[GNC-dev] [GNC] Recording dividend payoffs
Frank H. Ellenberger
frank.h.ellenberger at gmail.com
Wed Apr 17 11:07:13 EDT 2019
the issue is not about reports or accounts, but the term "retained
earnings". While for the "normal" private user (and our original
programmers) it may be seen as synonym for "net income", for business
users it is more specific: The amount of the net income, which is for
several reasons (juristic, ...) transferred to the next period.
Example: There is a pending discussion with a client about the quality
of our sold product. He claims his money back.
IMHO we should rename, what currently is called "retained earnings" in
GnuCash to "net income". I have no specific opinion about the account
names in our english and norsk templates .
My estimation is based on
https://en.wikipedia.org/wiki/Retained_earnings: The retained earnings
of a corporation is the accumulated net income of the corporation that
is retained by the corporation at a particular point of time, such as at
the end of the reporting period. ...
the part of a company’s profit in a particular period that it decides to
keep, rather than paying it to shareholders as a dividend
Am 17.04.19 um 01:24 schrieb John Ralls:
> No, just you. This is real simple: GnuCash provides two ways to account for reporting retained earnings, including dividends. I'm not asking you to do anything, I'm telling you how GnuCash works. Either you use one of those two ways or you use a different accounting program.
> John Ralls
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