[GNC-dev] Interest

[David T.]

Hamid,
I cannot comment on Michael's points; however, I think the point that others are making is that the loan assistant is meant to assist users in setting up *transactions* for an interest-bearing loan. 
Account setup-- including whether an account is classed as a liability-- is separate from how the transactions are handled. If you have a loan, you will put it as a liability and see it there in your chart of accounts. 
There is no bias against non-interest loans; there just is no reason to accommodate them in this assistant. Adding a note in the documentation-- perhaps in the wiki on the FAQ or on "Using Gnucash" pages might help others understand this. 
David
 
 
  On Wed, Dec 12, 2018 at 9:38, Hamidreza Jafari<hamidrjafari at gmail.com> wrote:   I didn't follow Michael D Novack. Though I can clarify on some issues that 
were mentioned.

1 - Translation is not complete, my usage of the app is not exhaustive to try 
its ins and outs. I questioned if GnuCash is built with the mindset of priming 
interest over non-interest. The string I mentioned has either redundant 
information or contradicting information.

2 - I do not intend to draw lines but rather to question the line itself. That 
way agreement is facilitated or disagreement shows its hidden points of 
conflict.

3 - If GnuCash has a part dedicated to loans, a user would be happy to have 
all info about his loans under a Loans section rather than keeping notes to 
himself in roundabout ways. Accounting is a form of bookkeeping but usage of 
computing machines has provided some nifty features not possible with books. I 
talked about extending and refactoring to provide support if missing. This is 
about development not usage.

Hamid

On چهارشنبه ۱۲ دسامبر ۲۰۱۸ ۰:۴۱:۰۸ (+0330) Frank H. Ellenberger wrote:
> Hello Michael,
> 
> Am 11.12.18 um 16:32 schrieb Michael or Penny Novack:
> > On 12/11/2018 7:05 AM, Hamidreza Jafari wrote:
> >> Enter the annual interest rate in percent. Accepts values from 0.001 -
> >> 100.
> >> The Mortgage Assistant does not support zero-interest loans.
> >> 
> >> What's the situation?
> >> 
> >> Hamid
> > 
> > Needed for more than just Islam BUT perhaps this belongs in the "user"
> > discussion as maybe no programming involved.
> 
> If one of our translators comes up with such a question, there might -
> not must - something be suboptimal with our MsgIds, their documentation
> or our user doocumentation.
> 
> > You would need/use the "mortgage assistant" only for an amortizing loan
> > WITH interest. Just because you might be thinking of a loan as for the
> > same purpose as a mortgage (buying a house, etc.) does not make it one
> > as the term is being used in gnucash.
> 
> I would go further than Hamid. If you see the deposit facility rate at
> https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_r
> ates/html/index.en.html
> 
> it is time to drop the restriction and allow zero and negative interest
> rates.
> 
> > Put your question on the other list as a "how do I do in gnucash"
> > spelling out ALL of the conditions of this loan. I'm not a Muslim but do
> > have an understanding of some of the forms of "no interest" loans and so
> > understand that while no interest MAY be conditions of "profit sharing"
> > if the property involved is sold before the loan paid off. Or in the
> > condition of losses if not forbidden as "iron sheep" contracts << that's
> > just to show you I do know something about traditional societies >>
> > 
> > Michael D Novack
> 
> ~Frank
> 
> _______________________________________________
> gnucash-devel mailing list
> gnucash-devel at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-devel




_______________________________________________
gnucash-devel mailing list
gnucash-devel at gnucash.org
https://lists.gnucash.org/mailman/listinfo/gnucash-devel