Can I set a start date 25th?

Alex Aycinena alex.aycinena at gmail.com
Sat Nov 5 16:00:59 EDT 2011


> ---------- Forwarded message ----------
> From: Liz <edodd at billiau.net>
> To: gnucash-user at gnucash.org
> Date: Sat, 5 Nov 2011 15:59:43 +1100
> Subject: Re: Can I set a start date 25th?
> On Fri, 4 Nov 2011 14:42:54 -0700 (PDT)
> hoohoo <urisan73 at gmail.com> wrote:
>
>> No, I am not talking about a scheduled transaction.
>>
>> I talked about "Edit/Preferences/Accounting Period/Start
>> Date/Relative"
>>
>> Now I cannot select 25th day as Start date in Relative, no Absolute.
>>
>> It is good that Start date is 25th day every month, because of 25th
>> is my salary day.
>>
>> If someone's salray day is 10th, he want that 10th is Start date.
>>
>>
>>
>
> The start date is an annual event, prescribed by your government
> through its taxation arm.
>
> In Australia it is 1st July
> In UK it is 6th April
> In USA it is 1st October
>
>
These may be the governments' own fiscal calendar start dates but they
in no way are imposed on private accounting entities. One is free to
choose an accounting period that makes sense for the entity. You may,
however, have to conform to taxation filing periods that are different
than your accounting period for submitting returns and paying taxes;
and if you pay in multiple taxing jurisdictions, they each could have
different periods. But this another matter. You simply need to be able
to convert back and forth.

It's the same thing with all accounting rules or policies in general:
the fact that a taxing authority may impose a given rule or policy
does not require you to use it for your own private accounting
purposes. You simply need to be able to convert from yours to theirs
and back again. with an 'audit trail'.

Sometimes, based on the comments made on the list, I think people
loose track of this distinction.



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