[GNC] Modify Balance Sheet report in 4.13?
Michael or Penny Novack
stepbystepfarm at comcast.net
Fri Mar 24 09:13:57 EDT 2023
On 3/23/2023 7:01 PM, Stan Brown wrote:
> I'm setting up a local nonprofit with GnuCash books. It's a bare-bones
> organization, with no liabilities.
>
> When I run a Balance Sheet report in 4.13, there's a final line, "Total
> for Liability and Equity". Of course that's appropriate in most cases,
> but in this case it's redundant with the "Total for Equity" line.
>
> I've tried the Display options that seem appropriate, but haven't found
> any that suppress that line. Is there any way I can modify the report to
> suppress the "Total for Liability and Equity" line?
>
Stan, let me ask you a question. How do you know you will never be
needing to enter one side of a transactions as a liability?
When you say "no liabilities" I imagine that is because there is no
intention of this organization taking out loans, having organizational
credit cards, etc. (even ones NOT used for credit but as "30 day net"
accounts). But obvious things like those cases are not the only things
that result in transactions affecting an account under liabilities. I
will give you a couple examples to think about:
1) The organization is having an "event" for which various supplies will
be needed. As a resident of the town, Tom can rent the town hall at a
lower rate than somebody outside the town can. So he is detailed to do
that. Dick and Harry will be purchasing various supplies needed for the
event, At the event, Tom, Dick, and Harry turn the receipts over to the
Treasurer who writes then checks to pay them back. How would you be
entering all the transactions?
2) The organization is planning a trip and will be collecting from each
person going for their share of the bus/driver rental. The amount needed
for the bus rental deposit is far more than in the organizational
treasury. Mary says, I'll got to the transit company and pay them the
deposit. How did you handle that transaction?
a) Mary says "I will donate the money needed for the bus deposit, but
just fir that purpose, and does that" leaving to you as treasurer to go
to the transit company. How did you handle those transactions?
b) Begins as "a", but the trip ends up being called off and the deposit
is returned. How did you handle that?
Michael D Novack
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