[GNC] [newbie] how to treat a gift?

[Gyle McCollam]

Don't forget on the paycheck, you also have to debit all the withholding accounts as well. Your salary is more than what cited to your checking out savings account.



Sent from Samsung Galaxy smartphone.



-------- Original message --------
From: David Warren <david at warren1.net>
Date: 9/3/24 3:21 PM (GMT-05:00)
To: Boniforti Flavio <boniforti.f at gmail.com>
Cc: gnucash-user at gnucash.org
Subject: Re: [GNC] [newbie] how to treat a gift?

Hi.  EVERY Gnucash entry is DOUBLE ENTRY.

But you've answered your own question.

Debit Assets:Current Assets:Checking Account for $100
Credit the income account of your choice but Income:Gifts Received is
exactly what I would use too!

For Salary, Debit Checking Account, Credit Income:Salary Received.

On Tue, Sep 3, 2024 at 2:22 PM Boniforti Flavio <boniforti.f at gmail.com>
wrote:

> Hi all.
> I've received 100 bucks from a relative as a gift, which he sent to me via
> bank wire transfer.
> In my GnuCash accounts I do have one called "Income:Gifts Received" and I
> also of course have the "Assets:Current Assets:Checking Account", where the
> money from the gift finally landed.
>
> How should I proceed to register this gift I received? I don't see any
> reason to do a "double-entry", because the money is not coming from one of
> my accounts - it's just getting INTO one of my accounts from external...
> Same question for my salary, of course.
>
> Thanks for your help,
> F.
>
> https://www.instagram.com/boniforti_music
> https://soundcloud.com/boniforti_music
> https://bonny-j.bandcamp.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.
>
_______________________________________________
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.