2014-11-21 GnuCash IRC logs
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14:28:53 <vantage> Hi all, I've been using Gnucash for personal finance for a while now. I've just started up a small corporation and was wondering if anyone could point me to info on how to best set that up. Should it be a brand new file? Can I generate reports for a financial year (as opposed to from the beginning of time), etc.
14:33:29 <gjanssens> vantage: I would indeed create a separate file for your business accounting. It will be easier to generate independent reports.
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14:35:49 <vantage> gjanssens: is there any guides on how to setup the necessary accounts for a corporation? Things like accounts received, accrued revenue, crude liabilities, etc? Or how to get reports to run starting from 0 for the corporate year?
14:37:59 <gjanssens> vantage: have you read the chapters on Accounts Receivable and Accounts Payable in the GnuCash Concepts Guide ?
14:38:01 <gjanssens> http://www.gnucash.org/viewdoc.phtml?rev=2.6&lang=C&doc=guide
14:38:13 <gjanssens> That's a good start.
14:38:56 <gjanssens> jralls: thanks for updating the website
14:39:42 <gjanssens> Do you have ideas still to debug the malfunctioning javascript issue on the Windows build ?
14:40:09 <vantage> gjanssens: Thanks. That looks like a good place to start. Is there anywhere else that focuses purely on the incorporated side of things and how it's different than the personal side?
14:43:29 <vantage> on an unrelated note, what's the best way to record points redemptions from cash back credit cards?
14:44:10 <gjanssens> vantage: I'm not aware of such place. The mailing list will be a good place to ask questions. There are several members there that are running businesses and manage their accounting with gnucash.
14:45:22 <gjanssens> For the credit card question I'll have to pass it on to others. I have never seen a credit card with points redemptions/cash back features.
14:58:09 <vantage> Maybe creating an asset for the points accumulated? Or income account?
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15:07:21 <warlord> vantage: do you need to account for it?
15:14:02 <vantage> warlord: Yeah, since I want to record my expenses on my credit card and then have to explain where that -$200 transaction came from
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15:24:32 <warlord> When that happens you can just record it as something like "Income:Points Use" or something like that.. You might want to ask your accountant how to do that.
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