2017-02-28 GnuCash IRC logs
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06:11:23 <duelle> Hi, I am looking for a way to book my income including the taxes that are deducted before the amount is booked on my account. Can you tell me how this should be done in gnucash?
06:12:52 <duelle> So I would like to book the full amount without deductions and then assign the taxes etc. to the corresponding expense accounts before booking the remaining amount on my bank account. Is this possible, and if yes, how would I do that?
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09:45:28 <fell> @tell duelle See e.g. http://code.gnucash.org/docs/C/gnucash-guide/chapter_bus_features.html
09:45:28 <gncbot> fell: The operation succeeded.
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10:28:22 <warlord> @op
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11:27:29 <MrKeuner> big question :)
11:28:15 <MrKeuner> how would I show where the money is transfered from for an employee contribution in a health savings account transaction?
11:28:50 <MrKeuner> I never received money, employer directly deposits it there for me
11:36:45 <MrKeuner> I guess income:salary would be the best. But there is no openening balance in it...
11:37:06 <MrKeuner> which doesn't make sense to have an opening balance in a salary account
11:37:20 <MrKeuner> any insights would be appreciated
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11:44:35 <warlord> MrKeuner: "Income" and "Expense" accounts are "special" -- they are actually special equity accounts and are the magic "source" and "sink" targets to get money into and out of your accounts.
11:45:03 <warlord> I'm not sure "Income:Salary" is necessarily the right account; you might want "Income:HSA Contribution"
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12:33:53 <MrKeuner> warlord, great, thanks!
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12:41:06 <warlord> you're welcome
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16:12:40 <mefesto> hello! i've been using gnucash for personal stuff for a while. i do contract work through an LLC and manage it completely separately from personal finances. I'm curious if the value of this little guy should somehow be represented in my personal books?
16:17:49 <warlord> mefesto: more likely you'd want a separate set of books for the LLC.
16:19:43 <mefesto> warlord: okay, i do currently have separate books. i just wasn't sure if the ownership of this business should be reflected in the personal books somehow. like when i take personal money and deposit it into the business' checking account... currently, my personal books just record an owner draw -- then the company's books show an owner's equity
16:20:26 <warlord> Well, yes, when you transfer your personal money to the company that should be reflected in both sets of books.
16:20:58 <mefesto> but the actual "value" of that company doesn't have a place in the personal books then
16:21:48 <warlord> correct. You have some equity in the company (which would be on your personal books), but not necessarily the current FMV of the company.
16:22:08 <mefesto> okay, thanks very much for the help!
16:22:19 <warlord> IANAA, but you're welcome
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16:31:48 <mefesto> i noticed that gnucash creates a few *.{log,gnucash} files with timestamps in the names. it's perfectly safe to delete these from time to time as long as the main gnucash file remains?
16:38:36 <jralls> mefesto: Yes, though you might want to keep the most recent 2 or three around as backups in case something gets munged in your main file.
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17:16:05 <mefesto> i was reading about the Close Book tool but from the manual it says it's not necessary and might skew reports. I typically only use the Profit and Loss report for monthly and quarterly views. Would this affect me?
17:17:40 <mefesto> Honestly, the only reason I want to close the books is to make the chart of accounts "pretty". I've been using gnucash for a few years now and expenses and income values don't provide much insight unless i close the books (i think).
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17:51:59 <jralls> mefesto: It's completely up to you. The close books tool creates a transaction that transfers the balances of all of the income and expense accounts to an equity account. A report whose date range crosses one or more of those transactions will be wrong.
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18:35:02 <mefesto> jralls: thanks for the info. i only intend to do this once a year so i think it'll work for my simple needs
18:35:14 <jralls> OK.
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