Advanced Budget Report Question

Andre Powell apowell656 at gmail.com
Thu Jan 14 19:33:08 EST 2010


Ben,
I have been using your "Advanced Budget" report and was wondering if you had made any updates since your last post. I agree with the comments that you made in your last post ( http://lists.gnucash.org/pipermail/gnucash-devel/2008-July/023622.html ) and wanted to add a thought about the liability question: 

"Issue One: I don't include ASSET or LIABILITY accounts in the budget
report even if there is a budget value for them.  It would be easy
enough to add them in to the report but I couldn't figure out how to
deal with them in the TOTALs section.  Do I subtract them from the
income?  Do I add the ASSETS and subtract the LIABILITIES? How do you
deal with it when you remove money from the ASSET account to pay for
something?  These are the types of questions I couldn't come up with a
good answer to. I have tried to find literature talking about how to
deal with ASSET and LIABILITY accounts from a budget perspective but I
haven't found anything.  If you have any information or reading that
would be helpful let me know."
I think that it would be fair to say that if I would decrease an asset in my budget it would be an expense (towards something) and if I increased it would go towards income. Regarding a liability much the same if I decreased it would be an expense, and increased it would be "income", although obviously debt. Although, I am no CPA I do not have an "official" answer, but it makes sense to me. In a more simplified way, and the way I think that most people would do a budget count the payments to a liability as an addition to your expenses and the math will roll on from there. 
With all of that said, what are the odds of you adding Liabilities to the report with them impacting expenses. :-) 

Regards,
Andre Powell







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