Reports will not show income accounts
Mike or Penny Novack
stepbystepfarm at mtdata.com
Sun Dec 16 09:31:38 EST 2007
>I then open the options on the report and select all assets
Walter, your problem might have nothing to do with GnuCash but instead
with accounting concepts
"income" accounts would NOT be "asset" accounts. In other words, this is
a wrong chart of accounts "assets:income:Salary". Instead, "salary"
should be of account type "income" (a temporary category. Let's say you
have just received a paycheck. The transaction recording that might
debit your checking account (the asset type account where you deposited
your paycheck) and credit your salary account (an income account,
technically a temporary account of type "equity" --- at the end of the
accounting period the temporary income and expense accounts are closed*
into equity). The only "standing" accounts (permanent accounts) are of
types asset, liability, and equity.
Might I suggest you use the tutorial to go over "accounting concepts".
GnuCash is an accounting TOOL. Use of a tool doesn't relieve you of
understanding the basics. It's a lot easier (a lot less work) to use an
autoposting system like GnuCash than to post entries by hand the old
fashioned way pen and ink on paper -- but you still have to understand
the basics. If the tutorial doesn't prove to be enough, you'll need to
read some books on basic accounting concepts.
Michael D Novack
* AFAIK the "autoclose" function of GnuCash does not yet exist. One of
the things I suspect I might get drafted to create for assuming my
organization approves using GnuCash.
There is no possibility of social justice on a dead planet except the equality of the grave.
More information about the gnucash-user