Creative accounting

[Jack Halem]

Accounting Questions Are Beyond the Scope of the Users Group.
I needed an answer this week and contacted a Qualified Tax Person
Also, there are books and other materials available for these questions.
It is unfair to clog my mail box with email that is truly more like Spam.
I am a returning user of Gnu Cash - as I was like some of the current 
users - I wanted everything - but then I realized that this is a free 
program and is supported by unpaid volunteers.  I think it is 
disrespectful to ask the volunteers or your fellow users for these kind 
of questions.  You not anyone else is responsible for your taxes and such.
Myself found GNU Cash extremely difficult to use - than I bought a book 
for GNU Cash and after a lot of reading and reading - I began to become 
a successful user.  I am still learning - by learning I know what to do 
- and am not clogging up other users mail boxes - except for this one 
email - for which I apologize
Jack
On 10/02/2013 08:06 AM, Derek Atkins wrote:
> Mike or Penny Novack <stepbystepfarm at mtdata.com> writes:
>
>>>   The issues was how to take the Rent: Business and pass to the AR:
>>> Client so that it would reduce the overall receivable so that is
>>> would be my billed time - Rent: Business and that would reflect
>>> properly.
>>>
>>> So the questions was one of professional advice, but more an issue
>>> of how to encode the information in GC.
>> I'm afraid you didn't understand the gist of my questioning the
>> propriety of answering your question.
>>
>> No, I cannot tell you whether that rent is a business expense or a
>> personal expense (according to the rules of the jurisdictions to which
>> you pay taxes) nor whether or how you might use "creative accounting"
>> to change how appeared in your books as opposed to how should
>> appear. Certainly not going to make suggestions about that in a public
>> forum.
>>
>> Understand now? You are working for somebody and they want to pay you
>> partly in cash and partly by giving you a discount on your rent. To me
>> that means you have questions way beyond "how do I enter using
>> gnucash?". To me the first questions to be asked are about how you
>> might want to make the transactions appear to the tax man.
> My suggestion would be to record the full invoice for the full amount;
> then you can "Process Payment" for the Rent, and then send a printout of
> the Invoice that includes payments (or you can send the Invoice along
> with a Customer Report).  Note that IANAA so this is not accounting or
> tax advice.
>
>> Michael
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
> -derek
>