Self loan

Fri Dec 19 12:21:09 EST 2008

Thanks Mike (or Penny).

The issue I have with negative reserve accounts is not that they could go negative (in fact they don't), is that to know how much left is to pay or even how much I have to pay to eliminate the "loan" is that I have to manually verify how big the loan was or the pending part of it is. I am currently doing this, but I would like to be able to see, like when using liabilities that the "loan" amount left is decreasing over time.

I will see about using the interest paid sub account.  

Thank you

--- On Thu, 12/18/08, gnucash-user-request at gnucash.org <gnucash-user-request at gnucash.org> wrote:

Message: 11
Date: Thu, 18 Dec 2008 07:22:34 -0500
From: Mike or Penny Novack <stepbystepfarm at mtdata.com>
Subject: Re: Self loan
To: fabianhm at yahoo.com
Cc: gnucash-user at gnucash.org
Message-ID: <494A408A.6000406 at mtdata.com>
Content-Type: text/plain; charset=ISO-8859-1; format=flowed

Fabian Hernandez wrote:

>Merry Christmas!
>
>I wanted to create a saving habit for expenses in the future rather than
financing them.  
>To do that I created sub-accounts under my savings account, one for each
expected future expense.
>
>Recently one of those expenses presented before expected, I decided to lend
my self some money. In reality the money does not move when I take self load, as
they are all in the same bank account, but I would like to find a way to record
(as best or as orthodoxically as possible).  I would like to charge interests to
myself and be able to record payments.  I though about opening a liability
account with the interest calculated beforehand (added to the loan amount), but
registering payments does not work as money never really leaves my savings
account when I pay my self-loan.
>  
>
You are creating "reserve accounts" as sub accounts of your savings. 
Nothing says that the balance of these necessarily has to be positive. 
That answers your "loan" part of the question. I have no idea how 
GnuCash will SHOW the negative asset account in your balance sheet 
(whether as a negative asset or a positive liability).

You want to record "interest"? Two different issues here.

1) Interest received from yourself. It's not "income". Just
create 
another sub account in savings. As you make a bank deposit that is a 
"payment" on this "loan", a portion goes here and a portion
goes toward 
bringing the balance of the negative reserve back up.

2) Interest you owe (did not pay) is not an expense. Makes the reserve 
account more negative and the uncommitted savings more positive (you 
just "borrowed" more.

The purpose of accounting is to be able to see what you are doing. A 
separate sub account under savings for "self interest" will show you
the 
total that you charged yourself.

Michael

------------------------------

Message: 12
Date: Thu, 18 Dec 2008 06:12:32 -0800
From: Andrew Sackville-West <andrew at swclan.homelinux.org>
Subject: Re: Self loan
To: gnucash-user at gnucash.org
Message-ID: <20081218141232.GD920 at localhost.localdomain>
Content-Type: text/plain; charset="us-ascii"

On Thu, Dec 18, 2008 at 07:22:34AM -0500, Mike or Penny Novack wrote:
> Fabian Hernandez wrote:
> 
> >Merry Christmas!
> >
> >I wanted to create a saving habit for expenses in the future rather
than financing them.  
> >To do that I created sub-accounts under my savings account, one for
each expected future expense.
> >
> >Recently one of those expenses presented before expected, I decided to
lend my self some money. In reality the money does not move when I take self
load, as they are all in the same bank account, but I would like to find a way
to record (as best or as orthodoxically as possible).  I would like to charge
interests to myself and be able to record payments.  I though about opening a
liability account with the interest calculated beforehand (added to the loan
amount), but registering payments does not work as money never really leaves my
savings account when I pay my self-loan.
> >  
> >
> You are creating "reserve accounts" as sub accounts of your
savings. 
> Nothing says that the balance of these necessarily has to be positive. 
> That answers your "loan" part of the question. I have no idea
how 
> GnuCash will SHOW the negative asset account in your balance sheet 
> (whether as a negative asset or a positive liability).

a negative liability.

A
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Message: 13
Date: Thu, 18 Dec 2008 06:19:13 -0800
From: Andrew Sackville-West <andrew at swclan.homelinux.org>
Subject: Re: GC for Ecuador?
To: gnucash-user at gnucash.org
Message-ID: <20081218141913.GE920 at localhost.localdomain>
Content-Type: text/plain; charset="us-ascii"

On Tue, Dec 16, 2008 at 06:11:55PM -0500, Frank Marion wrote:
> 
> On 2008-12-16, at 1:06 PM, Steve J wrote:
> > I'm at an eco-lodge in Ecuador where the owners use pen and paper

> > bookkeeping except for mayroll, which they do with Quickbooks. The  
> > lodge has a dozen employees and the owner says that the tax  
> > situation in Ecuador makes using Quickbooks for bookkeeping  
> > inpractical. I've been using GC for personal finace for several  
> > years but does anyone have any idea as to whether it would be  
> > reasonable for me to encourage them to try it out here. The current  
> > system looks awward, not awfully useful and primitive.
> 
> 
> I can't speak as to whether GC is good for doing payroll, I've
always  
> operated on a per-contract basis. I have successfully used GC for  
> personal finances, and my business, and have been quite happy with
> it.

there is no payroll feature in gnucash. That said, recording the
*results* of payroll transactions works just fine. I've done it twice
a month for years. I calculate my payroll expenses and liabilities in
a spreadsheet, present the results in a .qif file and import that into
the register. I record all the required information in two
transactions. The first, the actual payroll txn, records my employer labor
expenses, my employer tax and benefit expenses, deduction of employee
tax and other expenses and collects everything into various liability
accounts. This txn is recorded into an "employee payables" liability
account. When the actual paycheck is written, it credits my checking
account and debits the liability (I think I got that order right). 

WOrks just fine and I can see at anytime what my outstanding payroll
related liabilities are, as well as get meaningful information about
payroll expenses from the regular income statement. 

hth

A
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Message: 14
Date: Thu, 18 Dec 2008 09:25:33 -0500
From: Derek Atkins <warlord at MIT.EDU>
Subject: Re: Finance::Quote logging
To: Zoltan Levardy <zoltan at levardy.org>
Cc: gnucash-user at gnucash.org
Message-ID: <sjmvdthwof6.fsf at pgpdev.ihtfp.org>
Content-Type: text/plain; charset=us-ascii

Zoltan Levardy <zoltan at levardy.org> writes:

> hi,
>
> can i ask gnucash to log perl activities? I have made a new module, and 
> one particular security seams hanging it. Any idea how can i debug it?

Use gnc-fq-dump?

> thank you

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek

-- 
       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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