Reports will not show income accounts

[Walter Sams]

On Sunday 16 December 2007 9:31:38 am Mike or Penny Novack wrote:
> >I then open the options on the report and select all assets
>
> Walter, your problem might have nothing to do with GnuCash but instead
> with accounting concepts
>
> "income" accounts would NOT be "asset" accounts. In other words, this is
> a wrong chart of accounts "assets:income:Salary". Instead, "salary"
> should be of account type "income" (a temporary category. 

VOILA,  in lies the problem  (  it is not GNU cash )

the user  ( me )  set up all income accounts under asset  ( why---dont know, 
just thought I would change 700 years of accounting principals)
when I corrected the setup of income accounts my reports begin to make sense
I am in the process of using the help tool to check all accounts for setup 
issues.

Thank you all 

Walter


Let's say you
> have just received a paycheck. The transaction recording that might
> debit your checking account (the asset type account where you deposited
> your paycheck) and credit your salary account (an income account,
> technically a temporary account of type "equity" --- at the end of the
> accounting period the temporary income and expense accounts are closed*
> into equity). The only "standing" accounts (permanent accounts) are of
> types asset, liability, and equity.
>
> Might I suggest you use the tutorial to go over "accounting concepts".
> GnuCash is an accounting TOOL. Use of a tool doesn't relieve you of
> understanding the basics. It's a lot easier (a lot less work) to use an
> autoposting system like GnuCash than to post entries by hand the old
> fashioned way pen and ink on paper -- but you still have to understand
> the basics. If the tutorial doesn't prove to be enough, you'll need to
> read some books on basic accounting concepts.
>
> Michael D Novack
>
> * AFAIK the "autoclose" function of GnuCash does not yet exist. One of
> the things I suspect I might get drafted to create for assuming my
> organization approves using GnuCash.



-- 
Walter Sams
cell ph 706-255-6335
ph  706-534-2251
email walter at samsco.biz