[GNC] Another "multi-account" logical issue - any advice on how to register this?

[David Cousens]

Patrick,

Agreed for business activities but for private non-business operating
on a cash basis, unlikely to be necessary as per previous posts.

David

On Mon, 2024-09-30 at 13:43 -0700, Patrick James via gnucash-user
wrote:
> For whatever reason, we live in a world where location does matter,
> and the value of a good changes with its location.
> 
> If the value of a good did not change with location, there would be
> no shipping.
> 
> 
> > On 09/30/2024 1:32 PM PDT David Cousens <davidcousens49 at gmail.com>
> > wrote:
> > 
> >  
> > Flavio,
> > 
> > Shipping is a service so it does not add to the value of your
> > assets so
> > it is simply an expense so the transaction becomes:
> > 
> > PURCHASE:
> > Increase "Assets:Material:Item #1" of 300
> > Decrease "Checking account" by 300.
> > Increase "Expenses:Postage" of 10.
> > Decrease "Checking account" by 10.
> > 
> > then there is no need to account for the shipping at time of sale
> > SALE:
> > Increase "Checking account" by 320.
> > Decrease "Assets:Material:Item #1" by 300.
> > Increase  "Income:Sales"        by  20.
> > 
> > The difference between "Income:Sales" and "Expenses:Postage" is
> > your
> > profit on the transaction  and the difference between the balance
> > of
> > the top level Income account and the top level Expenses account
> > will
> > represent your overall profit.  If you needed to know the profit on
> > an
> > individual item you would add a subaccount to the Expenses:Postage
> > :Item #1.
> > 
> > David Cousens
> > 
> > 
> > On Mon, 2024-09-30 at 18:47 +0200, Boniforti Flavio wrote:
> > > Hi all.
> > > I'm again stuck with a specific type of transaction and would
> > > like to
> > > have
> > > it validated (or corrected). Suggestions on how you would do it
> > > are
> > > welcome
> > > as well - I might not be using the most intuitive way of
> > > registering
> > > it.
> > > 
> > > So...
> > > 
> > > I bought an item for 300. Paid for it from my checking account.
> > > I paid for shipping separately 10. Paid for this as well from my
> > > checking
> > > account.
> > > Sold the item for 320, which was wire-transferred into my
> > > checking
> > > account.
> > > I have earned 10 from the transaction.
> > > 
> > > I have created an account for that item:
> > > Assets:Material:Item #1
> > > Also, I've added a shipping sub-account to it:
> > > Assets:Material:Item #1:Shipping
> > > 
> > > Then I entered the split transaction as follows:
> > > 
> > > PURCHASE =
> > > Increase "Assets:Material:Item #1" of 300.
> > > Increase "Assets:Material:Item #1:Shipping" of 10.
> > > Decrease "Checking account" by 300.
> > > Decrease "Checking account" by 10.
> > > As I also have an account for "Postage expenses", how would I
> > > have to
> > > register the 10 bucks I spent for shipping, so that it also
> > > accounts
> > > towards the postage expenses in general?
> > > 
> > > SALE =
> > > Increase "Checking account" by 320.
> > > Decrease "Assets:Material:Item #1:Shipping" by 10.
> > > Decrease "Assets:Material:Item #1" by 300.
> > > Increase "Sales Surplus" by 10.
> > > 
> > > Thanks (again) for your help!
> > > F.
> > > 
> > > https://www.instagram.com/boniforti_music
> > > https://soundcloud.com/boniforti_music
> > > https://bonny-j.bandcamp.com
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