Questions tagged [accounts]
A generic tag for questions on all manner of accounts. For specific questions use the "savings-account", "checking-account" or other specific tags. It is recommended that a specific country tag be used to indicate the geography of the question being asked
27
questions
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votes
1
answer
40
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Margin calculation on short and long positions combined
Assume an investor goes long on X1 and simultaneously short on X2 both of which cost $1. With margin rate at 50% he is required to deposit 0.5 + 0.5 = $1 margin to make the transaction. My question ...
0
votes
1
answer
80
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GNUCASH: My chart of accounts is upside down at the top level
Gnucash: My chart of accounts is upside down (only at the top level) and badly sorted throughout. For instance:
Imbalance-USD
Trading
Orphan-USD
Liabilities
Expenses
Income
Equity
Assets
Notice ...
1
vote
0
answers
64
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Family Member Broker - Managing Mother's Investment
My niece works for a securities firm as registered broker, (not CFP) - her mother, my sister, inherited a large sum of money and will be investing 100% of her funds with her daughters business. Is ...
- 11
15
votes
3
answers
5k
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How to account for human error?
Sometimes people make mistakes. The checkout process at stores often involves manual data entry which is error prone. For example, as a customer I could be charged $49.99 for a product priced $49.49.
...
- 448
2
votes
1
answer
225
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Can I open multiple Gnucash account tabs at once?
I have an investment parent account with more than a dozen subaccounts, one for each ticker symbol. When I go to reconcile a statement, I've been opening the subaccounts one at a time - i.e., I open ...
- 207
1
vote
1
answer
215
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Start Quicken from Scratch [closed]
I want to start over with all my accounts without any historical information. I have been using it for 9 years and do not want to see all the history although I'd like to have it accessible if needed. ...
1
vote
1
answer
92
views
Including benefits in kind within accounts
I'm producing accounts for a local political party using GNU Cash.
There are a lot of benefits in kind that we need to account for.
Previously I included these on a separate spreadsheet, but would ...
- 11
4
votes
2
answers
1k
views
How do I use a liability account (in ledger-cli)?
I don't think this is only applicable to the software, but it's the one that I'm using.
In the documentation it talks about using charitable giving (e.g. tithing) as a Liability.
An example for 10% ...
- 1,159
5
votes
1
answer
774
views
Gnucash brokerage account with multiple stocks
GNUCash setup is driving me nuts. Most accounting software tools allow you to create a brokerage account that holds multiple securities. The account ledger can have transactions for all the ...
- 51
0
votes
1
answer
803
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Free Money Payroll from Ghost Accounts [duplicate]
My friend said he knows this guy who will deposit money into my Chase bank account. The only requirements being that I have had the account for over 4 months and my balance is not negative.
His name ...
1
vote
1
answer
166
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Terminology question about chart of accounts, general ledger [closed]
I'm trying to learn the correct terminology for the place where I see ALL the "accounts" AND their balances in an accounting app.
I use QuickBooks and if I want to see all of this, I click "Chart of ...
- 113
1
vote
1
answer
338
views
Where am I miscounting this money?
I run a sports club where I accept payments via three methods: in cash, via a PayPal card reader and online via my website.
I'd been keeping track of the attendees and how much they paid in a ...
- 372
2
votes
1
answer
135
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Investing Account Options
I am new to this SE community so please inform me if there are ways I can edit or improve this question, a more appropriate place to post it, or better tags and title.
My grandmother is beginning to ...
- 133
4
votes
1
answer
5k
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What does it mean if my bank account has a credit?
I have been using one of my bank account on very occasional basis, so I never know how much money is in. Just checked my balance on the phone and it says £130 in credit. Does it mean I still have £130 ...
- 51
3
votes
3
answers
860
views
Using multiple bank accounts
One thing I've always struggled with finance-wise is how to manage higher-level budget categories across a limited number of accounts. For instance, I currently maintain the following types of ...
- 187
2
votes
1
answer
243
views
Credit card company doesn't have a record of my account
In 2006, I was notified by mail that a credit account I had opened three years earlier was being transitioned to a new, different account. Both accounts are currently reported as open on my credit ...
- 135
3
votes
3
answers
2k
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Convention for adding ishares (ETFs) into personal accounts
I use GNUcash to manage my personal accounts.
Please advise me on how I should enter ETFs, specifically ishares which are Blackrock's brand of ETF, into my personal accounts.
The default set of ...
- 135
2
votes
1
answer
1k
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How to enter members drawings on a balance sheet in a UK LLP
I am writing up the annual accounts for our LLP, and I am unsure where to put the Members drawings on the balance sheet. Should the amount drawn by members be written down as debtors in the Current ...
- 131
1
vote
0
answers
66
views
Best software to import finances [duplicate]
Possible Duplicate:
What are the best software tools for personal finance?
I'm looking for a tool to manage my personal finances with. I've got various loans, credit cards, a few investments, and ...
- 121
3
votes
1
answer
85
views
Is it possible to place money in an account where I can authorize people to view the balance?
I'm entering a software contest in which the winner will be awarded a sum of money. However, part of the qualifications for winning is that the winner can demonstrate the ability to be able to afford ...
- 133
0
votes
1
answer
311
views
Sales taxed amount in Accounts Receivable?
When I enter a new invoice for a client, for example $1062.50 ($1000 + MA sales tax) do BOTH Accounts Receivable AND Sales Tax Payable go up by the following?
Accounts Receivable +1062.50
Sales Tax ...
8
votes
4
answers
497
views
Other than being able to borrow to invest, how is a margin trading account different from a cash account?
Other than being able to borrow against one's portfolio value to purchase additional investments, how is a typical brokerage margin trading account different from a typical cash trading account?
...
- 31.6k
30
votes
2
answers
240k
views
"Savings" account vs. "current" account - what's the difference?
When I draw money from ATMs or open a new bank account, there's the choice of either "savings" or "current" account.
What's the difference between these two account types?
- 533
4
votes
1
answer
5k
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Money owed to credit cards called "positive balances" or "negative balances"?
Q1) If my Visa credit card has a zero balance and then I charge something on the Visa, do I now have a "positive balance" or a "negative balance"?
Q2) Same question for a utility account like a ...
- 295
9
votes
2
answers
1k
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How are 401(k), 403(b), and 457(b) tax-advantaged retirement plans different? How are they alike?
How are 401(k), 403(b), and 457(b) tax-deferred retirement plans different? How are they alike?
user178
11
votes
7
answers
666
views
How many credit cards is it reasonable to have?
Is there a right number of credit cards to hold? (Please don't say zero :) What would be the excessive number of credit cards, or how else would you judge enough is enough? If I have some cards I do ...
unknown
9
votes
4
answers
805
views
Should I keep most of my banking, credit, and investment accounts at the same bank?
I have two bank accounts (checking and saving), some credit cards (3), a mortgage, an investment account, and an individual retirement account. Right now all of those accounts except two of the credit ...
unknown