[GNC] Is it reasonable to have sub-accounts under Equity:Fixed Assets?

[R Losey]

One could track the individual assets and depreciation in a spreadsheet and
then, using GnuCash, use a general depreciation entry to cover all of them.

My recollection from the OP is that his accountant would provide the
depreciation information; he was asking about how to properly enter it into
GnuCash.


On Tue, Jan 17, 2023 at 5:27 PM Stan Brown (using GC 2.6.19) <
stan+gnucash at fastmail.fm> wrote:

>
> On 2023-01-17 13:53, Liz Dodd wrote:
> > On Tue, 17 Jan 2023 17:47:13 -0000
> > "Fred Bone" <Fred at mandfb.me.uk> wrote:
> >
> >> While you could use SXs, given that you (presumably) know exactly
> >> what the depreciation schedule is for each item, you could equally
> >> well enter all the future amounts now. It's arguably simpler than
> >> setting up the SXs.
> >
> >  +1
> > As every item can belong on a different depreciation schedule I do them
> > all after purchase until value zero, then I am not trying
> > to work out which percentage or any other variable in the future. I
> > just note my method so that the accountant can check I was choosing the
> > correct rate.
>
> +1 to both
>
> If I recall correctly, the OP said that he doesn't need to submit
> depreciation for individual assets to the authorities, only an
> aggregate. If that's correct, I would consider a spreadsheet, which will
> be faster than entering transactions.
>
> Stan Brown
> Tehachapi, CA, USA
> https://BrownMath.com
> _______________________________________________
> 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
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>


-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8