[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
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