2021-05-25 GnuCash IRC logs

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00:03:25 <DeluxeWarPlaya> Is it possible to split an account into different transactions that contain both debit and credit transactions, without going through each transaction line by line?
00:04:07 <DeluxeWarPlaya> gnucash seems to have created a new account that contains both, unsure why
00:13:04 <leif> If I'm following, the two parts are the two sides of one transaction. Depending on account types, it can be thought of as: One line (half of the transaction) specifies says "$2 goes into account X", and the other line (other half) says "$2 goes out of account Y."
00:13:28 <leif> If I'm not following, clarify a bit
00:18:24 <DeluxeWarPlaya> Sort of. The account was an everyday trading account so doesn't contain the second line, but keeps a running balance
00:22:40 <leif> To represent that, in Gnucash (or any double entry accounting system, which can have benefits for catching errors and tracking other information - if those things matter), you'll have to decide where to say the money is coming from/to.
00:24:57 <DeluxeWarPlaya> The question is then whether gnucash will represent said transactions in that trading account in the actual account type? (income/expenses etc?)
00:26:23 <leif> Hmm, I believe the answer is yes, gnucash can do it. (Though, wait around for other opinions - since I'm new to Gnucash, but just have some general accounting experience)
00:27:54 <DeluxeWarPlaya> ok
00:28:00 <leif> Honestly, a quick way that I just used when setting up Gnucash fresh is to write a bunch of "Adjustment" or "starting balance" entries, with the "transfer account" just listed as Equity for the time being. Then when I was ready to start identifying that something was income/expense, I started switching to using (a sub account) of Income/Expense as the "transfer account". Once I enter more transactions with custom income/expense
00:28:01 <leif> accounts as the "transfer account", then there can be a clearer picture of where the income is coming from, where the expense are going
00:30:03 <leif> I use air quotes for "transfer account" because it was helpful for me when I was learning the concept to see it is both similar to "transfering money between accounts (e.g. deposit $5 from my wallet to a checking account), and also different: (paying
00:30:44 <leif> ... "paying someone or a company" = "transfer from my account to an exepnse account"
00:31:17 <leif> and "receiving money from someone" = "transfer from an income account to my balance account"
00:40:38 <DeluxeWarPlaya> there doesn't seem to be any documentation on "Transfer accounts"
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00:43:49 <leif> It's my own phrasing. Sorry for any confusion. This page from the docs introduces how gnucash represents accounts: https://www.gnucash.org/docs/v4/C/gnucash-guide/basics-entry1.html#basics-transactions2
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13:01:44 <jralls> @tell leif To customize currencies you can fork GnuCash and rewrite libgnucash/engine/gnc-commodity.c. We don't support that.
13:01:44 <gncbot> jralls: The operation succeeded.
13:06:43 <jralls> DeluxeWarPlaya, I think you're confused about trading accounts. They're for collecting gains and losses created by changing assets between different commodities (currencies are a subset of commodities). You shouldn't ever create trading account splits by hand and if you need to edit a transaction with them it works best if you delete the trading account splits, make your other edits, and commit the transaction. GnuCash will make new trading accoun
13:06:43 <jralls> t splits for you.
13:08:27 <jralls> DeluxeWarPlaya, "transfer account" is the heading of the account column in the register's basic view. It's for the other account in a a two-split transaction.
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