[GNC] help setting accounts to track contributions
Adrien Monteleone
adrien.monteleone at lusfiber.net
Sat May 5 12:18:23 EDT 2018
I would think, for the OPs original purpose, a variation of something
like what is described here:
https://wiki.gnucash.org/wiki/Using_GnuCash#GnuCash_on_Holidays_with_yo
ur_friend, would be the easiest to implement and keep up with—no income
considerations at all.
Regards,
Adrien
On May 5, 2018, at 8:06 AM, Mike or Penny Novack
<stepbystepfarm at dialup4less.com> wrote:
On 5/4/2018 9:24 AM, Matthew Pounsett wrote:
This doesn't sound straightforward at all. What's complicated about
treating joint contributions to the household coffers as "income" to
the household? Treating that income as ever-increasing equity would
confuse P&L and cashflow calculations, wouldn't it?
AS DESCRIBED this apartment/house partnership has no income. The P&L
report not so strange if you consider some of the alternative names
for this report that not or profit entities use. Thus "Income and
Expenses" except that as described, no income.
BUT --- there COULD be income. Let's say that this were a house or
large apartment, and in addition to the partners living there and
sharing expenses they sometimes rented out a room to a non-partner.
THAT would be income to the partnership.
BTW -- there might be other, actual business partnerships, even ones
intended to make a profit, that initially and perhaps for some time
would have no income. Imagine a partnership that came together for
the purpose of buying some real estate with currently un-inhabitable
buildings, fixing this up, and later selling it for a profit. Could
be a project that took a couple of years to complete. Do you not see
that pretty much until the end there would be no income?
Michael D Novack
_______________________________________________
gnucash-user mailing list
gnucash-user at gnucash.org
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
If you are using Nabble or Gmane, please see
https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
More information about the gnucash-user
mailing list