How to get summary journal entries
Wm
wm_o_o_o at yahoo.co.uk
Sat Mar 3 05:35:29 EST 2018
On 28/02/2018 23:24, Stefan Riha wrote:
> I'm a beginner and I'd like to examine how sales and expenses change assets
> and liabilities (a.k.a ."summary journal entry", see e.g. Accounting
> workbook for dummies by J. Tracey, link to google books below).
cash sale or sale on account ?
expense on account or cash purchase ?
> I found that the cash flow report almost gets me there, but not quite. If I
> choose the income accounts I'm interested in, it lists the affected assets,
> but it doesn't show how much each income account is contributing
> individually (if I understand correctly, the sum of selected income
> accounts should then equal the difference between "Money In" and "Money
> Out".)
Not really.
> Is there a way to get summary journals in gnucash?
Probably, but no one really does that these days.
> If not, would it be easy to implement this in the existing cash flow
> reports?
I wouldn't bother.
> Thanks for your help!
I sometimes disagree with AdrienM but he has actually given you a superb
response. Read it.
The main problem is, I think, that you are trying to translate manual
bookkeeping into computerised accounting and not understanding that if
they translated directly one or the other would be redundant :)
In computerised double entry computing you just make sure the
transaction is balanced, it is best if you get it right first time but
you can always fix it later.
*then* you report income and expenditure, your balance sheet and
whatever else may be required by management.
--
Wm
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