[GNC] [GNC-dev] Interest

[Adrien Monteleone]

Hamid,

This certainly looks like a usage issue to me. Perhaps you are misunderstanding a prior response.

If you need to set up non-interest bearing loans, use the Scheduled Transaction feature.

If the loan you need to set up is interest-bearing, then use the Mortgage Assistant.

Both types of loans are currently possible. One is not favored over the other.

Non-interest loans don’t need a special calculator.

Interest-bearing loans do, so one was created and included.

The loan feature doesn’t ‘aggregate’ all of your loans into one place. It’s just a special calculator.

The loan ‘lives' in a liability account.

The same is true for non-interest loans set up with the Schedule Transaction editor, as well as for loans you manually manage in the general journal without any special tools.

There’s no need to re-design the software or to create a special non-interest loan feature because this is already possible with the current functionality, just not the functionality you were trying to use.

Regards,
Adrien

> On Dec 11, 2018, at 10:07 PM, Hamidreza Jafari <hamidrjafari at gmail.com> wrote:
> 
> I didn't follow Michael D Novack. Though I can clarify on some issues that 
> were mentioned.
> 
> 1 - Translation is not complete, my usage of the app is not exhaustive to try 
> its ins and outs. I questioned if GnuCash is built with the mindset of priming 
> interest over non-interest. The string I mentioned has either redundant 
> information or contradicting information.
> 
> 2 - I do not intend to draw lines but rather to question the line itself. That 
> way agreement is facilitated or disagreement shows its hidden points of 
> conflict.
> 
> 3 - If GnuCash has a part dedicated to loans, a user would be happy to have 
> all info about his loans under a Loans section rather than keeping notes to 
> himself in roundabout ways. Accounting is a form of bookkeeping but usage of 
> computing machines has provided some nifty features not possible with books. I 
> talked about extending and refactoring to provide support if missing. This is 
> about development not usage.
> 
> Hamid
> 
> On چهارشنبه ۱۲ دسامبر ۲۰۱۸ ۰:۴۱:۰۸ (+0330) Frank H. Ellenberger wrote:
>> Hello Michael,
>> 
>> Am 11.12.18 um 16:32 schrieb Michael or Penny Novack:
>>> On 12/11/2018 7:05 AM, Hamidreza Jafari wrote:
>>>> Enter the annual interest rate in percent. Accepts values from 0.001 -
>>>> 100.
>>>> The Mortgage Assistant does not support zero-interest loans.
>>>> 
>>>> What's the situation?
>>>> 
>>>> Hamid
>>> 
>>> Needed for more than just Islam BUT perhaps this belongs in the "user"
>>> discussion as maybe no programming involved.
>> 
>> If one of our translators comes up with such a question, there might -
>> not must - something be suboptimal with our MsgIds, their documentation
>> or our user doocumentation.
>> 
>>> You would need/use the "mortgage assistant" only for an amortizing loan
>>> WITH interest. Just because you might be thinking of a loan as for the
>>> same purpose as a mortgage (buying a house, etc.) does not make it one
>>> as the term is being used in gnucash.
>> 
>> I would go further than Hamid. If you see the deposit facility rate at
>> https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_r
>> ates/html/index.en.html
>> 
>> it is time to drop the restriction and allow zero and negative interest
>> rates.
>> 
>>> Put your question on the other list as a "how do I do in gnucash"
>>> spelling out ALL of the conditions of this loan. I'm not a Muslim but do
>>> have an understanding of some of the forms of "no interest" loans and so
>>> understand that while no interest MAY be conditions of "profit sharing"
>>> if the property involved is sold before the loan paid off. Or in the
>>> condition of losses if not forbidden as "iron sheep" contracts << that's
>>> just to show you I do know something about traditional societies >>
>>> 
>>> Michael D Novack
>> 
>> ~Frank
>> 
>> _______________________________________________
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>> gnucash-devel at gnucash.org
>> https://lists.gnucash.org/mailman/listinfo/gnucash-devel
> 
> 
> 
> 
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