rbmorse at comcast.net
Mon Jul 30 13:33:12 EDT 2007
How about creating a new income account "Insurance Indemnity
Payments?" I'm not sure what the tax implications of such
payments are, but it may be helpful at tax time to have that
broken out separately.
It also occurs to me that if there were any legal fees,
court costs or other charges incurred in obtaining that
payment you may want to create the appropriate splits
expensing those against the gross amount of the settlement.
From: gnucash-user-bounces at gnucash.org
[mailto:gnucash-user-bounces at gnucash.org] On Behalf Of John
Sent: Monday, July 30, 2007 10:45 AM
To: GnuCash User Mailing List
Subject: Indemnity accounting?
I received a sum from an auto insurance company as indemnity
for an accident.
I want to show its deposit in my bank account, but how do I
show the source?
gnucash-user mailing list
gnucash-user at gnucash.org
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
No virus found in this outgoing message.
Checked by AVG.
Version: 7.5.476 / Virus Database: 269.10.25/926 - Release
Date: 7/29/2007 11:14 PM
More information about the gnucash-user