Closing The Books

John Donnee jdonnee at ec.rr.com
Mon Jan 13 16:09:50 EST 2014


According to the “Help” in the Close Books Menu, it sounds like there is really no reason to close the books if the reports will give you YTD information for this year which is really what I am most interested in.

Does this sound correct?

Thanks
John Donnee

910.622.8111
8422 Emerald Dunes Rd.
Wilmington, NC 28411

On Jan 2, 2014, at 8:07 PM, gnucash-user-request at gnucash.org wrote:

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> Today's Topics:
> 
>   1. RE: Closing Out 2013 (Parker Jones)
>   2. Re: Closing Out 2013 (David Carlson)
>   3. Re: Mortgage/Loan Assistant - bi-weekly loan payments
>      (alessandro basili)
>   4. RE: Closing Out 2013 (Derek Atkins)
>   5. Re: Mortgage/Loan Assistant - bi-weekly loan payments (dmc6000)
>   6. Re: Mortgage/Loan Assistant - bi-weekly loan payments
>      (David Carlson)
>   7. FYI: GnuCash QIF importer Python helper script (my use case:
>      GnuCash Android app) (henning at jacobs1.de)
>   8. Re: Performance on MAC (Alun Champion)
>   9. Current balance is scheduled transaction (Alun Champion)
>  10. Re: Ubuntu Software Center does not have the new version
>      (Cristian Marchi)
>  11. Re: Current balance is scheduled transaction (Derek Atkins)
>  12. Account Errors (Donna Pfeifer)
>  13. Re: Account Errors (Mike or Penny Novack)
>  14. Re: Account Errors (Donna Pfeifer)
>  15. business accounts receivable report problems (Marc Evans)
>  16. Re: business accounts receivable report problems (John Ralls)
> 
> 
> ----------------------------------------------------------------------
> 
> Message: 1
> Date: Fri, 3 Jan 2014 06:21:06 +1300
> From: Parker Jones <zoubidoo at hotmail.com>
> To: Mike Evans <mikee at saxicola.idps.co.uk>, "gnucash-user at gnucash.org"
> 	<gnucash-user at gnucash.org>
> Subject: RE: Closing Out 2013
> Message-ID: <COL126-W816286DA077AB0BB1D118C0CB0 at phx.gbl>
> Content-Type: text/plain; charset="iso-8859-1"
> 
>> From: mikee at saxicola.idps.co.uk
>> On Fri, 3 Jan 2014 04:36:56 +1300
>>> Parker Jones <zoubidoo at hotmail.com> wrote:
>>> It has happened several times that I've added a transaction and inadvertently entered the wrong date, somewhere in the past.  Since there is no undo function, I've had to hunt down the transaction which was a waste of time.  Does this only happen to me?
>>> 
>>> I wonder whether the ability to lock previous years, prohibiting changes in the past, is a feature anybody else would appreciate?  Or at least, a pop-up saying "You are about to add a transaction to a previous year, are you sure Y/N?"
>>> 
>> If you've reconciled your books up to the close of year, (of course you did), and you haven't disabled warnings then that's exactly what does happen.  The warning pop-up I mean.
> 
> Thanks for pointing out that gnucash already does this. Obviously I'm not doing something right, I'll have to look into it.
> 
> 		 	   		  
> 
> ------------------------------
> 
> Message: 2
> Date: Thu, 02 Jan 2014 11:25:01 -0600
> From: David Carlson <david.carlson.417 at gmail.com>
> To: gnucash-user at gnucash.org
> Subject: Re: Closing Out 2013
> Message-ID: <52C5A0ED.9080305 at gmail.com>
> Content-Type: text/plain; charset=ISO-8859-1
> 
> On 1/2/2014 10:55 AM, Mike Evans wrote:
>> On Fri, 3 Jan 2014 04:36:56 +1300
>> Parker Jones <zoubidoo at hotmail.com> wrote:
>> 
>>>> From: warlord at MIT.EDU
>>>> Note that there is not requirement that you Close the Books.  Indeed,
>>>> all this does is zeroize your Income and Expense accounts, rolling them
>>>> up into Equity.  The reports can do that for you already, so all it
>>>> really does is fix up the Chart of Accounts for you to show you
>>>> year-to-date totals.
>>>> 
>>>> One thing it does NOT do is prevent you from entering transactions in
>>>> the past.  
>>> It has happened several times that I've added a transaction and inadvertently entered the wrong date, somewhere in the past.  Since there is no undo function, I've had to hunt down the transaction which was a waste of time.  Does this only happen to me?
>>> 
>>> I wonder whether the ability to lock previous years, prohibiting changes in the past, is a feature anybody else would appreciate?  Or at least, a pop-up saying "You are about to add a transaction to a previous year, are you sure Y/N?"
>>> 
>>> P. Jones
>> 
>> If you've reconciled your books up to the close of year, (of course you did), and you haven't disabled warnings then that's exactly what does happen.  The warning pop-up I mean.
>> 
>> 
> 
> I am not so sure that you get a warning about adding a new transaction
> in a period that has been reconciled, but if you have reconciled, then
> setting a register filter (View > Filter by... )  to exclude reconciled
> transactions should only leave the transactions that you are looking
> for, along with very recent un-reconciled transactions.
> 
> David C
> 
> 
> ------------------------------
> 
> Message: 3
> Date: Thu, 2 Jan 2014 19:18:46 +0100
> From: alessandro basili <alessandro.basili at cern.ch>
> To: <gnucash-user at gnucash.org>
> Subject: Re: Mortgage/Loan Assistant - bi-weekly loan payments
> Message-ID: <52C5AD86.7050705 at cern.ch>
> Content-Type: text/plain; charset="ISO-8859-1"
> 
> Hi David,
> 
> On 1/2/2014 2:07 PM, David Carlson wrote:
> []
>>>> Principal: 14,405.19
>>>> Interest Rate: 4.75%
>>>> Start Date: 11/05/13
>>>> Duration: 36 mos
>>>> All options are unchecked
>>>> Amount: pmt( 0.04750 / 12.00 : 36.00 : 14405.19 : 0 : 0 )
>>>> Frequency: Weekly - every 2 weeks - days - Friday
>>> The pmt formula is wrong, it should be divided by 24 (twice a month) and
>>> elevated to 72 (36*2) to correctly calculate the amount. This has also
>>> an impact on the interest/principal formulas (respectively ipmt/ppmt).
>>> 
>>> I have the same problem and I haven't figured out a way to fix this. I
>>> reported it in this message: "issues with the Mortgage Druid"
> []
>> There are 26 Bi-Weekly payments in most years, depending on the day of
>> the week.
> 
> That is true, my fault in reporting 24 instead, but the issue still
> remains. The formula calculated by the druid is not correct since it
> takes the rate and divides it by the number of months, while it should
> really take the frequency field information.
> 
> Al
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> ------------------------------
> 
> Message: 4
> Date: Thu, 2 Jan 2014 13:42:10 -0500
> From: "Derek Atkins" <derek at ihtfp.com>
> To: "Parker Jones" <zoubidoo at hotmail.com>
> Cc: "gnucash-user at gnucash.org" <gnucash-user at gnucash.org>
> Subject: RE: Closing Out 2013
> Message-ID:
> 	<f4893685b468e96f7e94450995038306.squirrel at mail2.ihtfp.org>
> Content-Type: text/plain;charset=utf-8
> 
> 
> On Thu, January 2, 2014 12:21 pm, Parker Jones wrote:
>>> From: mikee at saxicola.idps.co.uk
>>> On Fri, 3 Jan 2014 04:36:56 +1300
>>>> Parker Jones <zoubidoo at hotmail.com> wrote:
>>>> It has happened several times that I've added a transaction and
>>> inadvertently entered the wrong date, somewhere in the past.  Since
>>> there is no undo function, I've had to hunt down the transaction which
>>> was a waste of time.  Does this only happen to me?
>>>> 
>>>> I wonder whether the ability to lock previous years, prohibiting
>>> changes in the past, is a feature anybody else would appreciate?  Or
>>> at least, a pop-up saying "You are about to add a transaction to a
>>> previous year, are you sure Y/N?"
>>>> 
>>> If you've reconciled your books up to the close of year, (of course you
>>> did), and you haven't disabled warnings then that's exactly what does
>>> happen.  The warning pop-up I mean.
>> 
>> Thanks for pointing out that gnucash already does this. Obviously I'm not
>> doing something right, I'll have to look into it.
> 
> It will pop up if you attempt to modify an existing, reconciled
> transaction.  It will NOT pop up if you create a new transaction with an
> old date.
> 
> HOWEVER if you have reconciled everything you can find it pretty easily by
> opening the errant register and using View -> Filter by... to hide all
> reconciled transactions.  It should show you the errant transaction at the
> top of the register easily.
> 
>> 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                 617-623-3745
>       derek at ihtfp.com             www.ihtfp.com
>       Computer and Internet Security Consultant
> 
> 
> 
> ------------------------------
> 
> Message: 5
> Date: Thu, 2 Jan 2014 10:47:50 -0800 (PST)
> From: dmc6000 <davidmcollins at rogers.com>
> To: gnucash-user at gnucash.org
> Subject: Re: Mortgage/Loan Assistant - bi-weekly loan payments
> Message-ID: <20140102184712.6086803.25503.49 at rogers.com>
> Content-Type: text/plain; charset=us-ascii
> 
> Thanks Al. I suppose modifying the formula will resolve this issue.                                                                                                                                                                                                                                                                           Sent from my BlackBerry 10 smartphone on the Bell network.                                                                                                                                                                                                                                          From: alessandro basili [via GnuCash] Sent: Thursday, January 2, 2014 1:20 PM To: dmc6000 Subject: Re: Mortgage/Loan Assistant - bi-weekly loan payments 
> 
> 	Hi David,
> On 1/2/2014 2:07 PM, David Carlson wrote:
> []
> >>> Principal: 14,405.19
> >>> Interest Rate: 4.75%
> >>> Start Date: 11/05/13
> >>> Duration: 36 mos
> >>> All options are unchecked
> >>> Amount: pmt( 0.04750 / 12.00 : 36.00 : 14405.19 : 0 : 0 )
> >>> Frequency: Weekly - every 2 weeks - days - Friday
> >> The pmt formula is wrong, it should be divided by 24 (twice a month) and
> >> elevated to 72 (36*2) to correctly calculate the amount. This has also
> >> an impact on the interest/principal formulas (respectively ipmt/ppmt).
> >>
> >> I have the same problem and I haven't figured out a way to fix this. I
> >> reported it in this message: "issues with the Mortgage Druid"
> []
> > There are 26 Bi-Weekly payments in most years, depending on the day of
> > the week.
> That is true, my fault in reporting 24 instead, but the issue still
> remains. The formula calculated by the druid is not correct since it
> takes the rate and divides it by the number of months, while it should
> really take the frequency field information.
> Al
> _______________________________________________
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> https://lists.gnucash.org/mailman/listinfo/gnucash-user -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
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> 	
> 		If you reply to this email, your message will be added to the discussion below: 
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> 
> --
> View this message in context: http://gnucash.1415818.n4.nabble.com/Mortgage-Loan-Assistant-bi-weekly-loan-payments-tp4666774p4666802.html
> Sent from the GnuCash - User mailing list archive at Nabble.com.
> 
> ------------------------------
> 
> Message: 6
> Date: Thu, 02 Jan 2014 13:15:50 -0600
> From: David Carlson <david.carlson.417 at gmail.com>
> To: gnucash-user at gnucash.org
> Subject: Re: Mortgage/Loan Assistant - bi-weekly loan payments
> Message-ID: <52C5BAE6.5010102 at gmail.com>
> Content-Type: text/plain; charset=ISO-8859-1
> 
> On 1/2/2014 12:47 PM, dmc6000 wrote:
>> Thanks Al. I suppose modifying the formula will resolve this issue.                                                                                                                                                                                                                                                                           Sent from my BlackBerry 10 smartphone on the Bell network.                                                                                                                                                                                                                                          From: alessandro basili [via GnuCash] Sent: Thursday, January 2, 2014 1:20 PM To: dmc6000 Subject: Re: Mortgage/Loan Assistant - bi-weekly loan payments 
>> 
> I think Al is right that there is a flaw in the Druid.  See
> https://bugzilla.gnome.org/show_bug.cgi?id=103181  also
> https://bugzilla.gnome.org/show_bug.cgi?id=136852  also
> https://bugzilla.gnome.org/show_bug.cgi?id=339566.  Need I say more?
> 
> \david C
> 
> 
> ------------------------------
> 
> Message: 7
> Date: Thu, 02 Jan 2014 20:31:07 +0100
> From: henning at jacobs1.de
> To: <gnucash-user at gnucash.org>
> Subject: FYI: GnuCash QIF importer Python helper script (my use case:
> 	GnuCash Android app)
> Message-ID: <ea0f6a744348babe4db9594d15177c01 at jacobs1.de>
> Content-Type: text/plain; charset=UTF-8; format=flowed
> 
> Hi GnuCash fans,
> 
> I'm using the GnuCash Mobile Android App to track my expenses and I was 
> a bit disappointed with the QIF/OFX import (going to the GnuCash GUI and 
> having to click multiple times). So I wrote a tiny Python helper script 
> to automate QIF->GnuCash import (using the GnuCash Python Bindings). You 
> can find it on Github:
> 
> https://github.com/hjacobs/gnucash-qif-import
> 
> Usage is simple:
> 
>   sudo apt-get install gnucash python-gnucash
>   ./import.py -v -f examples/accounts.gnucash examples/expenses.qif
> 
> I hope someone finds it useful. I just hacked it today -- please report 
> bugs/problems..
> 
> My idea is to use the "Save on SD card" feature of GnuCash Mobile app 
> and automatically import the QIF exports when connecting my smartphone 
> via USB. Automated QIF saves by the GnuCash Mobile app would be a cool 
> new feature.
> 
> BTW: I tested GnuCash 2.6 (from source on Ubuntu 13.10) today and the 
> JS reports look good :-)
> 
> - Henning
> 
> 
> ------------------------------
> 
> Message: 8
> Date: Thu, 2 Jan 2014 09:02:10 -0600
> From: Alun Champion <alun at achampion.net>
> To: Robert Kesterson <robertk at robertk.com>
> Cc: gnucash-user <gnucash-user at gnucash.org>
> Subject: Re: Performance on MAC
> Message-ID:
> 	<CAJ14UFvh2sWOKYf5HMmsQh08-HLGNhTd7nHmHRqOgu63FXWORA at mail.gmail.com>
> Content-Type: text/plain; charset=ISO-8859-1
> 
> I find some parts of 2.6 noticeably slower on the Mac than 2.4.X, like
> the accounts tree, but the reporting is significantly faster. Not sure
> what was changed in 2.6 vs. 2.4 they both use GTK.
> 
> On 2 January 2014 07:22, Robert Kesterson <robertk at robertk.com> wrote:
>> 
>> I have a 2009 Mac Pro and Gnucash does seem slow, but not unreasonably so.
>> It is definitely not as responsive as most other applications, but I still
>> wouldn't characterize it so much as "slow" as just "not snappy".  I suspect
>> it's just that GTK on OSX is slower than on other platforms, and I don't
>> think there's much you can do about it (unless you want to rewrite some of
>> the GTK code).  But I'd be happy to be wrong about that if anyone has
>> suggestions.
>>> 
>>> PeterO <mailto:petero at fotodomain.com>
>>> January 2, 2014 at 12:20 AM
>>> 
>>> Just wanted to check if there is a way getting a better response from the
>>> UI
>>> on Mavericks. I have a high end iMac (i7, 32GB, SSD) so hardware is not an
>>> issue. It is only the UI that is slow, scrolling the account tree,
>>> resizing
>>> etc. Report performance is adequate.
>>> 
>>> I have installed Gnucash under Ubuntu 13/Parallels and it is much faster
>>> there despite going through VM.
>>> 
>>> So if there is anything that can be done, please share,
>>> Peter
>>> 
>>> 
>>> 
>>> --
>>> View this message in context:
>>> http://gnucash.1415818.n4.nabble.com/Performance-on-MAC-tp4666775.html
>>> Sent from the GnuCash - User mailing list archive at Nabble.com.
>>> _______________________________________________
>>> gnucash-user mailing list
>>> gnucash-user at gnucash.org
>>> https://lists.gnucash.org/mailman/listinfo/gnucash-user
>>> -----
>>> Please remember to CC this list on all your replies.
>>> You can do this by using Reply-To-List or Reply-All.
>> 
>> _______________________________________________
>> gnucash-user mailing list
>> gnucash-user at gnucash.org
>> https://lists.gnucash.org/mailman/listinfo/gnucash-user
>> -----
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
> 
> 
> ------------------------------
> 
> Message: 9
> Date: Thu, 2 Jan 2014 09:12:23 -0600
> From: Alun Champion <alun at achampion.net>
> To: gnucash-user <gnucash-user at gnucash.org>
> Subject: Current balance is scheduled transaction
> Message-ID:
> 	<CAJ14UFtO2Y31YWSACb20XkKTmSFhHCpqHDS7ZHV+fsunC-LJGQ at mail.gmail.com>
> Content-Type: text/plain; charset=ISO-8859-1
> 
> It would be great to be able to refer to the current balance of an
> account in the scheduled transactions. I could change my mortgage
> payment to:
> payment = pmt(0.03875 / 12.00 : 360.00 : loan_total : 0 : 0)
> interest = ipmt(0.03875 / 12.00 : 1 : 360.00-i+1: balance : 0 : 0)
> principal = payment - interest
> 
> And I believe this would take into account any additional payments I made.
> 
> 
> ------------------------------
> 
> Message: 10
> Date: Thu, 02 Jan 2014 21:02:01 +0100
> From: Cristian Marchi <cri79 at libero.it>
> To: Karsten Kloss <mail at karsten-kloss.de>
> Cc: gnucash-user at gnucash.org
> Subject: Re: Ubuntu Software Center does not have the new version
> Message-ID: <52C5C5B9.3060400 at libero.it>
> Content-Type: text/plain; charset=UTF-8; format=flowed
> 
> Il 02/01/2014 10:46, Karsten Kloss ha scritto:
>> The *.deb is not working from Debian SID. The software centre reports
>> "broken existing package ..."
>> 
>> I am working with Ubuntu 13.10...
>> 
> Tested right now under ubuntu 13.10.
> You need to uninstall GnuCash 2.4.13 from the software center then 
> install "gnucash 2.6.0 common" first followed by "gnucash 2.6" as 
> downloaded from the pkgs website.
> 
> The new version installs without problems and seems to work as expected.
> 
> You can also wait for getdeb to publish the package in its repository.
> 
> Regards
> Cristian
> 
> 
> ------------------------------
> 
> Message: 11
> Date: Thu, 2 Jan 2014 15:06:01 -0500
> From: "Derek Atkins" <derek at ihtfp.com>
> To: "Alun Champion" <alun at achampion.net>
> Cc: gnucash-user <gnucash-user at gnucash.org>
> Subject: Re: Current balance is scheduled transaction
> Message-ID:
> 	<dcffe969d751175c5200bef312545355.squirrel at mail2.ihtfp.org>
> Content-Type: text/plain;charset=utf-8
> 
> 
> On Thu, January 2, 2014 10:12 am, Alun Champion wrote:
>> It would be great to be able to refer to the current balance of an
>> account in the scheduled transactions. I could change my mortgage
>> payment to:
>> payment = pmt(0.03875 / 12.00 : 360.00 : loan_total : 0 : 0)
>> interest = ipmt(0.03875 / 12.00 : 1 : 360.00-i+1: balance : 0 : 0)
>> principal = payment - interest
>> 
>> And I believe this would take into account any additional payments I made.
> 
> Indeed!  I look forward to your patch to make it so!
> (This issue has been a known wish-list item for a decade)
> 
>> 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                 617-623-3745
>       derek at ihtfp.com             www.ihtfp.com
>       Computer and Internet Security Consultant
> 
> 
> 
> ------------------------------
> 
> Message: 12
> Date: Thu, 2 Jan 2014 13:47:42 -0800 (PST)
> From: Donna Pfeifer <donna32132 at yahoo.com>
> To: "gnucash-user at gnucash.org" <gnucash-user at gnucash.org>
> Subject: Account Errors
> Message-ID:
> 	<1388699262.85256.YahooMailNeo at web120605.mail.ne1.yahoo.com>
> Content-Type: text/plain; charset=utf-8
> 
> This has been my first year of using Gnucash and as I look over the files for 2013, I have found a couple of issues.
> 
> In August I inadvertently posted postage of $6.60 to the imbalance account.?
> 
> What is the easiest way to correct this?
> 
> Towards the end of the year, I was able to pay myself a small amount and I did this using the Equity > Owner?s Draw account. This now shows a negative balance and, to a lesser extent, so does the Equity account.
> 
> Did I do it wrong? How should I correct it?
> 
> Sorry for the newbie questions. I would appreciate your advice.
> 
> Thanks!
> 
> 
> ------------------------------
> 
> Message: 13
> Date: Thu, 02 Jan 2014 17:22:59 -0500
> From: Mike or Penny Novack <stepbystepfarm at mtdata.com>
> To: Donna Pfeifer <donna32132 at yahoo.com>
> Cc: "gnucash-user at gnucash.org" <gnucash-user at gnucash.org>
> Subject: Re: Account Errors
> Message-ID: <52C5E6C3.7070200 at mtdata.com>
> Content-Type: text/plain; charset=UTF-8; format=flowed
> 
> Donna Pfeifer wrote:
> 
>> This has been my first year of using Gnucash and as I look over the files for 2013, I have found a couple of issues.
>> 
>> In August I inadvertently posted postage of $6.60 to the imbalance account. 
>> 
>> What is the easiest way to correct this?
>> 
>> 
> Part of the process (each month or whatever -- I do this when 
> reconciling against the bank statements) is to make sure nothing appears 
> in Imbalance or Orphan. But you ask how to correct. For each transaction 
> appearing here (for example in Imbalance) you can see the other side of 
> that transaction. Go to the transaction there (in that account, you knew 
> the date as well as the account from the transaction in Imbalance) and 
> change the  other side of the transaction from Imbalance to the correct 
> account, in this example case "postage".
> 
> 
>> Towards the end of the year, I was able to pay myself a small amount and I did this using the Equity > Owner?s Draw account. This now shows a negative balance and, to a lesser extent, so does the Equity account.
>> 
>> Did I do it wrong? How should I correct it?
>> 
>> Sorry for the newbie questions. I would appreciate your advice.
>> 
>> Thanks!
>> 
>> 
> Sorry, not enough information. Maybe you didn't do anything wrong 
> (except perhaps to have taken out more money than you should have). In 
> the course of the year, what has happened to your liabilities? Assets = 
> Liabilities + Equity so if your liabilities have increased in drastic 
> fashion Equity could have gone negative. How did you decide how much you 
> could/should draw? Did you first run a "profit and loss"? (aka "Income 
> Statement").
> 
> Michael
> 
> 
> 
> ------------------------------
> 
> Message: 14
> Date: Thu, 2 Jan 2014 15:10:57 -0800 (PST)
> From: Donna Pfeifer <donna32132 at yahoo.com>
> To: "stepbystepfarm at mtdata.com" <stepbystepfarm at mtdata.com>
> Cc: "gnucash-user at gnucash.org" <gnucash-user at gnucash.org>
> Subject: Re: Account Errors
> Message-ID:
> 	<1388704257.81881.YahooMailNeo at web120605.mail.ne1.yahoo.com>
> Content-Type: text/plain; charset=utf-8
> 
> Thanks for your reply.
> 
> I was hesitant to adjust a reconciled transaction without checking first. That took care of the postage.
> 
> As for the other, my company is a new sole proprietorship ?and I have been reinvesting all earnings to acquire needed equipment and supplies until late in the year when I took a little out to make ends meet on my personal bills. My liabilities increased when I bought equipment on credit. Most of that has been paid off with a remaining balance of $847.88. That is my only debt.?
> 
> Equity is showing a balance of -$138.36
> Opening balance was $507.69
> Owner's Draw is -$646.05 for the year.
> 
> The end of year P & L shows a modest profit of $385.42
> 
> Not very impressive, I know. However, after this first year in business, I now have all the equipment I need.
> 
> 
> 
> On Thursday, January 2, 2014 5:22 PM, Mike or Penny Novack <stepbystepfarm at mtdata.com> wrote:
> 
> Donna Pfeifer wrote:
> 
>> This has been my first year of using Gnucash and as I look over the files for 2013, I have found a couple of issues.
>> 
>> In August I inadvertently posted postage of $6.60 to the imbalance account. 
>> 
>> What is the easiest way to correct this?
>> ? 
>> 
> Part of the process (each month or whatever -- I do this when 
> reconciling against the bank statements) is to make sure nothing appears 
> in Imbalance or Orphan. But you ask how to correct. For each transaction 
> appearing here (for example in Imbalance) you can see the other side of 
> that transaction. Go to the transaction there (in that account, you knew 
> the date as well as the account from the transaction in Imbalance) and 
> change the? other side of the transaction from Imbalance to the correct 
> account, in this example case "postage".
> 
> 
> 
>> Towards the end of the year, I was able to pay myself a small amount and I did this using the Equity > Owner?s Draw account. This now shows a negative balance and, to a lesser extent, so does the Equity account.
>> 
>> Did I do it wrong? How should I correct it?
>> 
>> Sorry for the newbie questions. I would appreciate your advice.
>> 
>> Thanks!
>> ? 
>> 
> Sorry, not enough information. Maybe you didn't do anything wrong 
> (except perhaps to have taken out more money than you should have). In 
> the course of the year, what has happened to your liabilities? Assets = 
> Liabilities + Equity so if your liabilities have increased in drastic 
> fashion Equity could have gone negative. How did you decide how much you 
> could/should draw? Did you first run a "profit and loss"? (aka "Income 
> Statement").
> 
> Michael
> 
> ------------------------------
> 
> Message: 15
> Date: Thu, 02 Jan 2014 19:23:03 -0500
> From: Marc Evans <marc at softwarehackery.com>
> To: gnucash-user at gnucash.org
> Subject: business accounts receivable report problems
> Message-ID: <52C602E7.6000707 at softwarehackery.com>
> Content-Type: text/plain; charset=ISO-8859-1
> 
> Hello,
> 
> I am running gnucash-2.6.0 on OSX 10.9.1, installed via the DMG from the
> gnucash site.
> 
> When running Reports > Business > Receivable Aging the reports that
> results shows the wrongs figures, such that many items that should be
> zero at not. When I click on a problem figure trying to figure out
> details of why, a new tab is shown specific to the customer, showing
> that same problem figure in the Total Due, but zeros in both the credits
> and debits columns. If I then:
> 
> 1) Select Report Options
> 2) Select From > Start of previous year
> 3) Select From > Start of accounting period
> 4) Select Apply
> 
> The result is a proper customer report with all zeros.
> 
> Am I somehow not properly using the system or is this a bug?
> 
> Thanks in advance - Marc
> 
> 
> ------------------------------
> 
> Message: 16
> Date: Thu, 2 Jan 2014 17:07:28 -0800
> From: John Ralls <jralls at ceridwen.us>
> To: Marc Evans <marc at softwarehackery.com>
> Cc: GnuCash Users List <gnucash-user at gnucash.org>
> Subject: Re: business accounts receivable report problems
> Message-ID: <6AC2E39F-C3CF-4A89-830C-6AB77EF845E8 at ceridwen.us>
> Content-Type: text/plain; charset=us-ascii
> 
> 
> On Jan 2, 2014, at 4:23 PM, Marc Evans <marc at softwarehackery.com> wrote:
> 
>> Hello,
>> 
>> I am running gnucash-2.6.0 on OSX 10.9.1, installed via the DMG from the
>> gnucash site.
>> 
>> When running Reports > Business > Receivable Aging the reports that
>> results shows the wrongs figures, such that many items that should be
>> zero at not. When I click on a problem figure trying to figure out
>> details of why, a new tab is shown specific to the customer, showing
>> that same problem figure in the Total Due, but zeros in both the credits
>> and debits columns. If I then:
>> 
>> 1) Select Report Options
>> 2) Select From > Start of previous year
>> 3) Select From > Start of accounting period
>> 4) Select Apply
>> 
>> The result is a proper customer report with all zeros.
>> 
>> Am I somehow not properly using the system or is this a bug?
>> 
> 
> To make sure that I understand, you are changing the start of the
> report period to "start of previous year" and then changing it
> back to "start of accounting period", so there's no actual change
> to the options. Is that correct?
> 
> What happens if you do that immediately rather than following
> one of the problem links? How about if you click on the "Reload"
> button in the toolbar?
> 
> Where are the "problem figures" coming from? An earlier accounting
> period?
> 
> Regards,
> John Ralls
> 
> 
> 
> 
> ------------------------------
> 
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> 
> 
> End of gnucash-user Digest, Vol 130, Issue 7
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