[GNC] [GNC-dev] Recording dividend payoffs

[John Ralls]

Justin,

It's very simple: I've many years of experience with both accounting and GnuCash. I've run a company which paid dividends and used GnuCash to account for it. It works fine the way it is, it just doesn't work the way you want to use it. Too bad.

Then there's your admission to Maf:
> 
> On Apr 16, 2019, at 5:37 AM, Justin Mathew via gnucash-devel <gnucash-devel at gnucash.org> wrote:
> 
> Yes, I read this suggestion in gnu tutorial and concepts manual few hours ago infact. I am new to accounting to be honest. Just learning it with a fictitious company and transactions.
> 


Regards,
John Ralls


> On Apr 17, 2019, at 12:55 AM, Justin Mathew via gnucash-devel <gnucash-devel at gnucash.org> wrote:
> 
> And John,
> 
>> Justin,
>> 
>> No, just you. This is real simple: GnuCash provides two ways to account for reporting retained earnings, including dividends. I'm not asking you to do anything, I'm telling you how GnuCash works. Either you use one of those two ways or you use a different accounting program.
> 
> We've been over this. And I am telling you again that how GnuCash handles dividends isn't the right way. Recording dividends as an expense is technically wrong. It doesn't decrease the equity. And dividends can be paid and recorded correctly without closing the books in today's age.
> 
> I am just surprise how reluctant you are to acknowledge that there is an issue with the current system and to discuss a possible solution. You're impossible man!
> 
> -
> Regards,
> Justin Mathew
> mjustin at protonmail.com