Net assets

Andrew Sackville-West andrew at farwestbilliards.com
Fri Apr 22 19:53:09 EDT 2005 


Andrew Dunkin wrote:
> Thanks for all the detailed help Derek.
> I am new to using an internet forum of this type.
> Q1) Would I be correct in saying that this type of forum is defined as a
> "user group"?

mailing list, listserv, user list, those-really-helpful-folks-at... 
whatever.

> I received the message about CCing the GnuCash user list with replies,
> this leads me to believe I need to educate myself on how such "user
> groups(?)" operate. Any hints regarding, or references to how these
> forums work generally would be helpful.
> 
> I noticed that the first few times you responded to my emails and I
> replied by selecting "reply to sender" in my mail program's GUI, an
> email was sent to you at your personal email address. However when
> selecting "reply to sender" for your last email, my mail program placed
> <gnucash-user at gnucash.org> in the "To:" field.
> Even though my mail program lists your personal email address as the
> sender of the last email I received, my "reply to sender" button placed
> the <gnucash-user at gnucash.org> address in the "To:" field this time.
> Q2) How did you make this happen?
> Q3) Should I have been replying to <gnucash-user at gnucash.org> each time
> I responded OR replying to your personal email address AND CCing the
> reply to <gnucash-user at gnucash.org>?

You should definitely cc: or reply-to gnucash-user at gnucash.org so that 
everyone can pitch in to help and we all benefit from the results. PLus 
then the messages get recorded in the archives thereby creating a kind 
of documentation of the project. I usually just click "reply all" then 
the sender gets a direct response and the list gets one as well. This is 
probably, now that I think about it, a problem as then there are two 
copies floating around. hmm... when in doubt, send to the list.

> Andrew
> 
> 
>>>>warlord at MIT.EDU 04/20/05 11:52 AM >>>
> 
> 
> PLEASE CC THE GNUCASH-USER LIST ON ALL REPLIES!!!!!
> 
> "Andrew Dunkin" <Andrew.Dunkin at fire.nsw.gov.au> writes:
> 
> 
>>Thanks again,
>>Would it then be correct to say that GNUcash does not look upon an
> 
> asset
> 
>>in the form of a commodity as having $ value, and that only cold hard
>>cash in the bank is counted towards "Net Assets $"? This seems
>>counterintuitive to me (a non accountant). A stock has a $ value as
> 
> far
> 
>>as I can see.
>>Andrew
> 
> 
> No, it would not be correct to say that.  It would be correct to say
> that the Net Assets bar only looks at one commodity at a time and
> ignores everything else.  It's not telling you your current net worth,
> it's telling you how many assets you have OF A PARTICULAR COMMODITY.
> It tells you how many USD, AUD, CAD, or shared of SUNW you have, and
> that is all it does.
> 
> -derek
> 
> 
>>>>>Derek Atkins <warlord at MIT.EDU> 04/19/05 11:48 PM >>>
>>
>>Please cc: gnucash-user on your replies...
>>
>>If you read closely, the "Net Assets" really says "Net Assets $"
>>meaning it's the total Net USD Assets.  Or, in your case, Net AUD
>>Assets.
>>
>>-derek
>>
>>"Andrew Dunkin" <Andrew.Dunkin at fire.nsw.gov.au> writes:
>>
>>
>>>Thanks Derek,
>>>I understand what you are saying however the "Net Assets" value does
>>
>>not
>>
>>>seem to be meaningful if the value of all assets held in the form of
>>>stocks is excluded from it's calculation. I can click through the
> 
> drop
> 
>>>down list as you described and view the value of each commodity in
>>>isolation but I don't understand the value of this. My question was
>>>prompted by the fact that the  "Net Assets" bar usually shows me to
> 
> be
> 
>>>"in the red", when in fact due to stocks held I am comfortably "in
> 
> the
> 
>>>black". I have prices for all stocks configured and the $ value of
>>
>>each
>>
>>>holding is shown correctly in the accounts window under the "Total
>>>(Report)" heading. I also don't see where currency exchange issues
>>
>>come
>>
>>>into it. It seems odd to me that all assets excepting commodities are
>>>used in calculation of ones "Net Assets".
>>>Regards
>>>Andrew Dunkin 
>>>
>>>
>>>>>>Derek Atkins <warlord at MIT.EDU> 04/19/05 12:13 AM >>>
>>>
>>>The Net Assets bar shows you the total assets in each commodity.
>>>Click on it and it will let you choose which commodity you want
>>>to see.  It does not use exchange rates to compute the value
>>>in your locale currency as you seem to expect it would.
>>>
>>>-derek
>>>
>>>andrew <andrew.dunkin7424 at fire.nsw.gov.au> writes:
>>>
>>>
>>>>Immediately below the GUI menu buttons near the top of the Accounts
>>>
>>>window is a
>>>
>>>>small section that shows calculated values for "Net Assets" &
>>>
>>>"Profits". It
>>>
>>>>appears that the calculation of the figure shown here for "Net
>>
>>Assets"
>>
>>>does not
>>>
>>>>take into account any "Investment" asset values, such as stocks and
>>>
>>>mutual fund
>>>
>>>>units. The value of such assets appears to be excluded from the
>>>
>>>calculation of
>>>
>>>>this "Net Asset" value. Is this correct and if so why are the values
>>>
>>>of stocks
>>>
>>>>etc not included in the calculation of the "Net assets" figure shown
>>>
>>>beneath the
>>>
>>>>GUI menu buttons?
>>>>
>>>>_______________________________________________
>>>>gnucash-user mailing list
>>>>gnucash-user at gnucash.org
>>>>https://lists.gnucash.org/mailman/listinfo/gnucash-user
>>>>
>>>>
>>>
>>>-- 
>>>       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>>>       Member, MIT Student Information Processing Board  (SIPB)
>>>       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>>>       warlord at MIT.EDU                        PGP key available
>>>
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>>>
>>
>>-- 
>>       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>>       Member, MIT Student Information Processing Board  (SIPB)
>>       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>>       warlord at MIT.EDU                        PGP key available
>>
>>
>>
> 
>

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