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

[Boniforti Flavio]

Hi David and thanks for your reply.
As I'm really a newbie, please excuse my struggle in getting "debit" and
"credit" right with regards to the various accounts :-(

So for a gift I received, let me see if I got it right:

100 as "deposit" on my checking account;
100 as "income" on my "gifts received".

For salary:

5000 as "deposit" on my checking account;
5000 as "income" on my salary account.

Thanks,
F.

https://www.instagram.com/boniforti_music
https://soundcloud.com/boniforti_music
https://bonny-j.bandcamp.com


Am Di., 3. Sept. 2024 um 21:21 Uhr schrieb David Warren <david at warren1.net>:

> 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
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