33
votes
How to account for human error?
Does it matter?
In this case you were charged $49.99. Your card record shows $49.99. Your account entries show $49.99. You really did pay $49.99 in expenses, so "expenses" should show $49.99....
- 34.3k
15
votes
Accepted
How to account for human error?
I created an Errors account that can be used to absorb the remainders of transactions.
2021-09-07 * Store
Expenses $ 49.49
Credit Card $ -49.99
Errors
Any remainder will be ...
- 448
7
votes
Accepted
Investing Account Options
Immediately move your Roth IRA out of Edward Jones and into a discount broker like Scottrade, Ameritrade, Fidelity, Vanguard, Schwab, or E-Trade. Edward Jones will be charging you a large fraction of ...
- 15.1k
6
votes
Free Money Payroll from Ghost Accounts
If a stranger is offering to give you a bunch of money for doing nothing, it's probably a scam. You haven't given enough info to tell how it works, but I'd guess it's a variation of something like ...
- 1,157
5
votes
Accepted
How do I use a liability account (in ledger-cli)?
The answer can actually be found in the documentation, you just have to look closer.
Virtual Postings will do it. The parenthesis around the automatic transaction means that you aren't representing ...
- 1,159
5
votes
Gnucash brokerage account with multiple stocks
You can set up your accounts following the Custom Accounts Example in the documentation.
You will have a parent account for the brokerage that has a child account named Cash. Any transfers to/from ...
- 310
4
votes
Including benefits in kind within accounts
Check your local laws, but here's something I googled up:
Australian Accounting Standard AAS 29 Financial Reporting by Government Departments
requires contributions of services to be recognised ...
- 9,392
3
votes
How to account for human error?
The way you record it depends on how you want to (or are required to) report the transaction. Here are a few possible scenarios:
You are paying for the item out of your own pocket and will get ...
- 9,392
2
votes
Can I open multiple Gnucash account tabs at once?
I'm not entirely sure what the precise problem to be solved is, but here's my 2 cents worth.
It's definitely possible to have multiple tabs representing different accounts open simultaneously in ...
- 1,545
1
vote
Margin calculation on short and long positions combined
In the US, the Reg T margin requirement for a short position in a marginable security is 150% of the sale price. The proceeds from the short sale can be applied to the margin requirement so ...
- 77k
1
vote
GNUCASH: My chart of accounts is upside down at the top level
When in the accounts page (menu bar → View → New Accounts Page) you can sort accounts by clicking on the respective column header label.
(Click again to reverse the order based on the already selected ...
- 164
1
vote
Start Quicken from Scratch
Not sure about your version of Quicken, but in mine under the File menu there is an option "New Quicken File". I won't try it myself since I don't want to start over, but according to various web ...
- 24k
1
vote
How do I use a liability account (in ledger-cli)?
In your example, Liabilities:Tithing is being used as a "reminder to self", of how much you need to give to meet your tithing target. Nothing really to do with transaction delays in this case, ...
- 366
1
vote
Accepted
Terminology question about chart of accounts, general ledger
A chart of accounts is literally a list of account numbers, names and other properties (e.g. type of account, can hold interco balances or not, currency, etc).
I believe you are looking for a trial ...
- 2,279
1
vote
Where am I miscounting this money?
I don't see how we can possibly answer this with the information you have given. However, in your shoes, I would start a new ledger sheet, using all the same formulas etc. Open the sheet with a ...
- 25.2k
1
vote
Using multiple bank accounts
Spreadsheets are your friend!
I've got:
Checking account #1 - normal monthly bills.
Checking account #2.
Savings account.
Columns in a spreadsheet track my:
Auto insurance semi-annual premium
...
- 50.8k
Only top scored, non community-wiki answers of a minimum length are eligible