Question regarding "REBATE" category.

[David T.]

Actually, his problems are bigger. As I understand it, Credit cards, Accounts Receivable, Accounts Payable, and Current Assets accounts should all be under different top level accounts. Perhaps David would do well to read http://code.gnucash.org/docs/guide/accts-examples1.html, which explains some of the organizing principles that ought to be applied to Gnucash accounts.

David T.



________________________________
 From: Tommy Trussell <tommy.trussell at gmail.com>
To: David Walsh <wnacous at pacbell.net> 
Cc: Derek Atkins <warlord at mit.edu>; gnucash-user at gnucash.org 
Sent: Wednesday, August 29, 2012 2:01 PM
Subject: Re: Question regarding "REBATE" category.
 
On Wed, Aug 29, 2012 at 3:28 PM, David Walsh <wnacous at pacbell.net> wrote:

> Derek,
> Here are a couple of screenshots from the business account in question.
> Hopefully this might shed some light on the situation. Feel free to request
> any others that may help you to understand our dilemma. And thanks for your
> continued assistance.
> Cheers,David.
>
>
Shouldn't a checking account's parent account be Current Assets, just like
your savings account and petty cash accounts are?



> --- On Wed, 8/29/12, Derek Atkins <warlord at MIT.EDU> wrote:
>
> From: Derek Atkins <warlord at MIT.EDU>
> Subject: Re: Question regarding "REBATE" category.
> To: "David Walsh" <wnacous at pacbell.net>
> Cc: gnucash-user at gnucash.org
> Date: Wednesday, August 29, 2012, 6:24 AM
>
> David,
>
> David Walsh <wnacous at pacbell.net> writes:
>
> > Hello Derek,
>
> >
>
> > Appreciate your patience. When I initially set up the account on
> Gnucash, I
> > opted for the "business" account type found under Categories. Then was
> brought
> > to a similar screen as found in the drop-down menu EDIT ACCOUNT. Under
> the
> > "general" tab, I was unclear what to enter into the "Account Name" and
>
> > "Account Code." But at the bottom of the same menu, I chose BANK as the
>
> > Account type and under Parent Account, I chose Bank, then Checking
> Account as
> > the sub-account. On the same menu (and next to the General tab), I went
> to the
> > Opening Balance tab. I entered our starting balance for the year and
> placed
> > the appropriate dates for the tax year (Jan 1 to Dec 31). Then, at the
> bottom
> > of the same menu, under the heading Initial Balance Transfer, I chose
> the "use
> > equity 'Opening Balances' account" option.
>
>
> The Account Name is just that, the name of the account.  For example
> "SunTrust Checking".  The Code you can leave blank.
>
> > I'm hoping that, by explaining what I did during the initial start-up of
> the
> > account, you might find the obvious flaw in my brilliant choice making
>
> > process! And thank you again for any assistance you might be able to
> provide,
> > cheers.
>
>
> Nope, not helping at all.  If you chose Bank then the headings should be
> Deposit and Withdrawal.  Maybe you could post a screen shot?
>
> My questions are:
>
> a) What account register do you have open?  and
> b) What is the *type* of that account?
>
> You claim it's a Bank, but are you sure you're opening that bank account
> register?  Can you show us what you are seeing?
>
> > Respectfully,
>
> > David.
>
>
> -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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