any other
14:43:21 <beaylott> functionality to express this.
14:57:36 <warlord> IANAA; I'm not sure you need contra-accounts.. Just an account for the asset with a note about how much balance you have and when it needs to reach 0.
14:58:02 <warlord> You might get better answers on the gnucash-user mailing list; there are people using GnuCash for NPs
14:58:22 <beaylott> ok thanks for your help i will ask there
14:58:46 <warlord> Good Luck!
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