Questions tagged [gnucash]

For questions related to the GnuCash personal and small-business financial-accounting software freely licensed under the GNU GPL. As this is a personal finance site, questions about usage of the software are preferred over technology-related questions.

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5
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1answer
845 views

GnuCash - How should equity accounts be adjusted for profit/loss in a partnership?

I have an LLC with 3 members, and have created an equity account for each member. I have a transaction that debits the checking account and credits the equity account for each member's contribution ...
4
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2answers
355 views

How to make wrong amount in gnucash account in line with real amount?

My checking account shows a value that is higher then it actually is according to my bank statement. As far as I know I've only added transactions that have already been processed, so it should be the ...
1
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1answer
405 views

gnucash share fractions

For tracking shares in GnuCash, the maximum number of decimal places allowed seems to be 8 (100 millionth) but I'm dealing with fractions with 9 decimal places. Any extra decimals after 8 get ...
1
vote
1answer
153 views

Remove VAT amounts from cash flow report

I am using Gnu Cash to track my personal expenses as well as my freelancing income. On some of my income I receive VAT which I then have to pay back. Currently the income/expense cash flow report is ...
2
votes
1answer
478 views

Coding Expenses to Vendors Without Entering a Bill in GnuCash? [closed]

In QuickBooks, when using the "Batch Transactions" window to enter transactions, I can allocate the transaction to a vendor without creating a bill. I.e., when I charge an "Office Expense" for copy ...
3
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1answer
127 views

Full amount spent on Liabilites GNU cash

I would like to have a total of just the charges on a liability such as a VISA card. Take out the payment data.
2
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2answers
765 views

Budget Report with Cumulative amount in Gnucash

I want to see during a year if I am good with my household budget. I have made a monthly budget for all my expenses and income. Thus I would like to see for example in June what the current amount ...
1
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2answers
503 views

GnuCash setup for personal and shared money in the same account

I have arrangement with my spouse that everything that we earn is "shared" but we get monthly allowance that is personal. We get our salaries to personal accounts and tract how much we owe to in ...
3
votes
2answers
296 views

How do I prevent the use of duplicate invoice numbers in Gnucash?

I'm not an accountant or bookkeeper, but I have been using Gnucash to enter and manage my invoices. I had an instance where I used B192116 for an invoice number and the customer paid this invoice. A ...
4
votes
1answer
662 views

How can I export transactions from GnuCash including references to associated files

I can add files to transactions using menu Transaction > associate file with transaction to assign files. I want to export the transactions in a way so that this file reference it included in ...
2
votes
1answer
888 views

How To Assign Payments Received Properly In GnuCash?

What is the "proper" way to make sure that a payment I receive for an invoice is "assigned" to that particular invoice? (I feel like many payments I have received don't get assigned to an invoice and ...
7
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3answers
7k views

How to handle cash back or rewards in Gnucash, what account

One of my credit cards gives me a cash back reward that I have credited to my account when it build up to a large enough amount. What account should I use for it, or is there a specific way to handle ...
0
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1answer
90 views

How to setup GnuCash with dual currencies

I am trying to set up GnuCash to keep track of my USD and CAD chequing accounts. I keep running into a problem where all of my imported bank statements into the USD account show empty transactions. ...
1
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1answer
1k views

How to record currency exchange in double entry

I decided to make my own double entry accounting program that deals with multicurrency. However, I am facing an issue in dealing with following scenario: I have two bank accounts: From: Opening ...
0
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1answer
300 views

What's the best way to account for a risky investment - As an asset or an expense?

We normally account for investments as a separate account in assets: Assets:Banks:Bank ABC => Assets:Risky Investments:Investment XYZ which is consistent with the fact of having an asset that ...
1
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1answer
550 views

Liability showing up as asset in Equity

I am getting up & running in GNUcash. I however am puzzled by the Loan and Equity:Opening balance results. I should note that this money for the student loan was spent years ago, so I entered my ...
3
votes
3answers
722 views

Accounting equation: does income really decrease equity?

I am new to using double-entry bookkeeping for personal finances. GnuCash uses a variant of the accounting equation that has five variables, and which seems to be known colloquially as an "expanded" ...
1
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0answers
237 views

How to calculate the interest on an account wth GnuCash?

I have a loan from the owner liability and expenses paid from this account. I have not setup the interest rate on this loan, and the loan account is added to in infrequent amount as expenses come up ...
2
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0answers
71 views

Head of Household and dependent status tracking with GnuCash

I would like to use GnuCash (if possible) to track my status as head of household and my mother's status as a dependent. The rules are in IRS Publication 501 (mostly worksheet 2). My ultimate goal is ...
1
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1answer
173 views

GnuCash How to track a bill in A/P and in an asset account and get tracked to customer who reimburses

I incur expenses on behalf of clients who will reimburse. In quickbooks i would create bill to vendor and track to customer. expense went to A/P and the the other entry was an asset account. This ...
2
votes
1answer
341 views

GnuCash: Copy & Paste Balance Sheet

I would like to use GnuCash for the limited purpose of inputting an existing balance sheet at a particular point in time (just the totals at year end, NOT any of the activity) in order to enter ...
2
votes
1answer
577 views

Gnucash: how to combine scheduled transactions and online banking data?

I don't know how to combine scheduled transactions and banking data in practice. What I have done already: I am fairly new to accounting, but have read Accounting for Computer Scientists, so I know ...
1
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1answer
340 views

How do I join transactions after importing from multiple bank account statements in GNUCASH?

I found this but I don't feel it really solves the issue. When importing from two mt940 statements, which have transactions between each other, how can they be "joined" as double entries between the ...
1
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2answers
1k views

How to print account transactions for a time period in GNUCash?

I would like to print all the transactions for an account from, for example, 01/01/2015 to 31/12/2015. I found the report in Reports > Account Reports but that displays all the transactions in the ...
1
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2answers
131 views

How to register obligatory social insurance?

Every month I have to pay a certain amount as social insurance. It is my debt - I have to pay regardless of my income. What should be the source of this debt? Opening balance from equities branch? ...
-1
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1answer
87 views

Gnucash ghost entries: missing Credit Card journal

Gnucash seems to have lost hundreds of entries from my Liabilities:Credit Card account after importing transactions some months ago. The Credit Card journal shows no transactions after a certain date, ...
1
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1answer
214 views

'Category' and 'Budgetary imputation' in Gnucash

Currently using grisbi to manage my personal money, I'm considering moving to gnucash (as it seems to fulfill my needs, to have better dev support and some functionalities I am missing -- e.g. sub-...
3
votes
2answers
304 views

Gnucash: How to find transactions of a specific amount?

I've got a Gnucash credit card account in which I'd like to find all transactions of a specific amount. The Find window doesn't have the Charge Amount field in it, and I don't see any relevant ...
1
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1answer
601 views

GnuCash register reimbursements

I just started using GnuCash for personal finance, and I'm still figuring out how to register different types of movements of money. The issue I'm not sure about now, is how to register ...
2
votes
1answer
892 views

Gnucash: How to track similar expenses in two currencies appropriately?

Suppose that someone spends most of their life in one country with currency X, and a few years in another country where they have currency Y. Let's suppose also that the person earns a similar income ...
3
votes
1answer
437 views

How would I account in GnuCash for me and another entity contributing to a joint account?

Me and my wife are starting a joint account, separate from both of our accounts. The intent is for both of us to contribute equally to the account and use it for joint purchases. When I make a ...
3
votes
1answer
238 views

GnuCash: Reimbursable expenses paid by credit card

In my business we buy a number of things for client projects with the company credit card. I understand that to have them show up on the client's bill I need to use the Vendor-Bill process. But when I ...
2
votes
3answers
3k views

What is the Equity account for in GnuCash?

What is the purpose of Equity account in GnuCash? For example, I have income through Salary account $500, after I have expense by buying book for $5 (so in Expense:Books account is entry for $5). But ...
1
vote
2answers
513 views

How to record “short premium” in double-entry accounting? [closed]

I write (sell to open) puts on margin for “short premium” on my personal account. The contract note for an opening transaction lists a number of components: • contract number • option symbol • strike ...
0
votes
1answer
277 views

gnucash cashflow reports - different years side-by-side

Is there a way within the gnucash reporting system to compare cashflow reports from two different years? I'd like to see something like: | ACCOUNT | 2015 | 2014 | DIFFERENCE | |---------------|...
1
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1answer
376 views

Gnucash creating transactions for wrong account in import

Something seems to be broken in the setup of my online accounts: whenever I get transactions for one of my accounts (via HBCI), Gnucash creates transactions for a different account and also looks for ...
5
votes
1answer
142 views

How to handle currency redenomination in gnucash?

Government of my country is planning to redenominate my local currency. For example, we have conversion rate 15000:1 local to USD. After redomination happen it will be 1.5:1 local to USD. I don't ...
0
votes
1answer
1k views

What's the difference between Descriptions, Notes, and Memo in GnuCash? [closed]

The Description field appears in any view of a transaction. The Notes field appears when you select "Double Line" from the View menu. A Memo field appears for each offsetting account when you split a ...
2
votes
1answer
324 views

Gnucash: How to add up all charges on a credit card within a period

I have "Liability" account in Gnucash for my credit card. Each expense made using my card is shown there as "Charge", while each payment I made to the credit card account from my checking account is ...
4
votes
2answers
389 views

Double entry for mortgage

Q. What entries should be made for mortgage and interest only repayments? For info I use GnuCash. Situation: I have an interest (repayment) only mortgage of, say, £50,000. They added their fees to ...
1
vote
1answer
910 views

Handling expenses for corporate tax in GnuCash

I am very new to the whole concept of book-keeping (Read GnuCash help - that's it) at the moment and was wondering if I could get some pointers in here. I am running a micro limited company (One ...
4
votes
1answer
963 views

How do I track an interest free loan I made in GNUCash? How do I track payments against that loan?

I use GnuCash for my personal accounting since 2008. As I am not a native English speaker, I struggle with the understanding of some GnuCash manual terms and explanations that I do not use in my daily ...
2
votes
1answer
143 views

GnuCash how to do laptop purchase payment plan

I bought a laptop for $1000 online and paid by credit card. The payment plan is 10-month payment with 0% interest rate. So it charges $100 to my credit card each month. In this case, how do I do it on ...
4
votes
1answer
3k views

GnuCash and ledger/hledger [closed]

I am using GnuCash 2.6.7 under Mac OS X 10.10.4 to do my personal finance. I have a fairly large account structure by now with many expense accounts to track different categories of spending. I would ...
3
votes
2answers
773 views

Why doesn't GnuCash auto-reconcile non-bank accounts?

I use GnuCash for the sole purpose of keeping track of my personal finance. When I do my monthly reconciliation on my checking account, savings account, and credit card account and everything is all ...
0
votes
1answer
659 views

Quarterly report in Gnucash?

Gnucash has this handy Account Summary report, which summarizes all incomes and expenses in every currency in the current fiscal year. I'd like to see a similar report for a custom date range (say, ...
3
votes
1answer
479 views

GnuCash during holiday: expenses in foreign currency

I am using GnuCash for keeping track of my personal finances. My currency is mostly Japanese Yen and I live in Japan. I keep track of every single Yen, every single purchase. Now I am going on ...
1
vote
1answer
3k views

List of banks with free OFX service [closed]

I am looking for a list of banks that offer a free OFX (Open Financial Exchange) service. The best list I have been able to find is here: OFX List Some of the banks on this list are documented to ...
11
votes
3answers
38k views

What is the difference between equity and assets?

I am (going to be) using GNU Cash, which uses the double-entry method; I use it for personal finance. Reading various tutorials for GNU cash, it lists 5 types of accounts: income, expense, assets, ...
0
votes
1answer
427 views

correct usage of “R” field, esp. with respect to credit card account type

Using GnuCash to track where my money goes and what comes in. I have as assets my bank account and "cash in wallet", and many expense accounts for food, gas, water, electricity, clothes, transport/...